Janney Montgomery Scott LLC Sells 4,142 Shares of AMETEK, Inc. $AME

Key Points

• Janney Montgomery Scott LLC has reduced its stake in AMETEK, Inc. by 7.7%, selling 4,142 shares, and owns 49,454 shares valued at approximately $8.95 million.
• AMETEK's quarterly earnings exceeded expectations with an EPS of $1.78, surpassing analysts' estimates of $1.69, alongside a revenue of $1.78 billion, reflecting a year-over-year increase of 2.5%.
• The company recently declared a quarterly dividend of $0.31, representing an annualized yield of 0.7% and a dividend payout ratio of 19.97%.

Janney Montgomery Scott LLC reduced its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 7.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,454 shares of the technology company's stock after selling 4,142 shares during the period. Janney Montgomery Scott LLC's holdings in AMETEK were worth $8,949,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AME. NBC Securities Inc. grew its position in AMETEK by 101,500.0% during the first quarter. NBC Securities Inc. now owns 1,016 shares of the technology company's stock valued at $174,000 after acquiring an additional 1,015 shares during the last quarter. Merit Financial Group LLC grew its position in AMETEK by 310.1% during the first quarter. Merit Financial Group LLC now owns 5,877 shares of the technology company's stock valued at $1,012,000 after acquiring an additional 4,444 shares during the last quarter. Procyon Advisors LLC grew its position in AMETEK by 6.4% during the first quarter. Procyon Advisors LLC now owns 2,283 shares of the technology company's stock valued at $393,000 after acquiring an additional 137 shares during the last quarter. Congress Asset Management Co. grew its position in AMETEK by 0.9% during the first quarter. Congress Asset Management Co. now owns 78,625 shares of the technology company's stock valued at $13,534,000 after acquiring an additional 682 shares during the last quarter. Finally, Gateway Investment Advisers LLC grew its position in AMETEK by 3.5% during the first quarter. Gateway Investment Advisers LLC now owns 8,656 shares of the technology company's stock valued at $1,490,000 after acquiring an additional 296 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors.

AMETEK Stock Performance

Shares of AME stock opened at $183.76 on Friday. The stock has a fifty day moving average of $185.41 and a 200 day moving average of $177.75. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $198.33. The firm has a market capitalization of $42.44 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 2.64 and a beta of 1.11. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 0.15.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.09. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the firm 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. As a group, research analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.24 dividend on an annualized basis and a yield of 0.7%. AMETEK's dividend payout ratio (DPR) is presently 19.97%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. TD Cowen upgraded shares of AMETEK from a "sell" rating to a "hold" rating and increased their price target for the company from $158.00 to $180.00 in a research report on Tuesday, September 2nd. DA Davidson increased their price objective on AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Mizuho increased their price objective on AMETEK from $212.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Weiss Ratings reissued a "buy (b)" rating on shares of AMETEK in a research note on Saturday, September 27th. Finally, KeyCorp increased their price objective on AMETEK from $195.00 to $205.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $205.00.

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.

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