Blair William & Co. IL Reduces Stock Position in AMETEK, Inc. (NYSE:AME)

Blair William & Co. IL cut its stake in AMETEK, Inc. (NYSE:AME) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 731,313 shares of the technology company’s stock after selling 3,058 shares during the quarter. Blair William & Co. IL owned about 0.32% of AMETEK worth $121,917,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AME. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in AMETEK by 11.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,669,394 shares of the technology company’s stock valued at $275,266,000 after buying an additional 167,602 shares in the last quarter. Cim LLC bought a new stake in AMETEK during the 4th quarter worth approximately $1,254,000. Nomura Holdings Inc. purchased a new stake in AMETEK in the 4th quarter worth approximately $768,000. Duality Advisers LP bought a new position in AMETEK in the 1st quarter valued at $1,676,000. Finally, Czech National Bank grew its position in shares of AMETEK by 8.6% during the 2nd quarter. Czech National Bank now owns 44,108 shares of the technology company’s stock valued at $7,353,000 after purchasing an additional 3,499 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AME shares. Royal Bank of Canada lowered their price objective on AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Truist Financial lowered their target price on shares of AMETEK from $204.00 to $201.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Oppenheimer raised shares of AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 price objective for the company in a report on Wednesday, May 22nd. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, TD Cowen dropped their price target on AMETEK from $165.00 to $158.00 and set a “hold” rating for the company in a research note on Monday, August 5th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $186.29.

AMETEK Stock Performance

AMETEK stock opened at $168.57 on Wednesday. The firm has a fifty day simple moving average of $166.41 and a two-hundred day simple moving average of $171.47. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 0.20. AMETEK, Inc. has a twelve month low of $136.89 and a twelve month high of $186.32. The company has a market capitalization of $39.02 billion, a PE ratio of 29.63, a P/E/G ratio of 2.71 and a beta of 1.17.

AMETEK (NYSE:AME) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.64 by $0.02. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the business earned $1.57 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Research analysts expect that AMETEK, Inc. will post 6.77 EPS for the current year.

AMETEK Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Monday, September 16th. AMETEK’s payout ratio is 19.68%.

About AMETEK

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.