Flossbach Von Storch SE boosted its stake in shares of AMETEK, Inc. (NYSE:AME – Free Report) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,785,676 shares of the technology company’s stock after buying an additional 15,610 shares during the period. AMETEK makes up about 2.8% of Flossbach Von Storch SE’s investment portfolio, making the stock its 16th largest holding. Flossbach Von Storch SE owned 1.64% of AMETEK worth $685,056,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in AMETEK by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 279,473 shares of the technology company’s stock worth $48,108,000 after buying an additional 6,658 shares during the last quarter. TD Private Client Wealth LLC increased its position in shares of AMETEK by 23.4% during the first quarter. TD Private Client Wealth LLC now owns 950 shares of the technology company’s stock valued at $164,000 after acquiring an additional 180 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in AMETEK in the 1st quarter worth approximately $240,000. Greenleaf Trust lifted its position in AMETEK by 3.2% in the 1st quarter. Greenleaf Trust now owns 4,183 shares of the technology company’s stock valued at $720,000 after acquiring an additional 131 shares in the last quarter. Finally, Leavell Investment Management Inc. boosted its stake in AMETEK by 2.3% during the 1st quarter. Leavell Investment Management Inc. now owns 4,372 shares of the technology company’s stock valued at $753,000 after purchasing an additional 98 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. DA Davidson boosted their price target on AMETEK from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Royal Bank Of Canada boosted their target price on AMETEK from $212.00 to $229.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of AMETEK in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Truist Financial increased their price objective on shares of AMETEK from $219.00 to $229.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $211.00.
Insider Buying and Selling
In other AMETEK news, insider Ronald J. Oscher sold 26,290 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $200.05, for a total value of $5,259,314.50. Following the completion of the sale, the insider owned 40,226 shares in the company, valued at $8,047,211.30. This represents a 39.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.57% of the stock is currently owned by insiders.
AMETEK Stock Performance
AME opened at $196.23 on Friday. The company’s 50 day moving average is $187.88 and its 200 day moving average is $182.13. 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 $45.17 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 2.64 and a beta of 1.12. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month high of $204.15.
AMETEK (NYSE:AME – Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.13. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.81 billion. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm earned $1.66 earnings per share. AMETEK has set its Q4 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.320-7.370 EPS. On average, equities research analysts predict that AMETEK, Inc. will post 7.15 EPS for the current year.
AMETEK Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, December 5th. AMETEK’s payout ratio is currently 19.56%.
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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