Bogart Wealth LLC increased its stake in shares of AMETEK, Inc. (NYSE:AME – Free Report) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,667 shares of the technology company’s stock after acquiring an additional 487 shares during the period. Bogart Wealth LLC’s holdings in AMETEK were worth $4,102,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the business. Stephens Inc. AR boosted its position in AMETEK by 2.4% during the second quarter. Stephens Inc. AR now owns 38,363 shares of the technology company’s stock worth $6,942,000 after purchasing an additional 895 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in AMETEK by 15.0% during the second quarter. Chicago Partners Investment Group LLC now owns 2,519 shares of the technology company’s stock worth $457,000 after purchasing an additional 328 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in AMETEK by 4.2% during the second quarter. Mutual of America Capital Management LLC now owns 63,513 shares of the technology company’s stock worth $11,493,000 after purchasing an additional 2,574 shares in the last quarter. Albert D Mason Inc. purchased a new position in AMETEK during the second quarter worth approximately $200,000. Finally, Chevy Chase Trust Holdings LLC boosted its position in AMETEK by 0.5% during the second quarter. Chevy Chase Trust Holdings LLC now owns 125,731 shares of the technology company’s stock worth $22,752,000 after purchasing an additional 637 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.
AMETEK Stock Performance
NYSE AME opened at $185.66 on Monday. 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 company has a market cap of $42.88 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 2.66 and a beta of 1.11. The stock’s 50 day simple moving average is $185.69 and its 200-day simple moving average is $178.46.
AMETEK Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was 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 the company. KeyCorp increased their price target on AMETEK from $195.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Mizuho increased their price target on AMETEK from $212.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Weiss Ratings restated a “buy (b)” rating on shares of AMETEK in a research report on Wednesday, October 8th. Royal Bank Of Canada raised their target price on AMETEK from $209.00 to $212.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, Barclays assumed coverage on AMETEK in a research report on Wednesday, September 10th. They issued an “equal weight” rating and a $200.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $207.42.
Check Out Our Latest Research Report on AME
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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