Price T Rowe Associates Inc. MD Has $1.89 Billion Holdings in AMETEK, Inc. $AME

Key Points

• Price T Rowe Associates Inc. MD increased its stake in AMETEK, Inc. by 21.1%, now holding 10,970,047 shares valued at approximately $1.88 billion.
• Several analysts recently raised their price targets for AMETEK, with a consensus target now at $208.00 and a consensus rating of "Hold."
• AMETEK announced a quarterly dividend of $0.31 per share, with a dividend yield of 0.7%, set to be paid on September 30th.

Price T Rowe Associates Inc. MD grew its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 21.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,970,047 shares of the technology company's stock after purchasing an additional 1,908,742 shares during the period. Price T Rowe Associates Inc. MD owned approximately 4.75% of AMETEK worth $1,888,385,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Olde Wealth Management LLC acquired a new position in AMETEK in the first quarter valued at about $29,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of AMETEK by 57.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company's stock valued at $33,000 after acquiring an additional 71 shares during the period. Banque Transatlantique SA acquired a new position in shares of AMETEK in the 4th quarter worth approximately $37,000. Zions Bancorporation National Association UT purchased a new position in shares of AMETEK during the 1st quarter worth approximately $42,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in AMETEK in the 4th quarter valued at approximately $43,000. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Stock Performance

AME traded down $1.30 during trading on Monday, hitting $185.65. The stock had a trading volume of 949,965 shares, compared to its average volume of 1,368,148. 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, Inc. has a 12 month low of $145.02 and a 12 month high of $198.33. The company has a 50 day simple moving average of $181.08 and a 200-day simple moving average of $176.95. The firm has a market cap of $42.88 billion, a PE ratio of 29.90, a P/E/G ratio of 2.69 and a beta of 1.10.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The technology company reported $1.78 earnings per share (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 company had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter in the prior year, the company posted $1.66 EPS. The business's 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. Analysts expect that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Dividend Announcement

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 given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, September 15th. AMETEK's dividend payout ratio (DPR) is presently 19.97%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Morgan Stanley raised their price target on AMETEK from $185.00 to $198.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Robert W. Baird increased their target price on AMETEK from $190.00 to $198.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. DA Davidson lifted their target price on AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Wall Street Zen raised shares of AMETEK from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Melius lowered shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective for the company. in a research note on Monday, July 14th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $208.00.

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.