Lazard Asset Management LLC Buys 287,304 Shares of AMETEK, Inc. $AME

Lazard Asset Management LLC increased its stake in AMETEK, Inc. (NYSE:AME) by 17.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,950,558 shares of the technology company’s stock after acquiring an additional 287,304 shares during the quarter. Lazard Asset Management LLC owned about 0.84% of AMETEK worth $352,972,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new position in shares of AMETEK in the 2nd quarter worth approximately $25,000. Bares Capital Management Inc. bought a new position in AMETEK during the first quarter worth $26,000. ST Germain D J Co. Inc. lifted its holdings in AMETEK by 628.6% in the second quarter. ST Germain D J Co. Inc. now owns 153 shares of the technology company’s stock valued at $28,000 after buying an additional 132 shares during the period. NewSquare Capital LLC boosted its position in AMETEK by 129.7% during the second quarter. NewSquare Capital LLC now owns 170 shares of the technology company’s stock valued at $31,000 after acquiring an additional 96 shares during the last quarter. Finally, SouthState Corp grew its holdings in AMETEK by 47.4% during the 2nd quarter. SouthState Corp now owns 202 shares of the technology company’s stock worth $37,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Stock Performance

AME opened at $201.62 on Friday. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year high of $204.43. The company has a market cap of $46.41 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 2.90 and a beta of 1.04. The company’s fifty day moving average price is $192.57 and its two-hundred day moving average price is $186.06. The company has a current ratio of 1.16, a quick ratio of 0.72 and a debt-to-equity ratio of 0.14.

AMETEK (NYSE:AME) last posted its earnings results on Thursday, October 30th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.76 by $0.13. AMETEK had a net margin of 20.50% and a return on equity of 16.66%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $1.66 earnings per share. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. AMETEK has set its Q4 2025 guidance at 1.900-1.950 EPS and its FY 2025 guidance at 7.320-7.370 EPS. On average, analysts expect that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. AMETEK’s dividend payout ratio is 19.56%.

Insider Buying and Selling

In related news, CEO David A. Zapico sold 88,000 shares of AMETEK stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $196.39, for a total transaction of $17,282,320.00. Following the transaction, the chief executive officer owned 348,955 shares of the company’s stock, valued at $68,531,272.45. The trade was a 20.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ronald J. Oscher sold 26,290 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $200.05, for a total value of $5,259,314.50. Following the completion of the sale, the insider directly owned 40,226 shares of the company’s stock, valued at $8,047,211.30. The trade was a 39.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 142,680 shares of company stock worth $28,269,601 in the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AME. Weiss Ratings restated a “buy (b)” rating on shares of AMETEK in a research report on Wednesday, October 8th. Robert W. Baird boosted their price target on AMETEK from $198.00 to $204.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Royal Bank Of Canada raised their price objective on shares of AMETEK from $212.00 to $229.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. KeyCorp lifted their price objective on shares of AMETEK from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, DA Davidson increased their target price on shares of AMETEK from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $213.08.

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.