FORA Capital LLC Purchases 2,703 Shares of AMETEK, Inc. $AME

Key Points

• FORA Capital LLC increased its stake in AMETEK, Inc. by 103.5% during the first quarter, acquiring an additional 2,703 shares to reach a total of 5,314 shares valued at approximately $915,000.
• Wall Street analysts have given AMETEK a consensus rating of "Hold" with an average price target of $208.00, while several firms upgraded their ratings to "Buy" and raised price targets, suggesting positive sentiment towards the stock.
• AMETEK recently announced a quarterly dividend of $0.31 per share, which will be paid on September 30th, contributing to an annualized yield of 0.7%.

FORA Capital LLC grew its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 103.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,314 shares of the technology company's stock after purchasing an additional 2,703 shares during the quarter. FORA Capital LLC's holdings in AMETEK were worth $915,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Olde Wealth Management LLC bought a new position in AMETEK during the 1st quarter worth approximately $29,000. Annis Gardner Whiting Capital Advisors LLC grew its position in AMETEK by 57.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company's stock worth $33,000 after acquiring an additional 71 shares during the last quarter. Banque Transatlantique SA bought a new position in AMETEK during the 4th quarter worth approximately $37,000. Minot DeBlois Advisors LLC bought a new position in AMETEK during the 4th quarter worth approximately $43,000. Finally, Zions Bancorporation National Association UT bought a new position in AMETEK during the 1st quarter worth approximately $42,000. 87.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded AMETEK from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. KeyCorp raised their price target on AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Melius Research upgraded AMETEK to a "hold" rating in a research report on Monday, July 14th. DA Davidson raised their price target on AMETEK from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Truist Financial lifted their price objective on AMETEK from $196.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $208.00.

AMETEK Price Performance

Shares of AME stock opened at $186.74 on Thursday. The firm has a market cap of $43.13 billion, a P/E ratio of 30.07, a P/E/G ratio of 2.69 and a beta of 1.10. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $198.33. The business's 50 day moving average price is $181.62 and its 200-day moving average price is $177.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.63.

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

AMETEK Dividend Announcement

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

About AMETEK

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.

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