Woodline Partners LP Increases Stock Position in AMETEK, Inc. $AME

Key Points

• Woodline Partners LP increased its stock position in AMETEK, Inc. by 127.5%, acquiring a total of 78,156 shares valued at approximately $13.45 million by the end of the quarter.
• AMETEK reported a quarterly earnings per share (EPS) of $1.78, surpassing analysts' estimates, along with a revenue increase of 2.5% year-over-year, which demonstrates the company's strong financial performance.
• The company declared a quarterly dividend of $0.31 per share, resulting in an annual yield of 0.7%, with a low dividend payout ratio of 19.97%.

Woodline Partners LP lifted its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 127.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 78,156 shares of the technology company's stock after purchasing an additional 43,799 shares during the period. Woodline Partners LP's holdings in AMETEK were worth $13,454,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Bares Capital Management Inc. purchased a new stake in shares of AMETEK in the 1st quarter worth approximately $26,000. Olde Wealth Management LLC purchased a new stake in shares of AMETEK in the 1st quarter worth approximately $29,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of AMETEK by 57.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company's stock worth $33,000 after purchasing an additional 71 shares during the period. Zions Bancorporation National Association UT purchased a new stake in shares of AMETEK in the 1st quarter worth approximately $42,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in shares of AMETEK in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 87.43% of the company's stock.

AMETEK Trading Down 0.0%

NYSE AME opened at $187.43 on Thursday. The company has a fifty day simple moving average of $182.98 and a two-hundred day simple moving average of $177.14. The stock has a market cap of $43.29 billion, a P/E ratio of 30.18, a P/E/G ratio of 2.70 and a beta of 1.10. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month 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.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share (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 net margin of 20.60% and a return on equity of 16.53%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company 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. On average, analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 15th. AMETEK's dividend payout ratio is presently 19.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. DA Davidson increased their target price 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. Melius cut shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 target price for the company. in a research report on Monday, July 14th. Melius Research raised shares of AMETEK to a "hold" rating in a research report on Monday, July 14th. Mizuho increased their target price 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. Finally, Robert W. Baird increased their target price on shares of AMETEK from $190.00 to $198.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, AMETEK 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.

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