Opal Wealth Advisors LLC decreased its stake in shares of AMETEK, Inc. (NYSE:AME – Free Report) by 70.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 243 shares of the technology company’s stock after selling 576 shares during the period. Opal Wealth Advisors LLC’s holdings in AMETEK were worth $44,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Banco Santander S.A. lifted its holdings in AMETEK by 20.8% in the first quarter. Banco Santander S.A. now owns 45,365 shares of the technology company’s stock worth $7,809,000 after acquiring an additional 7,799 shares during the last quarter. M.D. Sass LLC lifted its holdings in AMETEK by 2.1% in the first quarter. M.D. Sass LLC now owns 366,994 shares of the technology company’s stock worth $63,174,000 after acquiring an additional 7,666 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in AMETEK by 0.8% in the first quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company’s stock worth $1,226,000 after acquiring an additional 60 shares during the last quarter. Raiffeisen Bank International AG lifted its holdings in AMETEK by 16.5% in the first quarter. Raiffeisen Bank International AG now owns 44,647 shares of the technology company’s stock worth $7,607,000 after acquiring an additional 6,318 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new position in AMETEK in the first quarter worth about $293,000. Institutional investors own 87.43% of the company’s stock.
AMETEK Stock Performance
AME opened at $186.37 on Thursday. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $198.33. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The stock has a market cap of $43.04 billion, a PE ratio of 30.01, a price-to-earnings-growth ratio of 2.68 and a beta of 1.10. The business’s 50 day moving average is $184.48 and its 200-day moving average is $177.30.
AMETEK Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, September 15th. AMETEK’s dividend payout ratio (DPR) is currently 19.97%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on AME shares. Barclays started coverage on shares of AMETEK in a report on Wednesday, September 10th. They issued an “equal weight” rating and a $200.00 target price on the stock. Morgan Stanley raised their target price on shares of AMETEK from $185.00 to $198.00 and gave the stock an “equal weight” rating in a report on Friday, August 8th. Melius Research raised shares of AMETEK to a “hold” rating in a report on Monday, July 14th. Robert W. Baird lifted their price target on AMETEK from $190.00 to $198.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Finally, DA Davidson lifted their price target on AMETEK from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 1st. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, AMETEK has an average rating of “Moderate Buy” and an average price target of $205.00.
View Our Latest Stock Analysis on AME
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.
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