T. Rowe Price Investment Management Inc. Sells 30,531 Shares of AMETEK, Inc. $AME

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in AMETEK, Inc. by 48.0%, selling 30,531 shares and holding 33,126 shares valued at approximately $5.7 million at the end of the reporting period.
• AMETEK reported a quarterly EPS of $1.78, exceeding analyst estimates, with a revenue of $1.78 billion showing a 2.5% year-over-year increase.
• The company declared a quarterly dividend of $0.31 per share, reflecting a 0.7% yield and a 19.97% payout ratio.

T. Rowe Price Investment Management Inc. decreased its position in AMETEK, Inc. (NYSE:AME - Free Report) by 48.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,126 shares of the technology company's stock after selling 30,531 shares during the quarter. T. Rowe Price Investment Management Inc.'s holdings in AMETEK were worth $5,703,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. boosted its stake in AMETEK by 127.2% in the first quarter. Invesco Ltd. now owns 3,479,397 shares of the technology company's stock valued at $598,943,000 after acquiring an additional 1,947,831 shares in the last quarter. Lazard Asset Management LLC increased its holdings in AMETEK by 393.1% in the fourth quarter. Lazard Asset Management LLC now owns 1,215,087 shares of the technology company's stock valued at $219,030,000 after buying an additional 968,661 shares in the last quarter. GAMMA Investing LLC grew its position in shares of AMETEK by 18,368.3% in the first quarter. GAMMA Investing LLC now owns 973,280 shares of the technology company's stock valued at $167,540,000 after purchasing an additional 968,010 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in AMETEK during the first quarter worth approximately $113,317,000. Finally, Alteri Wealth LLC purchased a new position in AMETEK during the fourth quarter worth approximately $114,769,000. Institutional investors and hedge funds own 87.43% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AME. Wall Street Zen raised shares of AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Morgan Stanley boosted their price target on shares of AMETEK from $185.00 to $198.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Mizuho boosted their target price on shares of AMETEK from $212.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Robert W. Baird lifted their target price on shares of AMETEK from $190.00 to $198.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Finally, Royal Bank Of Canada boosted their price objective on shares of AMETEK from $209.00 to $212.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $208.00.

AMETEK Price Performance

Shares of AMETEK stock traded down $1.96 during mid-day trading on Friday, reaching $184.77. 327,951 shares of the stock were exchanged, compared to its average volume of 1,362,809. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $198.33. The firm has a 50-day simple moving average of $181.81 and a 200 day simple moving average of $177.10. 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 company has a market cap of $42.67 billion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 2.69 and a beta of 1.10.

AMETEK (NYSE:AME - Get Free Report) last issued 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. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The company had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter in the previous year, the company earned $1.66 EPS. AMETEK'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, sell-side analysts predict that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued 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 is Monday, September 15th. AMETEK's payout ratio is presently 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.