Norinchukin Bank The Has $2.15 Million Holdings in AMETEK, Inc. $AME

Key Points

• Norinchukin Bank has increased its stake in AMETEK, Inc. by 15.8%, now owning 12,503 shares worth approximately $2,152,000 as of its latest SEC filing.
• Several hedge funds, including Olde Wealth Management and Annis Gardner Whiting Capital Advisors, have recently adjusted their positions in AMETEK, contributing to institutional investors owning 87.43% of the company's stock.
• AMETEK reported a quarterly earnings beat with an EPS of $1.78, and also announced a quarterly dividend of $0.31 per share, representing an annualized yield of 0.7%.

Norinchukin Bank The lifted its position in AMETEK, Inc. (NYSE:AME - Free Report) by 15.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,503 shares of the technology company's stock after acquiring an additional 1,710 shares during the period. Norinchukin Bank The's holdings in AMETEK were worth $2,152,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AME. Bank Pictet & Cie Europe AG increased its position in shares of AMETEK by 23.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 183,024 shares of the technology company's stock worth $32,992,000 after acquiring an additional 34,866 shares in the last quarter. Marshall Wace LLP increased its position in shares of AMETEK by 300.4% in the fourth quarter. Marshall Wace LLP now owns 19,219 shares of the technology company's stock worth $3,464,000 after acquiring an additional 14,419 shares in the last quarter. First Trust Advisors LP grew its position in AMETEK by 51.0% during the fourth quarter. First Trust Advisors LP now owns 95,550 shares of the technology company's stock valued at $17,224,000 after purchasing an additional 32,251 shares in the last quarter. MGO One Seven LLC purchased a new position in AMETEK during the fourth quarter valued at approximately $247,000. Finally, T. Rowe Price Investment Management Inc. grew its position in AMETEK by 118.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 63,657 shares of the technology company's stock valued at $11,475,000 after purchasing an additional 34,465 shares in the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AME has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of AMETEK from $185.00 to $198.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. DA Davidson boosted their price objective on shares of AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Truist Financial boosted their price objective on shares of AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Melius downgraded shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective on the stock. in a research report on Monday, July 14th. Finally, Robert W. Baird boosted their target price on shares of AMETEK from $190.00 to $198.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $208.00.

AMETEK Stock Performance

Shares of AMETEK stock traded down $0.04 on Wednesday, reaching $186.74. The stock had a trading volume of 1,049,293 shares, compared to its average volume of 1,370,183. The business's 50-day moving average price is $181.44 and its two-hundred day moving average price is $177.02. 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, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $198.33. The stock has a market cap of $43.13 billion, a P/E ratio of 30.07, a price-to-earnings-growth ratio of 2.67 and a beta of 1.10.

AMETEK (NYSE:AME - Get Free Report) last issued 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. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The business had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same period in the previous year, the company earned $1.66 earnings per share. AMETEK's revenue for the quarter 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. On average, sell-side analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, September 15th. AMETEK's payout ratio is presently 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.