ZWJ Investment Counsel Inc. Buys 13,550 Shares of AMETEK, Inc. $AME

Key Points

• ZWJ Investment Counsel Inc. increased its stake in AMETEK, Inc. by 14.9%, acquiring an additional 13,550 shares during the second quarter, bringing its total holdings to 104,330 shares worth approximately $18.88 million.
• AMETEK reported a quarterly earnings per share of $1.78, exceeding the consensus estimate of $1.69, with revenue of $1.78 billion for the quarter, a 2.5% increase year-over-year.
• The company declared a $0.31 quarterly dividend, with a current yield of 0.7% and a dividend payout ratio of 19.97%.

ZWJ Investment Counsel Inc. raised its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 14.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,330 shares of the technology company's stock after purchasing an additional 13,550 shares during the period. ZWJ Investment Counsel Inc.'s holdings in AMETEK were worth $18,880,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bares Capital Management Inc. acquired a new position in shares of AMETEK in the 1st quarter valued at $26,000. ST Germain D J Co. Inc. raised its stake in shares of AMETEK by 628.6% in the 2nd quarter. ST Germain D J Co. Inc. now owns 153 shares of the technology company's stock valued at $28,000 after buying an additional 132 shares in the last quarter. Olde Wealth Management LLC acquired a new position in shares of AMETEK in the 1st quarter valued at $29,000. Annis Gardner Whiting Capital Advisors LLC raised its stake 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 valued at $33,000 after buying an additional 71 shares in the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in shares of AMETEK in the 1st quarter valued at $42,000. 87.43% of the stock is owned by institutional investors.

AMETEK Trading Down 1.3%

AME opened at $183.76 on Friday. 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 stock has a market capitalization of $42.44 billion, a PE ratio of 29.59, a PEG ratio of 2.68 and a beta of 1.11. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year high of $198.33. The firm has a 50-day moving average price of $185.41 and a two-hundred day moving average price of $177.74.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings data 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. The firm 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 company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.66 EPS. 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 analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 15th. AMETEK's dividend payout ratio (DPR) is presently 19.97%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AME shares. Morgan Stanley increased their price objective on shares of AMETEK from $185.00 to $198.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. Royal Bank Of Canada increased their price objective on shares of AMETEK from $209.00 to $212.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Weiss Ratings reiterated a "buy (b)" rating on shares of AMETEK in a research report on Saturday, September 27th. Barclays started 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 for the company. Finally, Robert W. Baird increased 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. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $205.00.

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.

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