423,331 Shares in AMETEK, Inc. $AME Bought by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. acquired approximately 423,331 shares of AMETEK, Inc., valued at around $72.87 million, representing a 0.18% ownership stake as per the latest SEC filing.
• AMETEK reported earnings of $1.78 per share for the last quarter, exceeding consensus estimates by $0.09, with revenues of $1.78 billion, reflecting a 2.5% year-over-year increase.
• The company declared a quarterly dividend of $0.31 per share, scheduled for payment on September 30th, with a dividend yield of 0.7%.

Jacobs Levy Equity Management Inc. purchased a new position in shares of AMETEK, Inc. (NYSE:AME - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 423,331 shares of the technology company's stock, valued at approximately $72,872,000. Jacobs Levy Equity Management Inc. owned 0.18% of AMETEK at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Gotham Asset Management LLC increased its stake in AMETEK by 102.1% during the first quarter. Gotham Asset Management LLC now owns 72,418 shares of the technology company's stock worth $12,466,000 after purchasing an additional 36,591 shares during the period. Edmond DE Rothschild Holding S.A. increased its stake in shares of AMETEK by 35.0% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,700 shares of the technology company's stock worth $465,000 after buying an additional 700 shares during the period. EdgePoint Investment Group Inc. increased its stake in shares of AMETEK by 4.6% during the first quarter. EdgePoint Investment Group Inc. now owns 2,353,339 shares of the technology company's stock worth $405,104,000 after buying an additional 102,542 shares during the period. Curi RMB Capital LLC increased its stake in shares of AMETEK by 8.4% during the first quarter. Curi RMB Capital LLC now owns 248,604 shares of the technology company's stock worth $42,795,000 after buying an additional 19,222 shares during the period. Finally, Banque Transatlantique SA increased its stake in shares of AMETEK by 830.3% during the first quarter. Banque Transatlantique SA now owns 1,935 shares of the technology company's stock worth $308,000 after buying an additional 1,727 shares during the period. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank Of Canada upped their target price on shares of AMETEK from $209.00 to $212.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. DA Davidson upped their target price on shares of AMETEK from $210.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Melius Research upgraded shares of AMETEK to a "hold" rating in a research note on Monday, July 14th. Morgan Stanley upped their target price on shares of AMETEK from $185.00 to $198.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Finally, Robert W. Baird upped their target price 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. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.45.

AMETEK Stock Performance

Shares of AME stock traded down $1.29 during trading hours on Tuesday, hitting $187.38. The stock had a trading volume of 934,298 shares, compared to its average volume of 1,356,397. The firm has a market capitalization of $43.28 billion, a PE ratio of 30.17, a PEG ratio of 2.70 and a beta of 1.10. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $198.33. The stock's 50 day moving average is $182.78 and its 200 day moving average is $177.00. 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 posted its quarterly earnings data on Thursday, July 31st. The technology company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.09. The business 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 company's revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $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, research analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 15th. AMETEK's dividend payout ratio is presently 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.