Corient Private Wealth LLC lowered its holdings in AMETEK, Inc. (NYSE:AME – Free Report) by 44.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 108,574 shares of the technology company’s stock after selling 85,294 shares during the period. Corient Private Wealth LLC’s holdings in AMETEK were worth $22,298,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Darwin Wealth Management LLC bought a new position in shares of AMETEK during the second quarter worth about $25,000. CoreCap Advisors LLC raised its stake in AMETEK by 84.3% during the fourth quarter. CoreCap Advisors LLC now owns 129 shares of the technology company’s stock valued at $26,000 after buying an additional 59 shares in the last quarter. MV Capital Management Inc. bought a new position in AMETEK during the 4th quarter worth approximately $28,000. BOKF NA lifted its holdings in AMETEK by 137.7% during the 4th quarter. BOKF NA now owns 145 shares of the technology company’s stock worth $30,000 after buying an additional 84 shares during the last quarter. Finally, Transamerica Financial Advisors LLC grew its position in shares of AMETEK by 73.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 153 shares of the technology company’s stock worth $31,000 after acquiring an additional 65 shares in the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.
AMETEK Trading Up 1.7%
Shares of NYSE:AME opened at $241.41 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.72 and a current ratio of 1.14. The stock has a market capitalization of $55.33 billion, a price-to-earnings ratio of 36.47, a PEG ratio of 3.33 and a beta of 1.00. AMETEK, Inc. has a 1-year low of $174.43 and a 1-year high of $243.18. The company has a 50 day moving average price of $230.39 and a 200 day moving average price of $222.17.
AMETEK Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is 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%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. DA Davidson restated a “buy” rating and issued a $265.00 price target on shares of AMETEK in a research report on Monday, May 4th. Weiss Ratings lowered shares of AMETEK from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Royal Bank Of Canada raised their target price on shares of AMETEK from $259.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Morgan Stanley raised their price target on AMETEK from $215.00 to $235.00 and gave the stock an “equal weight” rating in a report on Thursday, March 12th. Finally, Mizuho set a $270.00 price objective on AMETEK in a research note on Friday, May 1st. One 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 company’s stock. Based on data from MarketBeat, AMETEK currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.57.
Read Our Latest Analysis on AMETEK
About AMETEK
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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