Envestnet Asset Management Inc. Reduces Stake in AMETEK, Inc. $AME

Envestnet Asset Management Inc. cut its holdings in shares of AMETEK, Inc. (NYSE:AME) by 7.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 257,474 shares of the technology company’s stock after selling 21,999 shares during the quarter. Envestnet Asset Management Inc.’s holdings in AMETEK were worth $46,593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AME. Mather Group LLC. increased its stake in shares of AMETEK by 37.6% in the first quarter. Mather Group LLC. now owns 1,878 shares of the technology company’s stock worth $323,000 after acquiring an additional 513 shares during the period. DAVENPORT & Co LLC boosted its holdings in AMETEK by 0.8% in the first 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 during the last quarter. Aaron Wealth Advisors LLC boosted its holdings in AMETEK by 24.2% in the first quarter. Aaron Wealth Advisors LLC now owns 1,568 shares of the technology company’s stock valued at $270,000 after purchasing an additional 306 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of AMETEK by 18.6% in the 1st quarter. Teacher Retirement System of Texas now owns 110,619 shares of the technology company’s stock valued at $19,042,000 after buying an additional 17,387 shares during the period. Finally, Mutual Advisors LLC boosted its stake in shares of AMETEK by 2.6% in the first quarter. Mutual Advisors LLC now owns 4,061 shares of the technology company’s stock worth $677,000 after buying an additional 104 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Stock Up 2.1%

AME stock opened at $202.51 on Friday. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $204.15. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. The firm has a 50-day simple moving average of $186.73 and a 200-day simple moving average of $180.59. The stock has a market capitalization of $46.77 billion, a P/E ratio of 32.61, a P/E/G ratio of 2.64 and a beta of 1.11.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company posted $1.66 EPS. AMETEK’s quarterly revenue was up 10.8% compared to the same quarter last year. AMETEK has set its Q4 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.320-7.370 EPS. Equities analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, September 15th. AMETEK’s dividend payout ratio is currently 19.56%.

Analysts Set New Price Targets

Several research analysts recently weighed in on AME shares. DA Davidson lifted their price target on AMETEK from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 1st. KeyCorp raised their price objective on shares of AMETEK from $205.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial lifted their target price on shares of AMETEK from $219.00 to $229.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Royal Bank Of Canada raised their price target on shares of AMETEK from $212.00 to $229.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Morgan Stanley upped their price objective on shares of AMETEK from $185.00 to $198.00 and gave the stock an “equal weight” rating in a research report on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.50.

AMETEK Company 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.