J. Safra Sarasin Holding AG Trims Stock Holdings in AMETEK, Inc. (NYSE:AME)

J. Safra Sarasin Holding AG reduced its holdings in shares of AMETEK, Inc. (NYSE:AME) by 13.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,642 shares of the technology company’s stock after selling 257 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in AMETEK were worth $283,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Olde Wealth Management LLC bought a new position in shares of AMETEK in the first quarter worth $29,000. Banque Transatlantique SA bought a new position in AMETEK in the 4th quarter worth about $37,000. Minot DeBlois Advisors LLC purchased a new position in AMETEK during the 4th quarter valued at about $43,000. N.E.W. Advisory Services LLC bought a new stake in shares of AMETEK during the first quarter valued at about $48,000. Finally, Golden State Wealth Management LLC lifted its holdings in shares of AMETEK by 201.0% in the first quarter. Golden State Wealth Management LLC now owns 295 shares of the technology company’s stock worth $51,000 after buying an additional 197 shares in the last quarter. 87.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Royal Bank Of Canada boosted their price objective on shares of AMETEK from $209.00 to $212.00 and gave the company an “outperform” rating in a research note on Friday. Melius cut shares of AMETEK from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a report on Monday, July 14th. Truist Financial lifted their price objective on AMETEK from $196.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Morgan Stanley started coverage on AMETEK in a research report on Monday, April 14th. They set an “equal weight” rating and a $170.00 target price for the company. Finally, Robert W. Baird raised their price target on AMETEK from $190.00 to $198.00 and gave the company a “neutral” rating in a report on Monday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $200.91.

AMETEK Stock Up 1.1%

Shares of AME opened at $184.31 on Tuesday. AMETEK, Inc. has a 1 year low of $145.02 and a 1 year high of $198.33. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.04. The stock has a 50 day simple moving average of $179.57 and a two-hundred day simple moving average of $176.99. The firm has a market cap of $42.57 billion, a P/E ratio of 29.68, a P/E/G ratio of 2.72 and a beta of 1.10.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Thursday, July 31st. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.09. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the company earned $1.66 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. On average, analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, June 13th. AMETEK’s payout ratio 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.