L. Roy Papp & Associates LLP Raises Stock Holdings in AMETEK, Inc. $AME

Key Points

• L. Roy Papp & Associates LLP increased its holdings in AMETEK, Inc. by 16.2% in Q2, now owning 37,106 shares valued at approximately $6.7 million.
• AMETEK's recent quarterly earnings exceeded analysts' expectations, reporting $1.78 EPS against a consensus of $1.69, with revenue of $1.78 billion.
• A number of analysts have raised their price targets for AMETEK, with an average target now at $207.42, reflecting a sentiment of a "Moderate Buy" rating.

L. Roy Papp & Associates LLP raised its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 16.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,106 shares of the technology company's stock after purchasing an additional 5,168 shares during the quarter. L. Roy Papp & Associates LLP's holdings in AMETEK were worth $6,715,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Callan Family Office LLC acquired a new stake in AMETEK during the 2nd quarter valued at approximately $441,000. Allegiance Financial Group Advisory Services LLC acquired a new stake in AMETEK during the 2nd quarter valued at approximately $219,000. Maryland State Retirement & Pension System grew its stake in AMETEK by 3.8% during the 2nd quarter. Maryland State Retirement & Pension System now owns 11,197 shares of the technology company's stock valued at $2,026,000 after purchasing an additional 405 shares in the last quarter. First Merchants Corp grew its stake in AMETEK by 5.9% during the 2nd quarter. First Merchants Corp now owns 30,489 shares of the technology company's stock valued at $5,517,000 after purchasing an additional 1,696 shares in the last quarter. Finally, Navera Investment Management Ltd. grew its stake in AMETEK by 3.1% during the 2nd quarter. Navera Investment Management Ltd. now owns 808,859 shares of the technology company's stock valued at $146,353,000 after purchasing an additional 24,622 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

AMETEK Stock Up 0.1%

Shares of AMETEK stock opened at $183.31 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The business's 50 day simple moving average is $185.65 and its 200-day simple moving average is $177.91. The stock has a market capitalization of $42.34 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 2.63 and a beta of 1.11. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $198.33.

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, topping analysts' consensus estimates of $1.69 by $0.09. The business had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.74 billion. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.66 EPS. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. Equities research analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AME shares. KeyCorp raised 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. Melius Research raised AMETEK to a "hold" rating in a report on Monday, July 14th. Mizuho increased their target price on AMETEK from $212.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. DA Davidson increased their target price on AMETEK from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Melius lowered shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 target price for the company. in a research note on Monday, July 14th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $207.42.

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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