AMETEK, Inc. $AME Shares Acquired by Harvest Portfolios Group Inc.

Key Points

• Harvest Portfolios Group Inc. increased its stake in AMETEK, Inc. by 15.6% in the first quarter, owning a total of 10,005 shares valued at $1,722,000.
• AMETEK recently reported earnings per share of $1.78, exceeding estimates, and had revenues of $1.78 billion, reflecting a 2.5% increase from the previous year.
• The company announced a quarterly dividend of $0.31, with a payout ratio of 19.97%, and set new fiscal year 2025 earnings guidance between $7.060 and $7.200 per share.

Harvest Portfolios Group Inc. boosted its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 15.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,005 shares of the technology company's stock after acquiring an additional 1,347 shares during the quarter. Harvest Portfolios Group Inc.'s holdings in AMETEK were worth $1,722,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Olde Wealth Management LLC acquired a new stake in shares of AMETEK in the first quarter valued at $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 valued at $33,000 after buying an additional 71 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of AMETEK in the fourth quarter valued at $37,000. Zions Bancorporation National Association UT acquired a new stake in shares of AMETEK in the first quarter valued at $42,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in shares of AMETEK in the fourth quarter valued at $43,000. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Stock Down 1.1%

AME stock traded down $2.02 during trading on Friday, hitting $184.71. 809,674 shares of the company's stock were exchanged, compared to its average volume of 1,228,306. The business has a 50-day moving average price of $181.97 and a two-hundred day moving average price of $177.03. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The stock has a market capitalization 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 52-week low of $145.02 and a 52-week high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.09. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.74 billion. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.66 earnings per share. 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 research analysts expect that AMETEK, Inc. will post 7.15 EPS for the current 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 $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 15th. AMETEK's dividend payout ratio is 19.97%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AME shares. Melius Research raised AMETEK to a "hold" rating in a research note on Monday, July 14th. KeyCorp lifted their target price on AMETEK from $195.00 to $205.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Morgan Stanley lifted their target price on AMETEK from $185.00 to $198.00 and gave the company an "equal weight" rating in a report on Friday, August 8th. Wall Street Zen upgraded AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Robert W. Baird lifted their target price on AMETEK from $190.00 to $198.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Seven investment 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. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $208.00.

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.