Guinness Asset Management LTD Has $46 Million Position in AMETEK, Inc. $AME

Key Points

• Guinness Asset Management LTD increased its stake in AMETEK, Inc. by 5.3%, owning 267,270 shares valued at approximately $46 million, making it the fund's 25th largest position.
• Several institutional investors have significantly raised their holdings in AMETEK, with Invesco Ltd. increasing theirs by 127.2% to own nearly $599 million in shares.
• Analysts have upgraded AMETEK's stock ratings, with target prices rising, including a recent increase by TD Cowen from $158 to $180, and Mizuho from $212 to $225.

Guinness Asset Management LTD lifted its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 267,270 shares of the technology company's stock after acquiring an additional 13,409 shares during the period. AMETEK makes up 0.9% of Guinness Asset Management LTD's portfolio, making the stock its 25th largest holding. Guinness Asset Management LTD owned approximately 0.12% of AMETEK worth $46,000,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AME. Bares Capital Management Inc. acquired a new stake in shares of AMETEK in the first quarter worth $26,000. Olde Wealth Management LLC acquired a new stake in shares of AMETEK in the first quarter worth $29,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of AMETEK by 57.7% in the first 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. Zions Bancorporation National Association UT acquired a new stake in shares of AMETEK in the first quarter worth $42,000. Finally, Costello Asset Management INC acquired a new stake in AMETEK during the first quarter worth $43,000. Institutional investors and hedge funds own 87.43% of the company's stock.

Wall Street Analyst Weigh In

AME has been the topic of a number of recent research reports. TD Cowen upgraded shares of AMETEK from a "sell" rating to a "hold" rating and lifted their price target for the stock from $158.00 to $180.00 in a research note on Tuesday, September 2nd. Mizuho lifted their price target on shares of AMETEK from $212.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Robert W. Baird lifted their price target on shares of AMETEK from $190.00 to $198.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Melius downgraded shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price target on the stock. in a research note on Monday, July 14th. Finally, Barclays initiated coverage on shares of AMETEK in a research note on Wednesday. They set an "equal weight" rating and a $200.00 price target on the stock. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, AMETEK currently has an average rating of "Moderate Buy" and a consensus target price of $205.00.

AMETEK Price Performance

Shares of AME traded down $2.08 on Friday, hitting $189.95. The company's stock had a trading volume of 813,138 shares, compared to its average volume of 1,035,186. The company has a 50 day moving average price of $183.25 and a 200 day moving average price of $177.06. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $198.33. The company has a market capitalization of $43.87 billion, a PE ratio of 30.59, a PEG ratio of 2.73 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.04.

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 return on equity of 16.53% and a net margin of 20.60%.The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company posted $1.66 EPS. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. On average, research analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

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