Rafferty Asset Management LLC Reduces Stock Position in AMETEK, Inc. $AME

Key Points

• Rafferty Asset Management LLC reduced its stake in AMETEK, Inc. by 20%, now holding 17,273 shares worth approximately $2.97 million.
• Brokerages have given AMETEK a consensus rating of "Hold" with a price target of $208, while some analysts upgraded their ratings to "Buy."
• AMETEK reported a quarterly EPS of $1.78, beating estimates and showing a 2.5% increase in revenue compared to the previous year.

Rafferty Asset Management LLC lessened its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 20.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,273 shares of the technology company's stock after selling 4,328 shares during the quarter. Rafferty Asset Management LLC's holdings in AMETEK were worth $2,973,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. lifted its stake in shares of AMETEK by 127.2% in the 1st quarter. Invesco Ltd. now owns 3,479,397 shares of the technology company's stock worth $598,943,000 after purchasing an additional 1,947,831 shares during the period. Price T Rowe Associates Inc. MD raised its position in AMETEK by 21.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,970,047 shares of the technology company's stock worth $1,888,385,000 after acquiring an additional 1,908,742 shares during the period. Lazard Asset Management LLC boosted its stake in shares of AMETEK by 393.1% during the 4th quarter. Lazard Asset Management LLC now owns 1,215,087 shares of the technology company's stock worth $219,030,000 after acquiring an additional 968,661 shares during the last quarter. GAMMA Investing LLC grew its position in shares of AMETEK by 18,368.3% during the 1st quarter. GAMMA Investing LLC now owns 973,280 shares of the technology company's stock valued at $167,540,000 after acquiring an additional 968,010 shares during the period. Finally, Compagnie Lombard Odier SCmA purchased a new stake in shares of AMETEK in the 1st quarter worth $113,317,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

AMETEK Price Performance

AME traded down $1.61 during trading hours on Wednesday, hitting $183.20. The company's stock had a trading volume of 357,485 shares, compared to its average volume of 1,357,151. The stock has a market cap of $42.31 billion, a price-to-earnings ratio of 29.51, a P/E/G ratio of 2.66 and a beta of 1.10. The business's 50-day moving average price is $182.22 and its 200-day moving average price is $177.04. 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.

AMETEK (NYSE:AME - Get Free Report) last posted 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. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the firm posted $1.66 EPS. The business'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. Sell-side analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Melius lowered AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price target for the company. in a report on Monday, July 14th. Mizuho raised their price objective on AMETEK from $212.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Morgan Stanley raised their price objective on AMETEK from $185.00 to $198.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. DA Davidson raised their price objective on AMETEK from $210.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, KeyCorp raised their price objective on 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 six have assigned a Hold rating to the company. Based on data from MarketBeat, AMETEK 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.