AMETEK, Inc. $AME Shares Sold by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB has decreased its stake in AMETEK, Inc. by 1.8%, bringing its total holdings to 72,891 shares valued at approximately $12.5 million.
• AMETEK recently reported a quarterly earnings per share (EPS) of $1.78, surpassing analysts' expectations of $1.69, and showed a year-over-year revenue increase of 2.5%.
• The company announced a quarterly dividend of $0.31 per share, set to be paid on September 30, with a dividend yield of 0.7% based on an annualized rate of $1.24.

Lansforsakringar Fondforvaltning AB publ reduced its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 1.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,891 shares of the technology company's stock after selling 1,354 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in AMETEK were worth $12,547,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AME. Bank Pictet & Cie Europe AG lifted its position in shares of AMETEK by 23.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 183,024 shares of the technology company's stock worth $32,992,000 after purchasing an additional 34,866 shares during the period. Boothbay Fund Management LLC lifted its position in shares of AMETEK by 48.4% in the 4th quarter. Boothbay Fund Management LLC now owns 1,971 shares of the technology company's stock worth $355,000 after purchasing an additional 643 shares during the period. AQR Capital Management LLC lifted its position in shares of AMETEK by 13.2% in the 4th quarter. AQR Capital Management LLC now owns 91,600 shares of the technology company's stock worth $16,512,000 after purchasing an additional 10,677 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of AMETEK by 81.5% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 158,185 shares of the technology company's stock worth $28,514,000 after purchasing an additional 71,007 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of AMETEK in the 4th quarter worth approximately $1,598,000. 87.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. DA Davidson upped their price target on shares of AMETEK from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. TD Cowen raised shares of AMETEK from a "sell" rating to a "hold" rating and upped their price target for the stock from $158.00 to $180.00 in a research report on Tuesday. Robert W. Baird increased their target price on shares of AMETEK from $190.00 to $198.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Royal Bank Of Canada increased their target price on shares of AMETEK from $209.00 to $212.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Melius cut shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 target price for the company. in a research report on Monday, July 14th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, AMETEK has a consensus rating of "Moderate Buy" and a consensus price target of $205.45.

AMETEK Stock Performance

Shares of NYSE AME traded down $1.61 during midday trading on Wednesday, reaching $183.20. The company had a trading volume of 357,485 shares, compared to its average volume of 1,357,151. The business's 50-day simple moving average is $182.22 and its 200 day simple moving average is $177.04. The stock has a market cap of $42.31 billion, a P/E ratio of 29.51, a P/E/G ratio of 2.66 and a beta of 1.10. AMETEK, Inc. has a 1 year low of $145.02 and a 1 year high of $198.33. 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 posted its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.09. The business had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.74 billion. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $1.66 earnings per share. 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 forecast that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.31 dividend. The ex-dividend date 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 is presently 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.