Andra AP fonden boosted its holdings in shares of AMETEK, Inc. (NYSE:AME – Free Report) by 26.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 12,000 shares of the technology company’s stock after purchasing an additional 2,500 shares during the period. Andra AP fonden’s holdings in AMETEK were worth $2,572,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Glenview Trust Co raised its position in AMETEK by 6.6% during the 1st quarter. Glenview Trust Co now owns 1,727 shares of the technology company’s stock worth $370,000 after buying an additional 107 shares during the last quarter. Florida Financial Advisors LLC boosted its holdings in shares of AMETEK by 24.7% in the first quarter. Florida Financial Advisors LLC now owns 2,461 shares of the technology company’s stock valued at $528,000 after acquiring an additional 487 shares in the last quarter. Alta Advisers Ltd purchased a new stake in shares of AMETEK in the first quarter valued at about $201,000. Earned Wealth Advisors LLC increased its stake in shares of AMETEK by 5.9% during the first quarter. Earned Wealth Advisors LLC now owns 1,209 shares of the technology company’s stock worth $259,000 after acquiring an additional 67 shares during the period. Finally, Meeder Asset Management Inc. lifted its holdings in shares of AMETEK by 38.9% in the 1st quarter. Meeder Asset Management Inc. now owns 6,531 shares of the technology company’s stock valued at $1,400,000 after buying an additional 1,829 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.
AMETEK Price Performance
AME stock opened at $237.39 on Thursday. The stock has a market capitalization of $54.41 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 3.33 and a beta of 0.99. The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. AMETEK, Inc. has a 52-week low of $175.61 and a 52-week high of $244.71. The stock’s fifty day simple moving average is $231.43 and its 200-day simple moving average is $227.18.
AMETEK Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.34 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. AMETEK’s dividend payout ratio (DPR) is presently 20.54%.
Analyst Upgrades and Downgrades
AME has been the topic of several research analyst reports. Barclays boosted their target price on shares of AMETEK from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Citigroup began coverage on AMETEK in a research note on Monday, June 15th. They set a “neutral” rating and a $257.00 price target on the stock. Wall Street Zen cut AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Robert W. Baird set a $244.00 price objective on AMETEK in a report on Friday, May 1st. Finally, Truist Financial boosted their target price on AMETEK from $275.00 to $303.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $256.29.
View Our Latest Stock Analysis on AME
AMETEK Profile
AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.
The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.
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