Candriam S.C.A. increased its stake in AMETEK, Inc. (NYSE:AME – Free Report) by 23.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,422 shares of the technology company’s stock after buying an additional 3,487 shares during the quarter. Candriam S.C.A.’s holdings in AMETEK were worth $3,949,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Darwin Wealth Management LLC acquired a new stake in AMETEK during the 2nd quarter valued at approximately $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. acquired a new stake in shares of AMETEK during the 4th quarter valued at approximately $28,000. Brown Lisle Cummings Inc. boosted its holdings in AMETEK by 878.6% in the first quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock worth $29,000 after purchasing an additional 123 shares during the period. Finally, BOKF NA increased its stake in AMETEK by 137.7% during the fourth quarter. BOKF NA now owns 145 shares of the technology company’s stock valued at $30,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.
AMETEK Stock Down 0.8%
NYSE AME opened at $232.05 on Tuesday. The company has a market capitalization of $53.19 billion, a P/E ratio of 35.05, a PEG ratio of 3.28 and a beta of 0.99. AMETEK, Inc. has a 12 month low of $174.43 and a 12 month high of $244.71. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.72. The company’s 50 day simple moving average is $231.13 and its 200 day simple moving average is $225.76.
AMETEK Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.34 per share. The ex-dividend date of this dividend 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%.
Analysts Set New Price Targets
AME has been the subject of several research reports. Mizuho set a $270.00 price target on shares of AMETEK in a report on Friday, May 1st. Morgan Stanley boosted their price objective on AMETEK from $235.00 to $245.00 and gave the company an “equal weight” rating in a research report on Friday. BMO Capital Markets began coverage on AMETEK in a research report on Friday, March 27th. They issued an “outperform” rating and a $253.00 target price on the stock. DA Davidson reaffirmed a “buy” rating and issued a $265.00 price objective on shares of AMETEK in a report on Monday, May 4th. Finally, Robert W. Baird set a $244.00 price objective on shares of AMETEK in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $256.29.
Read Our Latest Research Report on AME
AMETEK Company 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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