Korea Investment CORP Boosts Stock Position in AMETEK, Inc. $AME

Key Points

• Korea Investment CORP has increased its holdings in AMETEK, Inc. by 24.0%, owning 194,104 shares valued at approximately $33.4 million as of the latest quarter.
• Several institutional investors are actively investing in AMETEK, with 87.43% of the stock now owned by hedge funds and other institutions.
• AMETEK reported strong quarterly earnings, with an EPS of $1.78, surpassing estimates, and declared a quarterly dividend of $0.31 scheduled for payment on September 30th.

Korea Investment CORP boosted its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 24.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 194,104 shares of the technology company's stock after purchasing an additional 37,606 shares during the quarter. Korea Investment CORP owned about 0.08% of AMETEK worth $33,413,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Olde Wealth Management LLC acquired a new position in AMETEK in the first quarter valued at approximately $29,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of AMETEK by 57.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company's stock valued at $33,000 after acquiring an additional 71 shares during the period. Banque Transatlantique SA acquired a new stake in shares of AMETEK in the fourth quarter valued at approximately $37,000. Zions Bancorporation National Association UT acquired a new stake in shares of AMETEK in the first quarter valued at approximately $42,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in shares of AMETEK in the fourth quarter valued at approximately $43,000. 87.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AME shares. Melius Research raised AMETEK to a "hold" rating in a report on Monday, July 14th. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. KeyCorp increased their price target on AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Robert W. Baird increased their price target on AMETEK from $190.00 to $198.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. Finally, Truist Financial increased their price target on AMETEK from $196.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $208.00.

AMETEK Price Performance

Shares of AME stock traded down $1.7260 during mid-day trading on Monday, reaching $185.2240. The stock had a trading volume of 154,396 shares, compared to its average volume of 1,365,805. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month high of $198.33. The company has a market cap of $42.78 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 2.69 and a beta of 1.10. The business has a 50-day simple moving average of $181.08 and a 200 day simple moving average of $176.95. 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 (NYSE:AME - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share 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 business 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 business's revenue for the quarter 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. On average, sell-side analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Announces Dividend

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