Invesco Ltd. significantly increased its stake in AMETEK, Inc. by 127.2%, owning approximately 1.51% of the company with a value of about $598.9 million. According to the company's most recent 13F filing with the Securities and Exchange Commission, Invesco Ltd. owned 3,479,397 shares of AMETEK after purchasing an additional 1,947,831 shares during the first quarter. Several other institutional investors have also adjusted their positions: Olde Wealth Management LLC purchased a stake worth about $29,000, Annis Gardner Whiting Capital Advisors LLC increased its position by 57.7% and now owns 194 shares worth $33,000, Banque Transatlantique SA purchased a stake worth about $37,000, Zions Bancorporation National Association UT purchased a stake worth about $42,000, and Minot DeBlois Advisors LLC purchased a stake worth about $43,000. Hedge funds and other institutional investors collectively own 87.43% of the company's stock.\n\nAnalysts have raised their price targets for AMETEK, with updates from Morgan Stanley, Royal Bank of Canada, Mizuho, KeyCorp, Truist Financial, and others. Mizuho lifted its price objective from $212.00 to $225.00 and gave the stock an 'outperform' rating. KeyCorp raised its target from $195.00 to $205.00 and gave an 'overweight' rating. Melius cut its rating from 'buy' to 'hold' and set a $192.00 price target. Truist Financial raised its target from $196.00 to $200.00 and maintained a 'buy' rating. Morgan Stanley raised its target from $185.00 to $198.00 and gave an 'equal weight' rating. The consensus average price target is $208.00, with an overall rating of 'Moderate Buy'. One analyst has a sell rating, five have a hold rating, and eight have a buy rating.\n\nAMETEK reported a quarterly earnings result on July 31st, posting $1.78 EPS, which exceeded the consensus estimate of $1.69 by $0.09. Revenue reached $1.78 billion, slightly above the $1.74 billion estimate. The company achieved a return on equity of 16.53% and a net margin of 20.60%. Revenue increased by 2.5% year-over-year. The firm's 12-month low is $145.02, and the 12-month high is $198.33. AMETEK has a market cap of $42.12 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 2.63, and a beta of 1.10. The 50-day moving average is $180.02, and the 200-day moving average is $176.88.\n\nThe company recently announced a quarterly dividend of $0.31 per share, payable on Tuesday, September 30th, to investors of record on Monday, September 15th. This results in an annualized dividend of $1.24 and a yield of 0.7%, with a payout ratio of 19.97%. AMETEK manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. Its EIG segment provides advanced instruments for process, aerospace, power, and industrial markets, including process and analytical instruments for oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries. The company also offers power quality monitoring and control devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, sensors for gas turbines and dashboard instruments, heavy trucks and instrumentation for 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 industries.\n\nShares of AMETEK traded up $0.31 to $182.39 on Monday, with 810,159 shares exchanged, compared to an average volume of 1,529,392. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04, and a current ratio of 1.63. On average, sell-side analysts anticipate that AMETEK will report 7.15 earnings per share for the current fiscal year.

AMETEK, Inc. (NYSE:AME) Stock Position Boosted by Invesco Ltd.

Invesco Ltd. increased its stake in AMETEK, Inc. by 127.2%, now owning approximately 1.51% of the company with a value of $598.9 million, as reported in the company's 13F filing. Several other institutional investors adjusted their positions, including Olde Wealth Management, Annis Gardner Whiting Capital Advisors, Banque Transatlantique SA, Zions Bancorporation, and Minot DeBlois Advisors. Analysts have raised price targets for AMETEK, with Mizuho, KeyCorp, Truist Financial, and Morgan Stanley increasing their estimates, resulting in a consensus average price target of $208.00 and a 'Moderate Buy' rating. AMETEK reported strong quarterly earnings of $1.78 EPS and $1.78 billion in revenue, exceeding estimates, with a 16.53% return on equity and 20.60% net margin. The company announced a quarterly dividend of $0.31 per share, resulting in an annualized dividend of $1.24 and a 0.7% yield. AMETEK operates globally, manufacturing electronic instruments and electromechanical devices across key industrial and aerospace segments. Shares rose to $182.39 on Monday, with a market cap of $42.12 billion and a price-to-earnings ratio of 29.37.