DAVENPORT & Co LLC Reduces Stake in AMETEK, Inc. $AME

DAVENPORT & Co LLC decreased its stake in shares of AMETEK, Inc. (NYSE:AME) by 2.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,932 shares of the technology company’s stock after selling 193 shares during the period. DAVENPORT & Co LLC’s holdings in AMETEK were worth $1,254,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Banco Santander S.A. raised its holdings in shares of 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 acquiring an additional 7,799 shares in the last quarter. M.D. Sass LLC raised its holdings in shares of AMETEK by 2.1% in the 1st quarter. M.D. Sass LLC now owns 366,994 shares of the technology company’s stock valued at $63,174,000 after acquiring an additional 7,666 shares in the last quarter. Raiffeisen Bank International AG raised its holdings in shares of AMETEK by 16.5% in the 1st quarter. Raiffeisen Bank International AG now owns 44,647 shares of the technology company’s stock valued at $7,607,000 after acquiring an additional 6,318 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of AMETEK in the 1st quarter valued at about $293,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of AMETEK by 10.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 115,194 shares of the technology company’s stock valued at $19,829,000 after acquiring an additional 10,685 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

AMETEK Stock Performance

Shares of NYSE AME opened at $179.28 on Friday. The stock’s 50-day moving average is $185.60 and its 200 day moving average is $177.91. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year high of $198.33. The stock has a market cap of $41.40 billion, a price-to-earnings ratio of 28.87, a P/E/G ratio of 2.63 and a beta of 1.11.

AMETEK (NYSE:AME) last posted its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.09. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the company earned $1.66 EPS. 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 EPS for the current fiscal year.

AMETEK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 15th. AMETEK’s dividend payout ratio (DPR) is presently 19.97%.

Analysts Set New Price Targets

Several analysts have weighed in on AME shares. Melius cut AMETEK from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a report on Monday, July 14th. Barclays started coverage on AMETEK in a report on Wednesday, September 10th. They issued an “equal weight” rating and a $200.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AMETEK in a report on Wednesday. DA Davidson raised their price objective on AMETEK from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, KeyCorp raised their price objective on AMETEK from $195.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $207.42.

AMETEK 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.