JLB & Associates Inc. Cuts Stock Holdings in AMETEK, Inc. $AME

Key Points

• JLB & Associates Inc. reduced its stake in AMETEK, Inc. by 6.0% in the second quarter, now holding 61,106 shares valued at approximately $11 million.
• Several hedge funds increased their holdings in AMETEK, including Banco Santander S.A. and M.D. Sass LLC, indicating strong institutional interest as they own 87.43% of the company's stock.
• Equities analysts have raised their price targets for AMETEK, with a consensus target price of $205.00, and the stock currently has a consensus rating of "Moderate Buy".

JLB & Associates Inc. trimmed its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,106 shares of the technology company's stock after selling 3,918 shares during the period. AMETEK makes up approximately 1.5% of JLB & Associates Inc.'s portfolio, making the stock its 27th biggest holding. JLB & Associates Inc.'s holdings in AMETEK were worth $11,058,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AME. Banco Santander S.A. lifted its stake in AMETEK by 20.8% during the first quarter. Banco Santander S.A. now owns 45,365 shares of the technology company's stock worth $7,809,000 after purchasing an additional 7,799 shares during the last quarter. M.D. Sass LLC boosted its stake in AMETEK by 2.1% in the first quarter. M.D. Sass LLC now owns 366,994 shares of the technology company's stock worth $63,174,000 after buying an additional 7,666 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of AMETEK by 0.8% in the 1st quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company's stock worth $1,226,000 after acquiring an additional 60 shares during the last quarter. Raiffeisen Bank International AG lifted its holdings in shares of AMETEK by 16.5% in the 1st quarter. Raiffeisen Bank International AG now owns 44,647 shares of the technology company's stock worth $7,607,000 after acquiring an additional 6,318 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in shares of AMETEK in the 1st quarter valued at $293,000. Hedge funds and other institutional investors own 87.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of AMETEK from $185.00 to $198.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Royal Bank Of Canada lifted their price target on AMETEK from $209.00 to $212.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. KeyCorp raised their target price on shares of AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. TD Cowen raised shares of AMETEK from a "sell" rating to a "hold" rating and raised their price target for the stock from $158.00 to $180.00 in a report on Tuesday, September 2nd. Finally, Barclays began coverage on shares of AMETEK in a research note on Wednesday, September 10th. They set an "equal weight" rating and a $200.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.00.

AMETEK Stock Performance

Shares of AME opened at $186.65 on Tuesday. AMETEK, Inc. has a one year low of $145.02 and a one year high of $198.33. The company has a 50-day simple moving average of $184.90 and a two-hundred day simple moving average of $177.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.04. The firm has a market capitalization of $43.11 billion, a PE ratio of 30.06, a price-to-earnings-growth ratio of 2.68 and a beta of 1.10.

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

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.7%. AMETEK's dividend payout ratio (DPR) is currently 19.97%.

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.

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