Banque Pictet & Cie SA Lowers Stock Position in AMETEK, Inc. $AME

Key Points

• Banque Pictet & Cie SA has reduced its stake in AMETEK, Inc. by 93.2%, now holding only 7,393 shares after selling 101,397 shares in Q2, valued at $1.34 million.
• AMETEK reported $1.78 EPS for the last quarter, exceeding estimates and announcing an annualized dividend yield of 0.7%.
• Analysts have set a new average price target of $205 for AMETEK, with several upgrades and a majority rating it as a "Hold" or "Buy".

Banque Pictet & Cie SA reduced its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 93.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,393 shares of the technology company's stock after selling 101,397 shares during the period. Banque Pictet & Cie SA's holdings in AMETEK were worth $1,338,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bares Capital Management Inc. purchased a new position in shares of AMETEK during the 1st quarter valued at about $26,000. Olde Wealth Management LLC purchased a new position in shares of AMETEK during the 1st quarter valued at about $29,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of AMETEK by 57.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company's stock valued at $33,000 after buying an additional 71 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of AMETEK during the 1st quarter valued at about $42,000. Finally, Costello Asset Management INC purchased a new position in shares of AMETEK during the 1st quarter valued at about $43,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

AMETEK Stock Performance

NYSE:AME opened at $186.58 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.04. AMETEK, Inc. has a 1 year low of $145.02 and a 1 year high of $198.33. The stock's 50 day simple moving average is $184.73 and its two-hundred day simple moving average is $177.39. The company has a market cap of $43.09 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 2.65 and a beta of 1.10.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company posted $1.66 EPS. The company's revenue 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. As a group, equities analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.24 dividend on an annualized basis and a yield of 0.7%. AMETEK's payout ratio is presently 19.97%.

Analysts Set New Price Targets

AME has been the topic of several recent analyst reports. Robert W. Baird lifted their target price on AMETEK from $190.00 to $198.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. Mizuho lifted their target price on AMETEK from $212.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Melius Research raised AMETEK to a "hold" rating in a research note on Monday, July 14th. Melius downgraded AMETEK from a "buy" rating to a "hold" rating and set a $192.00 target price on the stock. in a research note on Monday, July 14th. Finally, DA Davidson lifted their target price on AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Seven 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, AMETEK currently has an average rating of "Moderate Buy" and an average price target of $205.00.

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.

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