ARK Investment Management LLC Sells 648 Shares of AMETEK, Inc. $AME

ARK Investment Management LLC lessened its position in shares of AMETEK, Inc. (NYSE:AMEFree Report) by 8.8% in the second quarter, Holdings Channel.com reports. The firm owned 6,743 shares of the technology company’s stock after selling 648 shares during the period. ARK Investment Management LLC’s holdings in AMETEK were worth $1,220,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. lifted its position in AMETEK by 11.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 3,314 shares of the technology company’s stock worth $600,000 after buying an additional 349 shares in the last quarter. Wallace Advisory Group LLC lifted its position in AMETEK by 15.4% during the 2nd quarter. Wallace Advisory Group LLC now owns 1,656 shares of the technology company’s stock worth $285,000 after buying an additional 221 shares in the last quarter. Bogart Wealth LLC lifted its position in AMETEK by 2.2% during the 2nd quarter. Bogart Wealth LLC now owns 22,667 shares of the technology company’s stock worth $4,102,000 after buying an additional 487 shares in the last quarter. Stephens Inc. AR increased its stake in shares of AMETEK by 2.4% during the 2nd quarter. Stephens Inc. AR now owns 38,363 shares of the technology company’s stock worth $6,942,000 after purchasing an additional 895 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its stake in shares of AMETEK by 15.0% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,519 shares of the technology company’s stock worth $457,000 after purchasing an additional 328 shares during the last quarter. 87.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. DA Davidson boosted their price objective on shares of AMETEK from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Mizuho upped their price target on shares of AMETEK from $212.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. TD Cowen upgraded shares of AMETEK from a “sell” rating to a “hold” rating and upped their price target for the company from $158.00 to $180.00 in a research note on Tuesday, September 2nd. Truist Financial upped their price target on shares of AMETEK from $219.00 to $229.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, Morgan Stanley upped their price target 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. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $207.42.

Read Our Latest Analysis on AME

AMETEK Stock Performance

NYSE AME opened at $184.96 on Thursday. The firm has a market capitalization of $42.72 billion, a price-to-earnings ratio of 29.78, a P/E/G ratio of 2.70 and a beta of 1.11. 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 firm’s 50 day simple moving average is $185.82 and its 200 day simple moving average is $178.82. AMETEK, Inc. has a 1 year low of $145.02 and a 1 year high of $198.33.

AMETEK (NYSE:AMEGet Free Report) last issued its quarterly earnings data on Thursday, July 31st. The technology company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.69 by $0.09. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.74 billion. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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, research analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, September 15th. AMETEK’s dividend payout ratio (DPR) is currently 19.97%.

AMETEK Profile

(Free Report)

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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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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