S Bank Fund Management Ltd Takes $1.95 Million Position in AMETEK, Inc. $AME

Key Points

• S Bank Fund Management Ltd recently acquired a new stake in AMETEK, Inc., purchasing 10,754 shares valued at approximately $1.95 million.
• AMETEK reported quarterly earnings of $1.78 per share, exceeding analysts' estimates, with revenue reaching $1.78 billion, a 2.5% year-over-year increase.
• Multiple research analysts have raised their price targets for AMETEK, with the average target now set at $207.42 and a consensus rating of "Moderate Buy".

S Bank Fund Management Ltd purchased a new stake in AMETEK, Inc. (NYSE:AME - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,754 shares of the technology company's stock, valued at approximately $1,946,000.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of AMETEK by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 26,484,263 shares of the technology company's stock valued at $4,559,001,000 after purchasing an additional 336,491 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of AMETEK by 21.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,970,047 shares of the technology company's stock valued at $1,888,385,000 after purchasing an additional 1,908,742 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of AMETEK by 2.8% in the 1st quarter. JPMorgan Chase & Co. now owns 5,747,368 shares of the technology company's stock valued at $989,352,000 after purchasing an additional 154,682 shares in the last quarter. Flossbach Von Storch SE raised its stake in shares of AMETEK by 1.2% during the 1st 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 during the last quarter. Finally, Invesco Ltd. raised its stake in shares of AMETEK by 127.2% during the 1st 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 during the last quarter. Hedge funds and other institutional investors own 87.43% of the company's stock.

AMETEK Trading Down 0.1%

Shares of AME stock opened at $185.60 on Thursday. The firm has a 50-day moving average price of $185.57 and a 200 day moving average price of $178.12. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $198.33. The company has a market capitalization of $42.87 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 2.67 and a beta of 1.11. 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 (NYSE:AME - Get Free Report) last announced its earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company posted $1.66 EPS. The firm's revenue for the quarter 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. Research analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.7%. AMETEK's dividend payout ratio is currently 19.97%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AME shares. KeyCorp lifted their price target on AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Mizuho lifted their price target on AMETEK from $212.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Melius Research raised AMETEK to a "hold" rating in a research note on Monday, July 14th. DA Davidson lifted their price target on AMETEK from $210.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Melius downgraded AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price target for the company. in a research note on Monday, July 14th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $207.42.

AMETEK Company 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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