Versor Investments LP Sells 1,455 Shares of AMETEK, Inc. $AME

Key Points

• Versor Investments LP reduced its holding in AMETEK, Inc. by 24.9%, now owning 4,387 shares valued at approximately $755,000.
• Despite Versor's reduction, other institutional investors have increased their stakes, with Banco Santander S.A. growing its ownership by 20.8% to 45,365 shares.
• AMETEK recently reported strong quarterly earnings, beating consensus estimates with an earnings per share of $1.78 and revenue of $1.78 billion, representing a 2.5% year-over-year increase.

Versor Investments LP lowered its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 24.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,387 shares of the technology company's stock after selling 1,455 shares during the quarter. Versor Investments LP's holdings in AMETEK were worth $755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

A number of analysts recently commented on AME shares. Truist Financial upped their price objective on AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Mizuho upped their price objective on AMETEK from $212.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Morgan Stanley upped their price objective on AMETEK from $185.00 to $198.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. Wall Street Zen upgraded AMETEK from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, KeyCorp upped their price objective on AMETEK from $195.00 to $205.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $208.00.

AMETEK Stock Performance

AME traded up $0.0580 during midday trading on Thursday, reaching $183.3980. The company had a trading volume of 1,030,422 shares, compared to its average volume of 1,460,113. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average of $180.88 and a two-hundred day moving average of $176.97. The company has a market cap of $42.36 billion, a P/E ratio of 29.53, a P/E/G ratio of 2.64 and a beta of 1.10. AMETEK, Inc. has a 1 year low of $145.02 and a 1 year high of $198.33.

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 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 return on equity of 16.53% and a net margin of 20.60%.The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $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. As a group, equities research analysts predict that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 0.7%. AMETEK's dividend payout ratio is 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.