Raymond James Financial Inc. Increases Stake in AMETEK, Inc. $AME

Key Points

• Raymond James Financial Inc. increased its stake in AMETEK, Inc. by 3.1%, owning approximately 0.16% of the company, valued at $63.5 million after purchasing an additional 11,001 shares in the 1st quarter.
• Wall Street analysts have expressed optimism about AMETEK, with several firms raising their target prices; the consensus target price now stands at $208.00 and the stock has received seven Buy ratings.
• AMETEK reported a strong earnings performance with $1.78 earnings per share for the most recent quarter, surpassing estimates, and announced a quarterly dividend of $0.31 to be paid on September 30th.

Raymond James Financial Inc. boosted its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 3.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 369,164 shares of the technology company's stock after purchasing an additional 11,001 shares during the quarter. Raymond James Financial Inc. owned about 0.16% of AMETEK worth $63,548,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. KeyCorp upped their target price on shares of AMETEK from $195.00 to $205.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Melius Research upgraded shares of AMETEK to a "hold" rating in a research note on Monday, July 14th. Royal Bank Of Canada upped their target price on shares of AMETEK from $209.00 to $212.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Robert W. Baird upped their target price on shares of AMETEK from $190.00 to $198.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. Finally, Truist Financial upped their target price on shares of AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $208.00.

AMETEK Price Performance

Shares of NYSE:AME opened at $183.1980 on Thursday. The firm's 50 day moving average price is $180.81 and its 200-day moving average price is $176.97. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $198.33. 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 stock has a market capitalization of $42.31 billion, a PE ratio of 29.50, 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 the consensus estimate 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 analysts' expectations of $1.74 billion. During the same quarter in the prior year, the business earned $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. Equities research analysts expect that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, September 15th. AMETEK's dividend payout ratio is 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.

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