Gotham Asset Management LLC Purchases 36,591 Shares of AMETEK, Inc. $AME

Key Points

• Gotham Asset Management LLC increased its stake in AMETEK, Inc. by 102.1%, acquiring a total of 72,418 shares valued at $12,466,000 during the 1st quarter.
• AMETEK reported a quarterly earnings of $1.78 EPS, surpassing estimates, alongside a 2.5% year-over-year revenue increase to $1.78 billion.
• The company announced a quarterly dividend of $0.31 to be paid at the end of September, marking an annualized dividend yield of 0.7%.

Gotham Asset Management LLC lifted its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 102.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,418 shares of the technology company's stock after acquiring an additional 36,591 shares during the quarter. Gotham Asset Management LLC's holdings in AMETEK were worth $12,466,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in AME. Bares Capital Management Inc. acquired a new position in shares of AMETEK during the 1st quarter worth about $26,000. Olde Wealth Management LLC acquired a new position in shares of AMETEK in the 1st quarter worth approximately $29,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of AMETEK by 57.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company's stock worth $33,000 after buying an additional 71 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of AMETEK during the first quarter worth approximately $42,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in AMETEK during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 87.43% of the company's stock.

AMETEK Stock Performance

AMETEK stock traded down $1.94 during midday trading on Friday, reaching $190.09. 162,994 shares of the company's stock were exchanged, compared to its average volume of 1,345,243. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week 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 firm has a market cap of $43.90 billion, a price-to-earnings ratio of 30.61, a P/E/G ratio of 2.69 and a beta of 1.10. The stock's 50-day simple moving average is $183.14 and its 200 day simple moving average is $177.19.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.09. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The business had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter last year, the company posted $1.66 earnings per share. AMETEK's quarterly revenue 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. On average, analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

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

Analyst Ratings Changes

AME has been the subject of a number of recent 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 report on Friday, August 1st. KeyCorp increased their price objective on AMETEK from $195.00 to $205.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Melius lowered AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective on the stock. in a research report on Monday, July 14th. Barclays started coverage on AMETEK in a research report on Wednesday. They issued an "equal weight" rating and a $200.00 price target on the stock. Finally, Royal Bank Of Canada raised their price target on AMETEK from $209.00 to $212.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $205.00.

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.