AMETEK, Inc. $AME Shares Sold by NFJ Investment Group LLC

Key Points

• NFJ Investment Group LLC reduced its stake in AMETEK, Inc. by 9.0% in the first quarter, ending with a holding valued at $7.24 million.
• AMETEK recently announced a quarterly dividend of $0.31 per share, set to be paid on September 30th, with a yield of 0.7%.
• The company's recent earnings exceeded analyst expectations, reporting $1.78 EPS against an estimate of $1.69, indicating a year-over-year revenue growth of 2.5%.

NFJ Investment Group LLC decreased its position in AMETEK, Inc. (NYSE:AME - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,075 shares of the technology company's stock after selling 4,160 shares during the period. NFJ Investment Group LLC's holdings in AMETEK were worth $7,243,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AME. Bares Capital Management Inc. purchased a new stake in AMETEK in the first quarter valued at $26,000. Olde Wealth Management LLC acquired a new stake in shares of AMETEK during the 1st quarter worth about $29,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in AMETEK by 57.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company's stock valued at $33,000 after buying an additional 71 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in AMETEK during the first quarter worth about $42,000. Finally, Minot DeBlois Advisors LLC purchased a new position in AMETEK during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 87.43% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Melius cut shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective for the company. in a research report on Monday, July 14th. TD Cowen upgraded AMETEK from a "sell" rating to a "hold" rating and raised their price target for the stock from $158.00 to $180.00 in a research report on Tuesday, September 2nd. Robert W. Baird boosted their price objective on AMETEK from $190.00 to $198.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Melius Research upgraded AMETEK to a "hold" rating in a report on Monday, July 14th. Finally, KeyCorp boosted their price target on shares of AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Seven research 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $205.00.

AMETEK Stock Performance

NYSE AME traded down $0.69 on Wednesday, reaching $186.79. The stock had a trading volume of 310,915 shares, compared to its average volume of 1,350,157. The stock has a market cap of $43.14 billion, a P/E ratio of 30.06, a price-to-earnings-growth ratio of 2.71 and a beta of 1.10. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month high of $198.33. The business's 50-day moving average price is $182.87 and its 200 day moving average price is $177.07. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.63.

AMETEK (NYSE:AME - Get Free Report) last announced 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. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The business had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same period in the previous year, the company posted $1.66 EPS. The company's quarterly revenue was up 2.5% on a year-over-year basis. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. As a group, equities analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.31 dividend. 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 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.