Northwestern Mutual Wealth Management Co. Increases Stake in AMETEK, Inc. $AME

Key Points

• Northwestern Mutual Wealth Management Co. increased its holdings in AMETEK, Inc. by 77.6%, acquiring an additional 5,967 shares, bringing their total to 13,660 shares valued at $2,351,000.
• Several institutional investors have modified their positions in AMETEK, with Banco Santander S.A. increasing its stake by 20.8% and now owning 45,365 shares valued at approximately $7.8 million.
• AMETEK reported an earnings per share of $1.78 for the last quarter, beating analysts' expectations, with a forecast of 7.15 EPS for the current fiscal year and announcing a quarterly dividend of $0.31 per share.

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 77.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,660 shares of the technology company's stock after purchasing an additional 5,967 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in AMETEK were worth $2,351,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Olde Wealth Management LLC purchased a new position in AMETEK during the first quarter valued at approximately $29,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of AMETEK by 57.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company's stock worth $33,000 after buying an additional 71 shares during the period. Banque Transatlantique SA bought a new stake in shares of AMETEK during the 4th quarter worth $37,000. Zions Bancorporation National Association UT acquired a new position in AMETEK during the 1st quarter valued at $42,000. Finally, Minot DeBlois Advisors LLC acquired a new position in AMETEK during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 87.43% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AME shares. DA Davidson increased their price objective on shares of AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Wall Street Zen raised shares of AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Mizuho raised their target price on shares of AMETEK from $212.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. KeyCorp increased their price target on shares of AMETEK from $195.00 to $205.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Robert W. Baird raised their target price on shares of AMETEK from $190.00 to $198.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.45.

AMETEK Trading Down 1.0%

Shares of AMETEK stock traded down $1.78 on Wednesday, reaching $183.03. 331,640 shares of the company's stock were exchanged, compared to its average volume of 1,356,953. The company has a market capitalization of $42.27 billion, a P/E ratio of 29.48, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $198.33. The firm's 50-day moving average is $182.22 and its two-hundred day moving average is $177.04. 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 issued its earnings results 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 company 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%.AMETEK's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm 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. Sell-side analysts predict that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 0.7%. AMETEK's dividend payout ratio (DPR) is currently 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.