Strs Ohio Takes $41.76 Million Position in AMETEK, Inc. $AME

Key Points

• Strs Ohio has invested approximately $41.76 million in AMETEK, Inc., acquiring 242,568 shares as of the latest SEC filing.
• AMETEK recently reported a quarterly EPS of $1.78, exceeding analysts' expectations, alongside a revenue of $1.78 billion, up 2.5% year-over-year.
• The company declared a quarterly dividend of $0.31 per share with a yield of 0.6%, highlighting a dividend payout ratio of approximately 20%.

Strs Ohio purchased a new position in shares of AMETEK, Inc. (NYSE:AME - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 242,568 shares of the technology company's stock, valued at approximately $41,756,000. Strs Ohio owned approximately 0.11% of AMETEK at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AME. Invesco Ltd. raised its position 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 in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of AMETEK by 21.1% during the 1st 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. GAMMA Investing LLC grew its stake in shares of AMETEK by 18,368.3% in the 1st quarter. GAMMA Investing LLC now owns 973,280 shares of the technology company's stock worth $167,540,000 after purchasing an additional 968,010 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of AMETEK in the 1st quarter worth approximately $113,317,000. Finally, Nuveen LLC acquired a new position in shares of AMETEK in the 1st quarter worth approximately $94,051,000. 87.43% of the stock is currently owned by institutional investors.

AMETEK Stock Down 1.1%

AME traded down $2.08 on Friday, reaching $189.95. 813,138 shares of the company traded hands, compared to its average volume of 1,035,186. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.04. The company has a market cap of $43.87 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 2.73 and a beta of 1.10. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $198.33. The stock's 50 day moving average price is $183.25 and its 200-day moving average price is $177.13.

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 analysts' consensus estimates of $1.69 by $0.09. The business had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.74 billion. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. AMETEK's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company 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. On average, sell-side analysts expect that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The firm 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 payout ratio is currently 19.97%.

Wall Street Analyst Weigh In

AME has been the topic of several recent research reports. KeyCorp lifted their price objective on shares of 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 objective on shares of AMETEK from $212.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Morgan Stanley lifted their price objective on shares of AMETEK from $185.00 to $198.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Barclays initiated coverage on shares of AMETEK in a research note on Wednesday. They issued an "equal weight" rating and a $200.00 price objective on the stock. Finally, Melius Research raised shares of AMETEK to a "hold" rating in a research note on Monday, July 14th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $205.00.

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.