Swedbank AB Has $14.89 Million Stock Position in AMETEK, Inc. $AME

Swedbank AB increased its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 8.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,255 shares of the technology company's stock after buying an additional 6,126 shares during the period. Swedbank AB's holdings in AMETEK were worth $14,885,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AME. Bares Capital Management Inc. acquired a new position in AMETEK during the 1st quarter valued at about $26,000. Olde Wealth Management LLC acquired a new position in AMETEK during the 1st quarter valued at about $29,000. Annis Gardner Whiting Capital Advisors LLC lifted 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 period. Zions Bancorporation National Association UT acquired a new position in AMETEK during the 1st quarter valued at about $42,000. Finally, Costello Asset Management INC acquired a new position in AMETEK during the 1st quarter valued at about $43,000. Institutional investors and hedge funds own 87.43% of the company's stock.

AMETEK Price Performance

NYSE:AME opened at $187.81 on Friday. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year high of $198.33. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $183.88 and a 200 day simple moving average of $177.19. The stock has a market capitalization of $43.37 billion, a PE ratio of 30.24, a P/E/G ratio of 2.70 and a beta of 1.10.

AMETEK (NYSE:AME - Get Free Report) last released 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 business had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same period last year, the business earned $1.66 earnings per share. The firm's 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. On average, research analysts expect that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have issued reports on AME. Barclays began coverage on shares of AMETEK in a research report on Wednesday, September 10th. They set an "equal weight" rating and a $200.00 target price on the stock. Royal Bank Of Canada upped their price target on AMETEK from $209.00 to $212.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Mizuho upped their price target on AMETEK from $212.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Robert W. Baird upped their price target on AMETEK from $190.00 to $198.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. Finally, Melius Research raised AMETEK to a "hold" rating in a research note on Monday, July 14th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, AMETEK presently has an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.