Mountain Pacific Investment Advisers LLC Lowers Stock Position in AMETEK, Inc. $AME

Key Points

• Mountain Pacific Investment Advisers LLC reduced its stake in AMETEK, Inc. by 2.3%, retaining 355,710 shares, which makes up approximately 4.7% of its portfolio.
• A variety of hedge funds have adjusted their investments in AMETEK, with Banco Santander S.A. increasing its stake by 20.8% in the first quarter.
• AMETEK reported a quarterly EPS of $1.78, surpassing analysts' expectations, and declared a dividend of $0.31 per share, reflecting a 0.7% yield.

Mountain Pacific Investment Advisers LLC decreased its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 355,710 shares of the technology company's stock after selling 8,216 shares during the quarter. AMETEK accounts for about 4.7% of Mountain Pacific Investment Advisers LLC's investment portfolio, making the stock its 3rd largest position. Mountain Pacific Investment Advisers LLC owned approximately 0.15% of AMETEK worth $64,369,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Banco Santander S.A. increased its stake in AMETEK by 20.8% in the 1st quarter. Banco Santander S.A. now owns 45,365 shares of the technology company's stock worth $7,809,000 after buying an additional 7,799 shares in the last quarter. M.D. Sass LLC increased its holdings in AMETEK by 2.1% in the 1st quarter. M.D. Sass LLC now owns 366,994 shares of the technology company's stock valued at $63,174,000 after acquiring an additional 7,666 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in AMETEK by 0.8% in 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 in the last quarter. Raiffeisen Bank International AG boosted its position in shares of AMETEK by 16.5% during the 1st quarter. Raiffeisen Bank International AG now owns 44,647 shares of the technology company's stock valued at $7,607,000 after acquiring an additional 6,318 shares during the last quarter. Finally, Sowell Financial Services LLC bought 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.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Melius Research raised shares of AMETEK to a "hold" rating in a research note on Monday, July 14th. Royal Bank Of Canada lifted their price objective on shares of AMETEK from $209.00 to $212.00 and gave the company an "outperform" rating in a report on Friday, August 1st. TD Cowen upgraded shares of AMETEK from a "sell" rating to a "hold" rating and boosted their price objective for the stock from $158.00 to $180.00 in a research note on Tuesday, September 2nd. DA Davidson increased their price objective on AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Barclays initiated coverage on AMETEK in a research report on Wednesday, September 10th. They issued an "equal weight" rating and a $200.00 price objective for the company. Seven equities research 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 an average rating of "Moderate Buy" and a consensus target price of $205.00.

AMETEK Trading Down 0.2%

AME stock opened at $187.56 on Thursday. The business's 50-day moving average is $185.21 and its 200 day moving average is $177.64. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month high of $198.33. The stock has a market cap of $43.32 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 2.70 and a beta of 1.11. 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 issued its earnings results on Thursday, July 31st. The technology company reported $1.78 EPS for the quarter, beating 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 company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business 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. On average, sell-side analysts anticipate that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid 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 was 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.

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