AMETEK, Inc. $AME Shares Sold by Gabelli Funds LLC

Key Points

• Gabelli Funds LLC has trimmed its stake in AMETEK, Inc. by 1.2%, holding 982,894 shares valued at approximately $169.20 million, making up about 1.3% of its portfolio.
• AMETEK reported $1.78 EPS for its last quarter, exceeding analysts’ expectations and showing a 2.5% year-over-year revenue increase.
• The company has declared a quarterly dividend of $0.31, which will be paid on September 30, contributing to an annualized yield of 0.7%.

Gabelli Funds LLC cut its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 1.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 982,894 shares of the technology company's stock after selling 11,450 shares during the period. AMETEK comprises about 1.3% of Gabelli Funds LLC's holdings, making the stock its 4th largest position. Gabelli Funds LLC owned about 0.43% of AMETEK worth $169,195,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of AMETEK by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 26,484,263 shares of the technology company's stock worth $4,559,001,000 after buying an additional 336,491 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in AMETEK by 21.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,970,047 shares of the technology company's stock valued at $1,888,385,000 after purchasing an additional 1,908,742 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in AMETEK by 2.8% in the 1st quarter. JPMorgan Chase & Co. now owns 5,747,368 shares of the technology company's stock valued at $989,352,000 after purchasing an additional 154,682 shares in the last quarter. Flossbach Von Storch SE lifted its holdings in shares of AMETEK by 1.2% during the 1st quarter. Flossbach Von Storch SE now owns 3,770,066 shares of the technology company's stock worth $648,979,000 after acquiring an additional 45,714 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of AMETEK by 127.2% during the 1st quarter. Invesco Ltd. now owns 3,479,397 shares of the technology company's stock worth $598,943,000 after acquiring an additional 1,947,831 shares during the period. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

AMETEK Trading Down 1.1%

AME traded down $2.02 on Friday, reaching $184.71. 809,674 shares of the company's stock were exchanged, compared to its average volume of 1,228,306. The company's 50 day moving average is $181.97 and its 200-day moving average is $177.03. The company has a market cap of $42.66 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 2.66 and a beta of 1.10. AMETEK, Inc. has a twelve month low of $145.02 and a twelve 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.

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 (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.09. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the company earned $1.66 earnings per share. AMETEK'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. Equities analysts predict that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given 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 (DPR) is 19.97%.

Analyst Upgrades and Downgrades

AME has been the topic of several recent analyst reports. KeyCorp increased their price objective on shares of AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. DA Davidson increased their price objective on shares of AMETEK from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Mizuho increased their price objective on shares of AMETEK from $212.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Wall Street Zen upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Truist Financial increased their target price on shares of AMETEK from $196.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, AMETEK has a consensus rating of "Hold" and an average target price of $208.00.

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.