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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bares Capital Management Inc. bought a new position in AMETEK in the first quarter worth approximately $26,000. Olde Wealth Management LLC bought a new position in AMETEK in the first quarter worth approximately $29,000. Annis Gardner Whiting Capital Advisors LLC grew its stake 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 worth $33,000 after purchasing an additional 71 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in AMETEK in the first quarter worth approximately $42,000. Finally, Minot DeBlois Advisors LLC bought a new position in AMETEK in the fourth quarter worth approximately $43,000. Institutional investors own 87.43% of the company's stock.

AMETEK Stock Down 0.2%

Shares of AMETEK stock traded down $0.47 during trading on Friday, reaching $187.41. The company's stock had a trading volume of 1,064,297 shares, compared to its average volume of 1,036,038. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. The company has a market cap of $43.28 billion, a price-to-earnings ratio of 30.18, a P/E/G ratio of 2.70 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 50-day simple moving average of $182.63 and a two-hundred day simple moving average of $176.98.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The technology company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.09. The firm had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.74 billion. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.66 EPS. 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 forecast that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.24 dividend on an annualized basis and a yield of 0.7%. AMETEK's payout ratio is currently 19.97%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Melius cut 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. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Melius Research raised AMETEK to a "hold" rating in a research report on Monday, July 14th. TD Cowen raised AMETEK from a "sell" rating to a "hold" rating and increased their target price for the company from $158.00 to $180.00 in a research report on Tuesday, September 2nd. Finally, KeyCorp increased their target price on AMETEK from $195.00 to $205.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $205.45.

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.