Retirement Planning Co of New England Inc. Purchases Shares of 5,750 AMETEK, Inc. $AME

Key Points

• Retirement Planning Co of New England Inc. acquired 5,750 shares of AMETEK, Inc. for approximately $990,000 in the first quarter of 2023.
• Analysts have shown a positive outlook on AMETEK, with various firms raising their price targets, including Truist Financial and KeyCorp, suggesting a strong buy sentiment.
• AMETEK announced a quarterly dividend of $0.31 per share, indicating a 0.7% dividend yield and a payout ratio of 19.97%.

Retirement Planning Co of New England Inc. bought a new stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 5,750 shares of the technology company's stock, valued at approximately $990,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of AMETEK by 1.3% during the first quarter. Vanguard Group Inc. now owns 26,484,263 shares of the technology company's stock worth $4,559,001,000 after buying an additional 336,491 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of AMETEK by 21.1% during 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 buying an additional 1,908,742 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of AMETEK by 2.8% during the first quarter. JPMorgan Chase & Co. now owns 5,747,368 shares of the technology company's stock worth $989,352,000 after buying an additional 154,682 shares in the last quarter. Flossbach Von Storch SE grew its holdings in shares of AMETEK by 1.2% during the first quarter. Flossbach Von Storch SE now owns 3,770,066 shares of the technology company's stock worth $648,979,000 after buying an additional 45,714 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of AMETEK by 127.2% during the first quarter. Invesco Ltd. now owns 3,479,397 shares of the technology company's stock worth $598,943,000 after buying an additional 1,947,831 shares in the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on AME shares. Melius cut 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. Royal Bank Of Canada upped their price objective on AMETEK from $209.00 to $212.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Mizuho upped their price objective on AMETEK from $212.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. TD Cowen raised shares of AMETEK from a "sell" rating to a "hold" rating and lifted their price target for the company from $158.00 to $180.00 in a research report on Tuesday. Finally, Morgan Stanley lifted their price target 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. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $205.45.

AMETEK Stock Performance

AME stock traded down $0.80 during trading on Wednesday, hitting $184.01. 892,045 shares of the company's stock traded hands, compared to its average volume of 1,084,547. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $198.33. The stock has a fifty day moving average price of $182.22 and a two-hundred day moving average price of $177.04. The stock has a market capitalization of $42.50 billion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.69 by $0.09. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.74 billion. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The company's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter 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. As a group, equities analysts anticipate that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Dividend Announcement

The company also recently declared 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 is Monday, September 15th. This represents a $1.24 annualized dividend and a dividend yield of 0.7%. AMETEK's dividend payout ratio is currently 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.