AMETEK, Inc. $AME Shares Purchased by Summit Financial LLC

Summit Financial LLC boosted its holdings in AMETEK, Inc. (NYSE:AME) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,451 shares of the technology company’s stock after purchasing an additional 89 shares during the quarter. Summit Financial LLC’s holdings in AMETEK were worth $594,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Olde Wealth Management LLC acquired a new position in shares of AMETEK during the first quarter valued at $29,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of AMETEK by 57.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company’s stock valued at $33,000 after acquiring an additional 71 shares during the period. Banque Transatlantique SA acquired a new position in shares of AMETEK during the fourth quarter valued at $37,000. Minot DeBlois Advisors LLC acquired a new position in shares of AMETEK during the fourth quarter valued at $43,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of AMETEK during the first quarter valued at $42,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Stock Performance

AME stock opened at $186.7590 on Monday. The company has a market capitalization of $43.13 billion, a P/E ratio of 30.07, a PEG ratio of 2.69 and a beta of 1.10. The company has a 50-day simple moving average of $181.08 and a 200 day simple moving average of $176.95. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $198.33. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 0.15.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, July 31st. The technology company reported $1.78 earnings per share for the quarter, topping 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 company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.66 earnings per share. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. Sell-side analysts predict that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 15th. AMETEK’s dividend payout ratio is presently 19.97%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AME shares. Truist Financial boosted their price target on shares of AMETEK from $196.00 to $200.00 and gave the company a “buy” rating in a report on Monday, May 5th. Mizuho boosted their price target on shares of AMETEK from $212.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Melius downgraded shares of AMETEK from a “buy” rating to a “hold” rating and set a $192.00 price target for the company. in a report on Monday, July 14th. Royal Bank Of Canada boosted 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. Finally, KeyCorp boosted their price target on shares of AMETEK from $195.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, AMETEK currently has a consensus rating of “Hold” and an average target price of $208.00.

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.