LGT Fund Management Co Ltd. Decreases Stake in AMETEK, Inc. $AME

Key Points

• LGT Fund Management Co Ltd. reduced its stake in AMETEK, Inc. by 56.3%, owning 13,988 shares valued at approximately $2.5 million after selling 18,012 shares in the second quarter.
• AMETEK has received mixed ratings from analysts, with target prices ranging from $192 to $215, reflecting a general consensus of a "Moderate Buy" with eight Buy ratings and six Hold ratings.
• The company recently announced a quarterly dividend of $0.31 per share, resulting in an annualized yield of 0.7% and a payout ratio of 19.97%.

LGT Fund Management Co Ltd. lessened its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 56.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 13,988 shares of the technology company's stock after selling 18,012 shares during the quarter. LGT Fund Management Co Ltd.'s holdings in AMETEK were worth $2,531,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bares Capital Management Inc. purchased a new position in shares of AMETEK in the 1st quarter valued at about $26,000. ST Germain D J Co. Inc. boosted its stake in shares of AMETEK by 628.6% in the 2nd 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. Olde Wealth Management LLC purchased a new position in shares of AMETEK in the 1st quarter valued at about $29,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of AMETEK by 57.7% in 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 during the period. Finally, Zions Bancorporation National Association UT purchased a new position in shares of AMETEK in the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 87.43% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AME shares. Weiss Ratings reiterated a "buy (b)" rating on shares of AMETEK in a research note on Saturday, September 27th. KeyCorp raised their target price on AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Robert W. Baird raised their target price on AMETEK from $190.00 to $198.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Melius lowered AMETEK from a "buy" rating to a "hold" rating and set a $192.00 target price on the stock. in a research report on Monday, July 14th. Finally, DA Davidson raised their target price on AMETEK from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $205.00.

AMETEK Trading Down 1.3%

AME opened at $183.76 on Friday. The firm has a market cap of $42.44 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 2.68 and a beta of 1.11. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $198.33. The business's 50 day moving average is $185.41 and its two-hundred day moving average is $177.74. 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 released its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.69 by $0.09. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The firm's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 earnings per share. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. On average, research analysts predict that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.24 annualized dividend and a yield of 0.7%. AMETEK's payout ratio is 19.97%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.