MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stock Holdings in AMETEK, Inc. $AME

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in AMETEK, Inc. by 23.8%, holding a total of 41,585 shares worth approximately $7.16 million.
• Analysts have set a consensus target price of $205.00 for AMETEK, with seven analysts rating it as a "Buy" and another seven as a "Hold."
• AMETEK announced a quarterly dividend of $0.31 per share, which will be paid to investors of record on September 15, representing an annualized dividend yield of 0.7%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 23.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,585 shares of the technology company's stock after purchasing an additional 7,987 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in AMETEK were worth $7,158,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. DAVENPORT & Co LLC lifted its stake in shares of AMETEK by 0.8% during the 1st quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company's stock worth $1,226,000 after purchasing an additional 60 shares during the last quarter. Alps Advisors Inc. increased its position in AMETEK by 1.0% during the 1st 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 increased its position in AMETEK by 4.9% during the 1st 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 increased its position in AMETEK by 0.3% during the 1st quarter. Buckhead Capital Management LLC now owns 22,830 shares of the technology company's stock valued at $3,930,000 after buying an additional 65 shares in the last quarter. Finally, Signaturefd LLC increased its position 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 buying an additional 67 shares in the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AME has been the topic of several recent analyst reports. Robert W. Baird upped their target price on AMETEK from $190.00 to $198.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Melius lowered AMETEK from a "buy" rating to a "hold" rating and set a $192.00 target price on the stock. in a research report on Monday, July 14th. Barclays initiated coverage on AMETEK in a research report on Wednesday. They set an "equal weight" rating and a $200.00 target price on the stock. TD Cowen raised AMETEK from a "sell" rating to a "hold" rating and upped their target price for the company from $158.00 to $180.00 in a research report on Tuesday, September 2nd. Finally, Melius Research raised AMETEK to a "hold" rating in a research report on Monday, July 14th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, AMETEK currently has an average rating of "Moderate Buy" and a consensus target price of $205.00.

AMETEK Stock Down 0.0%

Shares of AME stock opened at $187.43 on Thursday. The stock's 50-day simple moving average is $182.98 and its 200-day simple moving average is $177.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.63. The firm has a market capitalization of $43.29 billion, a PE ratio of 30.18, a P/E/G ratio of 2.70 and a beta of 1.10. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $1.78 billion for 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% on a year-over-year basis. During the same period in the prior year, the company earned $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. Equities analysts expect 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. Investors of record on Monday, September 15th will be issued a dividend of $0.31 per share. 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 dividend payout ratio (DPR) 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.

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