HB Wealth Management LLC Sells 2,825 Shares of AMETEK, Inc. $AME

Key Points

• HB Wealth Management LLC reduced its stake in AMETEK, Inc. by 35.9% in Q2, selling 2,825 shares and now holding 5,053 shares valued at approximately $914,000.
• Several hedge funds have shown interest in AMETEK, with Bares Capital Management acquiring a stake worth $26,000 and ST Germain D J Co. increasing its holdings by 628.6% during the same period.
• Analysts have positive sentiment towards the stock, with a consensus rating of "Moderate Buy" and an average target price rising to $205.00.

HB Wealth Management LLC cut its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 35.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,053 shares of the technology company's stock after selling 2,825 shares during the quarter. HB Wealth Management LLC's holdings in AMETEK were worth $914,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of AME. Bares Capital Management Inc. acquired a new stake in AMETEK in the first quarter worth $26,000. ST Germain D J Co. Inc. raised its holdings in AMETEK by 628.6% in the second quarter. ST Germain D J Co. Inc. now owns 153 shares of the technology company's stock worth $28,000 after purchasing an additional 132 shares during the period. Olde Wealth Management LLC acquired a new stake in AMETEK in the first quarter worth $29,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in 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 purchasing an additional 71 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new stake in AMETEK in the first quarter worth $42,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AME. Robert W. Baird increased their target price on shares of AMETEK from $190.00 to $198.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. Melius Research upgraded shares of AMETEK to a "hold" rating in a report on Monday, July 14th. KeyCorp raised 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. Barclays began coverage on shares of AMETEK in a report on Wednesday, September 10th. They set an "equal weight" rating and a $200.00 price objective on the stock. Finally, Royal Bank Of Canada raised their price objective on shares of AMETEK from $209.00 to $212.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $205.00.

AMETEK Stock Down 1.3%

Shares of AME stock opened at $183.76 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a 1 year low of $145.02 and a 1 year high of $198.33. The firm's fifty day moving average price is $185.41 and its two-hundred day moving average price is $177.74. The firm has a market capitalization of $42.44 billion, a P/E ratio of 29.59, a PEG ratio of 2.68 and a beta of 1.11.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the business earned $1.66 EPS. The company's revenue 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, equities analysts predict that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given 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 of this dividend was Monday, September 15th. AMETEK's dividend payout ratio (DPR) is 19.97%.

AMETEK Company 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.

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