NorthCrest Asset Manangement LLC Grows Position in AMETEK, Inc. $AME

NorthCrest Asset Manangement LLC raised its holdings in shares of AMETEK, Inc. (NYSE:AME) by 28.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 5,183 shares of the technology company’s stock after purchasing an additional 1,137 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in AMETEK were worth $955,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bares Capital Management Inc. purchased a new stake in shares of AMETEK during the first quarter worth $26,000. Olde Wealth Management LLC purchased a new stake in shares of AMETEK during the first quarter worth $29,000. Annis Gardner Whiting Capital Advisors LLC grew 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 worth $33,000 after buying an additional 71 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of AMETEK during the first quarter worth $42,000. Finally, Costello Asset Management INC purchased a new stake in shares of AMETEK during the first quarter worth $43,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

AMETEK Trading Down 0.5%

NYSE AME opened at $187.81 on Friday. The firm’s 50-day moving average is $183.88 and its two-hundred day moving average is $177.25. AMETEK, Inc. has a 12 month low of $145.02 and a 12 month high of $198.33. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.04. The stock has a market capitalization of $43.37 billion, a P/E ratio of 30.24, a PEG ratio of 2.71 and a beta of 1.10.

AMETEK (NYSE:AME) last posted its earnings results on Thursday, July 31st. The technology company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.09. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the company posted $1.66 earnings per share. AMETEK’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, sell-side 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 will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.31 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.24 dividend on an annualized basis and a yield of 0.7%. AMETEK’s dividend payout ratio is presently 19.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AME shares. Barclays assumed coverage on shares of AMETEK in a report on Wednesday, September 10th. They set an “equal weight” rating and a $200.00 target price for the company. Melius lowered shares of AMETEK from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a report on Monday, July 14th. Royal Bank Of Canada upped their price objective on shares of AMETEK from $209.00 to $212.00 and gave the company an “outperform” rating in a report on Friday, August 1st. DA Davidson upped their price objective on shares of AMETEK from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Mizuho upped their price objective on shares of AMETEK from $212.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $205.00.

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.