Fifth Third Bancorp Has $1.25 Million Stake in AMETEK, Inc. $AME

Fifth Third Bancorp lowered its stake in AMETEK, Inc. (NYSE:AME) by 8.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,925 shares of the technology company’s stock after selling 645 shares during the period. Fifth Third Bancorp’s holdings in AMETEK were worth $1,253,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of AME. Invesco Ltd. increased its stake in shares of AMETEK by 127.2% in the 1st quarter. Invesco Ltd. now owns 3,479,397 shares of the technology company’s stock valued at $598,943,000 after buying an additional 1,947,831 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in AMETEK by 21.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,970,047 shares of the technology company’s stock valued at $1,888,385,000 after acquiring an additional 1,908,742 shares during the last quarter. GAMMA Investing LLC increased its position in 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 period. Compagnie Lombard Odier SCmA bought a new stake in AMETEK during the 1st quarter worth about $113,317,000. Finally, Nuveen LLC acquired a new position in AMETEK during the 1st quarter valued at about $94,051,000. Institutional investors own 87.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AME shares. Robert W. Baird boosted their price target on shares of AMETEK from $190.00 to $198.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Royal Bank Of Canada upped their target price on shares of AMETEK from $209.00 to $212.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Mizuho increased their price target on AMETEK from $212.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. TD Cowen raised AMETEK from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $158.00 to $180.00 in a research note on Tuesday, September 2nd. Finally, DA Davidson increased their target price on AMETEK from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $205.00.

AMETEK Stock Performance

Shares of AMETEK stock opened at $186.58 on Friday. The stock’s fifty day simple moving average is $184.73 and its 200 day simple moving average is $177.39. 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 capitalization of $43.09 billion, a PE ratio of 30.04, a PEG ratio of 2.68 and a beta of 1.10. AMETEK, Inc. has a 12 month low of $145.02 and a 12 month high of $198.33.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.09. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the company earned $1.66 earnings per share. The company’s revenue for the quarter 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. On average, research analysts predict that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.24 annualized dividend and a dividend yield of 0.7%. AMETEK’s dividend payout ratio is currently 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.