Amundi Cuts Holdings in AMETEK, Inc. $AME

Key Points

• Amundi cut its AMETEK stake by 6.8% in the second quarter, selling 84,613 shares and retaining 1.17 million shares worth approximately $282.8 million. Hedge funds and institutional investors collectively own 87.43% of the company.
• AMETEK exceeded quarterly expectations with earnings of $2.09 per share and revenue of $2.04 billion, while revenue increased 15% year over year. Management guided for third-quarter EPS of $2.08–$2.10 and full-year EPS of $8.20–$8.30.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $266.80, above the reported share price of $237.80. AMETEK also declared a quarterly dividend of $0.34 per share, yielding 0.6% annually.

Amundi lowered its position in AMETEK, Inc. (NYSE:AME - Free Report) by 6.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,168,826 shares of the technology company's stock after selling 84,613 shares during the period. Amundi owned about 0.51% of AMETEK worth $282,786,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Frazier Financial Advisors LLC purchased a new position in AMETEK during the second quarter worth approximately $25,000. Darwin Wealth Management LLC purchased a new stake in shares of AMETEK in the second quarter valued at approximately $25,000. Fiduciary Financial Advisors purchased a new stake in shares of AMETEK in the second quarter valued at approximately $27,000. MV Capital Management Inc. acquired a new position in shares of AMETEK during the 4th quarter worth approximately $28,000. Finally, Brown Lisle Cummings Inc. raised its stake in shares of AMETEK by 878.6% during the 1st quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company's stock worth $29,000 after buying an additional 123 shares during the period. 87.43% of the stock is owned by hedge funds and other institutional investors.

AMETEK Trading Up 0.0%

Shares of AME opened at $237.80 on Tuesday. AMETEK, Inc. has a 52-week low of $179.24 and a 52-week high of $261.16. The stock has a market cap of $54.50 billion, a PE ratio of 34.77, a price-to-earnings-growth ratio of 3.04 and a beta of 0.99. The firm's fifty day moving average is $241.37 and its two-hundred day moving average is $232.55. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 0.09.

AMETEK (NYSE:AME - Get Free Report) last issued its earnings results on Tuesday, August 4th. The technology company reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $1.99 by $0.10. The business had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.95 billion. AMETEK had a net margin of 20.04% and a return on equity of 16.93%. The company's quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.78 earnings per share. AMETEK has set its Q3 2026 guidance at 2.080-2.100 EPS and its FY 2026 guidance at 8.200-8.300 EPS. Research analysts forecast that AMETEK, Inc. will post 8.32 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 15th. AMETEK's payout ratio is currently 19.88%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. TD Cowen reissued a "buy" rating on shares of AMETEK in a research note on Thursday, August 6th. Seaport Research Partners restated a "buy" rating and set a $290.00 price objective on shares of AMETEK in a research report on Wednesday, August 5th. KeyCorp increased their price objective on shares of AMETEK from $260.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. BNP Paribas Exane lifted their target price on shares of AMETEK from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Finally, Morgan Stanley boosted their target price on shares of AMETEK from $235.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, AMETEK has a consensus rating of "Moderate Buy" and an average target price of $266.80.

Insider Activity

In related news, insider David Hermance sold 6,608 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,678,432.00. Following the completion of the sale, the insider owned 42,509 shares of the company's stock, valued at approximately $10,797,286. This trade represents a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by company insiders.

About AMETEK

AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.

The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.

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