AMETEK, Inc. (NYSE:AME) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its position in shares of AMETEK, Inc. (NYSE:AME) by 8.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 100,464 shares of the technology company’s stock after purchasing an additional 8,195 shares during the period. Asset Management One Co. Ltd.’s holdings in AMETEK were worth $17,294,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. EWA LLC increased its position in shares of AMETEK by 4.9% during the first quarter. EWA LLC now owns 1,382 shares of the technology company’s stock worth $238,000 after purchasing an additional 65 shares in the last quarter. Kensington Investment Counsel LLC increased its position in shares of AMETEK by 0.5% during the fourth quarter. Kensington Investment Counsel LLC now owns 14,277 shares of the technology company’s stock worth $2,574,000 after purchasing an additional 66 shares in the last quarter. Howard Capital Management Inc. increased its position in shares of AMETEK by 5.0% during the fourth quarter. Howard Capital Management Inc. now owns 1,501 shares of the technology company’s stock worth $271,000 after purchasing an additional 72 shares in the last quarter. Level Four Advisory Services LLC increased its position in shares of AMETEK by 3.1% during the fourth quarter. Level Four Advisory Services LLC now owns 2,624 shares of the technology company’s stock worth $473,000 after purchasing an additional 80 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its position in shares of AMETEK by 3.8% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,218 shares of the technology company’s stock worth $382,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on AME shares. Wall Street Zen upgraded AMETEK from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Morgan Stanley initiated coverage on AMETEK in a research report on Monday, April 14th. They issued an “equal weight” rating and a $170.00 price target on the stock. Robert W. Baird dropped their price target on AMETEK from $197.00 to $190.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Royal Bank Of Canada boosted their price target on AMETEK from $194.00 to $201.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Finally, Truist Financial boosted their price target on AMETEK from $196.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, AMETEK has a consensus rating of “Moderate Buy” and a consensus target price of $197.89.

AMETEK Price Performance

Shares of AME opened at $178.13 on Thursday. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $198.33. The stock’s 50 day moving average is $174.33 and its two-hundred day moving average is $177.38. The firm has a market capitalization of $41.13 billion, a PE ratio of 29.15, a P/E/G ratio of 2.69 and a beta of 1.10. The company has a current ratio of 1.41, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.06. AMETEK had a return on equity of 16.75% and a net margin of 20.43%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the company earned $1.64 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. Research analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, June 13th. AMETEK’s dividend payout ratio (DPR) is 20.29%.

AMETEK Company 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.