Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 7,000 Shares of AMETEK, Inc. $AME

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in AMETEK, Inc. by 27.2%, resulting in ownership of 18,728 shares valued at approximately $3.22 million.
• AMETEK reported a Q2 EPS of $1.78, exceeding analyst expectations, with quarterly revenue reaching $1.78 billion, a 2.5% year-over-year increase.
• The company announced a quarterly dividend of $0.31, representing an annualized yield of 0.7% and a payout ratio of 19.97%.

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 27.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,728 shares of the technology company's stock after selling 7,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in AMETEK were worth $3,224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank Pictet & Cie Europe AG grew its holdings in AMETEK by 23.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 183,024 shares of the technology company's stock valued at $32,992,000 after purchasing an additional 34,866 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of AMETEK by 9.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 12,241 shares of the technology company's stock worth $2,207,000 after buying an additional 1,085 shares during the period. Mariner LLC grew its stake in AMETEK by 3.9% in the 4th quarter. Mariner LLC now owns 38,866 shares of the technology company's stock valued at $7,006,000 after buying an additional 1,453 shares during the last quarter. Bridgewater Associates LP bought a new position in AMETEK in the 4th quarter worth $204,000. Finally, United Capital Financial Advisors LLC lifted its position in AMETEK by 6.9% during the 4th quarter. United Capital Financial Advisors LLC now owns 4,909 shares of the technology company's stock worth $885,000 after acquiring an additional 318 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

Analyst Upgrades and Downgrades

AME has been the topic of several research analyst reports. DA Davidson raised their price target on AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Mizuho raised their target price on AMETEK from $212.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Melius Research upgraded AMETEK to a "hold" rating in a report on Monday, July 14th. Truist Financial raised their price objective on shares of AMETEK from $196.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Melius lowered shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 target price on the stock. in a research report on Monday, July 14th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, AMETEK has an average rating of "Hold" and a consensus price target of $208.00.

AMETEK Price Performance

Shares of NYSE AME traded up $0.1390 during midday trading on Thursday, reaching $183.4790. 662,837 shares of the company traded hands, compared to its average volume of 1,373,419. AMETEK, Inc. has a 12 month low of $145.02 and a 12 month high of $198.33. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.63. The stock's 50-day simple moving average is $180.81 and its 200-day simple moving average is $176.97. The firm has a market cap of $42.37 billion, a PE ratio of 29.54, a PEG ratio of 2.67 and a beta of 1.10.

AMETEK (NYSE:AME - Get Free Report) last announced its earnings results on Thursday, July 31st. The technology company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.69 by $0.09. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The company had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter in the prior year, the business earned $1.66 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. As a group, equities analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.24 annualized dividend and a yield of 0.7%. AMETEK's dividend payout ratio is presently 19.97%.

AMETEK Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.