Kayne Anderson Rudnick Investment Management LLC Increases Stake in AMETEK, Inc. $AME

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its stake in AMETEK, Inc. by 1.6%, holding approximately 1.79 million shares valued at about $308.1 million as of its latest SEC filing.
• Multiple hedge funds have significantly boosted their positions in AMETEK, with Invesco and Price T Rowe Associates increasing their holdings by 127.2% and 21.1%, respectively, during the 1st quarter.
• AMETEK's recent earnings report exceeded analysts' expectations, with a net margin of 20.60% and a revenue increase of 2.5% year-over-year, while the company also announced a quarterly dividend of $0.31 per share.

Kayne Anderson Rudnick Investment Management LLC raised its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,789,871 shares of the technology company's stock after purchasing an additional 28,559 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 0.78% of AMETEK worth $308,108,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. DAVENPORT & Co LLC raised its position in AMETEK by 0.8% in the first quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company's stock valued at $1,226,000 after purchasing an additional 60 shares during the period. Alps Advisors Inc. grew its stake in shares of AMETEK by 1.0% in the first quarter. Alps Advisors Inc. now owns 6,260 shares of the technology company's stock valued at $1,078,000 after buying an additional 60 shares in the last quarter. EWA LLC grew its stake in shares of AMETEK by 4.9% in the first quarter. EWA LLC now owns 1,382 shares of the technology company's stock valued at $238,000 after buying an additional 65 shares in the last quarter. Buckhead Capital Management LLC lifted its stake in AMETEK by 0.3% during the 1st quarter. Buckhead Capital Management LLC now owns 22,830 shares of the technology company's stock worth $3,930,000 after acquiring an additional 65 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in AMETEK by 1.5% during the 1st quarter. Signaturefd LLC now owns 4,625 shares of the technology company's stock valued at $796,000 after acquiring an additional 67 shares during the period. Institutional investors and hedge funds own 87.43% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AME. Robert W. Baird boosted their price target 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. Melius cut AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective on the stock. in a research note on Monday, July 14th. Wall Street Zen upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. 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 report on Friday, August 1st. Finally, Melius Research upgraded AMETEK to a "hold" rating in a research report on Monday, July 14th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $208.00.

AMETEK Price Performance

Shares of AME traded up $0.25 during mid-day trading on Thursday, hitting $186.80. The company's stock had a trading volume of 846,327 shares, compared to its average volume of 1,369,230. 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 has a market capitalization of $43.14 billion, a P/E ratio of 30.08, a P/E/G ratio of 2.69 and a beta of 1.10. The firm has a 50-day simple moving average of $181.62 and a 200 day simple moving average of $177.09.

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 the consensus estimate of $1.74 billion. During the same quarter last year, the company earned $1.66 earnings per share. AMETEK's quarterly 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. Analysts predict that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The company 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 $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 15th. AMETEK's 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.