TD Asset Management Inc Buys 13,709 Shares of AMETEK, Inc. $AME

TD Asset Management Inc increased its stake in AMETEK, Inc. (NYSE:AME) by 12.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 120,713 shares of the technology company’s stock after purchasing an additional 13,709 shares during the period. TD Asset Management Inc owned approximately 0.05% of AMETEK worth $21,844,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of AME. Banco Santander S.A. increased its holdings in AMETEK by 20.8% in the 1st quarter. Banco Santander S.A. now owns 45,365 shares of the technology company’s stock valued at $7,809,000 after buying an additional 7,799 shares during the period. M.D. Sass LLC boosted its position in shares of AMETEK by 2.1% during the 1st quarter. M.D. Sass LLC now owns 366,994 shares of the technology company’s stock worth $63,174,000 after acquiring an additional 7,666 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of AMETEK by 0.8% in the 1st quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company’s stock valued at $1,226,000 after purchasing an additional 60 shares in the last quarter. Raiffeisen Bank International AG raised its holdings in shares of AMETEK by 16.5% during the 1st quarter. Raiffeisen Bank International AG now owns 44,647 shares of the technology company’s stock worth $7,607,000 after buying an additional 6,318 shares in the last quarter. Finally, Sowell Financial Services LLC acquired a new position in shares of AMETEK during the 1st quarter worth $293,000. Institutional investors own 87.43% of the company’s stock.

Analyst Upgrades and Downgrades

AME has been the topic of a number of recent analyst reports. Morgan Stanley lifted their target price on AMETEK from $185.00 to $198.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Royal Bank Of Canada lifted their price target on shares of AMETEK from $209.00 to $212.00 and gave the company an “outperform” rating in a report on Friday, August 1st. KeyCorp increased their price objective on shares of AMETEK from $195.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Barclays initiated coverage on shares of AMETEK in a research note on Wednesday, September 10th. They set an “equal weight” rating and a $200.00 target price on the stock. Finally, 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. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, AMETEK presently has an average rating of “Moderate Buy” and an average price target of $207.42.

AMETEK Stock Performance

NYSE:AME opened at $185.66 on Friday. The stock’s 50-day moving average is $185.69 and its 200-day moving average is $178.30. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year 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. The stock has a market cap of $42.88 billion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 2.65 and a beta of 1.11.

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

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.24 annualized dividend and a yield of 0.7%. AMETEK’s payout ratio is presently 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.