United Services Automobile Association Buys Shares of 5,384 AMETEK, Inc. $AME

Key Points

• United Services Automobile Association acquired 5,384 shares of AMETEK, Inc., valued at approximately $917,000, marking a new investment in the technology company.
• AMETEK has announced a quarterly dividend of $0.31 per share, with an annualized yield of 0.7% and a dividend payout ratio of 19.97%.
• Research analysts have set new price targets for AMETEK, with many raising their estimates, resulting in an average target price of $205.45 and a consensus rating of "Moderate Buy."

United Services Automobile Association purchased a new stake in AMETEK, Inc. (NYSE:AME - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 5,384 shares of the technology company's stock, valued at approximately $917,000.

Several other large investors also recently modified their holdings of the business. DAVENPORT & Co LLC boosted its stake in shares of AMETEK by 0.8% during the 1st quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company's stock worth $1,226,000 after acquiring an additional 60 shares in the last quarter. Alps Advisors Inc. grew its position in AMETEK by 1.0% during the 1st quarter. Alps Advisors Inc. now owns 6,260 shares of the technology company's stock worth $1,078,000 after purchasing an additional 60 shares in the last quarter. EWA LLC grew its position in AMETEK by 4.9% during the 1st quarter. EWA LLC now owns 1,382 shares of the technology company's stock worth $238,000 after purchasing an additional 65 shares in the last quarter. Buckhead Capital Management LLC grew its holdings in shares of AMETEK by 0.3% during the 1st quarter. Buckhead Capital Management LLC now owns 22,830 shares of the technology company's stock valued at $3,930,000 after acquiring an additional 65 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of AMETEK by 1.5% during the 1st quarter. Signaturefd LLC now owns 4,625 shares of the technology company's stock valued at $796,000 after acquiring an additional 67 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AME. Robert W. Baird lifted their price objective on shares of AMETEK from $190.00 to $198.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. Barclays began coverage on shares of AMETEK in a research report on Wednesday. They set an "equal weight" rating and a $200.00 target price for the company. KeyCorp boosted their target price on shares of AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. DA Davidson upped their price objective on shares of AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Mizuho upped their price objective on shares of AMETEK from $212.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $205.00.

AMETEK Price Performance

Shares of NYSE AME traded down $2.08 during mid-day trading on Friday, hitting $189.95. 813,138 shares of the stock were exchanged, compared to its average volume of 1,349,196. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $198.33. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.63. The stock's fifty day simple moving average is $183.14 and its two-hundred day simple moving average is $177.19. The company has a market cap of $43.87 billion, a P/E ratio of 30.59, a PEG ratio of 2.69 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, 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 for the quarter, compared to analysts' expectations of $1.74 billion. During the same period in the prior year, the firm earned $1.66 earnings per share. AMETEK's revenue was up 2.5% compared to the same quarter last year. 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, analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

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