Amundi Decreases Stake in AMETEK, Inc. $AME

Key Points

• Amundi has reduced its stake in AMETEK, Inc. by 51.8%, selling 444,808 shares and currently holding 413,218 shares valued at approximately $66.73 million.
• AMETEK's analyst ratings are mixed, with a consensus rating of "Moderate Buy" and a target price of $205.45, influenced by various upgrades and downgrades from multiple analysts.
• The company has declared a quarterly dividend of $0.31 per share, representing a yield of 0.7%, and will be paid to shareholders of record on September 15th.

Amundi reduced its position in AMETEK, Inc. (NYSE:AME - Free Report) by 51.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 413,218 shares of the technology company's stock after selling 444,808 shares during the quarter. Amundi owned 0.18% of AMETEK worth $66,731,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bares Capital Management Inc. bought a new stake in shares of AMETEK in the first quarter valued at about $26,000. Olde Wealth Management LLC bought a new position in AMETEK in the first quarter worth about $29,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in AMETEK by 57.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company's stock worth $33,000 after purchasing an additional 71 shares in the last quarter. Minot DeBlois Advisors LLC bought a new position in AMETEK in the fourth quarter worth about $43,000. Finally, Zions Bancorporation National Association UT bought a new position in AMETEK in the first quarter worth about $42,000. 87.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Robert W. Baird upped their price objective on shares of AMETEK from $190.00 to $198.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Melius downgraded shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective on the stock. in a report on Monday, July 14th. 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. 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, Melius Research upgraded shares of AMETEK to a "hold" rating in a report on Monday, July 14th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $205.00.

AMETEK Stock Performance

Shares of NYSE AME traded up $3.91 during midday trading on Thursday, reaching $191.32. 475,789 shares of the stock were exchanged, compared to its average volume of 1,348,412. The firm has a market cap of $44.18 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 2.70 and a beta of 1.10. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $198.33. The firm has a 50-day simple moving average of $182.98 and a two-hundred day simple moving average of $177.14. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 0.15.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The technology company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.09. The business had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.74 billion. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The business's revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $1.66 EPS. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. As a group, analysts anticipate that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.31 per share. The ex-dividend date is Monday, September 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK's dividend payout ratio (DPR) is 19.97%.

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.