Meiji Yasuda Asset Management Co Ltd. Trims Holdings in AMETEK, Inc. $AME

Key Points

• Meiji Yasuda Asset Management Co Ltd. reduced its stake in AMETEK, Inc. by 3.7%, owning 39,501 shares after selling 1,497 shares, valued at approximately $6.8 million.
• Several hedge funds have recently adjusted their holdings in AMETEK, indicating strong institutional interest, with 87.43% of the stock owned by institutional investors.
• AMETEK plans to pay a quarterly dividend of $0.31 per share on September 30th, representing a 0.7% dividend yield and a payout ratio of 19.97%.

Meiji Yasuda Asset Management Co Ltd. trimmed its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 3.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,501 shares of the technology company's stock after selling 1,497 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.'s holdings in AMETEK were worth $6,800,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Banco Santander S.A. increased its position in shares of AMETEK by 20.8% during the first quarter. Banco Santander S.A. now owns 45,365 shares of the technology company's stock valued at $7,809,000 after acquiring an additional 7,799 shares during the last quarter. M.D. Sass LLC increased its position 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 during the last quarter. DAVENPORT & Co LLC increased 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 worth $1,226,000 after buying an additional 60 shares during the last quarter. Raiffeisen Bank International AG increased its position in AMETEK by 16.5% in the first quarter. Raiffeisen Bank International AG now owns 44,647 shares of the technology company's stock worth $7,607,000 after buying an additional 6,318 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in AMETEK in the first quarter worth $293,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Royal Bank Of Canada raised 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. KeyCorp raised 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 raised 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. Barclays assumed coverage on AMETEK in a report on Wednesday. They issued an "equal weight" rating and a $200.00 price target for the company. Finally, DA Davidson raised their price target on AMETEK from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, AMETEK presently has a consensus rating of "Moderate Buy" and a consensus price target of $205.00.

AMETEK Price Performance

AME stock traded up $4.69 during mid-day trading on Thursday, hitting $192.10. 1,119,243 shares of the stock were exchanged, compared to its average volume of 1,352,294. 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 business has a fifty day moving average price of $182.98 and a 200 day moving average price of $177.14. AMETEK, Inc. has a 12 month low of $145.02 and a 12 month high of $198.33. The stock has a market capitalization of $44.37 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 2.70 and a beta of 1.10.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.09. The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.74 billion. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The company's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous 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, sell-side analysts anticipate that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.31 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. AMETEK's payout ratio is currently 19.97%.

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.