Ieq Capital LLC Buys 8,280 Shares of AMETEK, Inc. $AME

Key Points

• Ieq Capital LLC increased its position in AMETEK, Inc. by 70%, owning 20,114 shares valued at approximately $3.46 million following the purchase of an additional 8,280 shares.
• Several institutional investors have also raised their stakes, with notable increases from FORA Capital LLC and Caisse DE Depot ET Placement DU Quebec among others.
• AMETEK recently reported earnings of $1.78 per share for the last quarter, exceeding analysts' expectations, and has announced a quarterly dividend of $0.31 per share, with a yield of 0.7%.

Ieq Capital LLC increased its position in AMETEK, Inc. (NYSE:AME - Free Report) by 70.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,114 shares of the technology company's stock after purchasing an additional 8,280 shares during the period. Ieq Capital LLC's holdings in AMETEK were worth $3,462,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AME. Olde Wealth Management LLC bought a new stake in AMETEK in the 1st quarter worth approximately $29,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake 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 during the last quarter. Banque Transatlantique SA bought a new stake in shares of AMETEK in the fourth quarter worth $37,000. Minot DeBlois Advisors LLC purchased a new stake in AMETEK during the fourth quarter valued at $43,000. Finally, Zions Bancorporation National Association UT purchased a new stake in AMETEK during the first quarter valued at $42,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

AMETEK Price Performance

Shares of AMETEK stock traded up $2.34 during trading hours on Thursday, hitting $186.69. The company's stock had a trading volume of 473,375 shares, compared to its average volume of 1,355,052. The company has a market cap of $43.12 billion, a PE ratio of 30.06, a PEG ratio of 2.66 and a beta of 1.10. 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 business has a 50 day moving average price of $182.34 and a two-hundred day moving average price of $177.09. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last released its earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $1.74 billion. During the same quarter last year, the business posted $1.66 earnings per share. The firm's 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. Analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 0.7%. AMETEK's dividend payout ratio (DPR) is presently 19.97%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AME. DA Davidson raised their target price on AMETEK from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. KeyCorp increased their price objective on shares of AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Mizuho boosted their target price on shares of AMETEK from $212.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Melius cut shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 target price for the company. in a report on Monday, July 14th. Finally, Robert W. Baird increased their price target on shares of AMETEK from $190.00 to $198.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, AMETEK presently has a consensus rating of "Moderate Buy" and an average target price of $205.45.

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.