Aristotle Atlantic Partners LLC grew its stake in shares of AMETEK, Inc. (NYSE:AME – Free Report) by 4.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 243,656 shares of the technology company’s stock after acquiring an additional 10,181 shares during the period. AMETEK makes up approximately 2.4% of Aristotle Atlantic Partners LLC’s portfolio, making the stock its 10th biggest position. Aristotle Atlantic Partners LLC’s holdings in AMETEK were worth $52,230,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of AME. Florida Financial Advisors LLC increased its holdings in AMETEK by 2.2% in the 4th quarter. Florida Financial Advisors LLC now owns 1,974 shares of the technology company’s stock worth $406,000 after purchasing an additional 43 shares in the last quarter. Plato Investment Management Ltd raised its position in AMETEK by 0.4% in the fourth quarter. Plato Investment Management Ltd now owns 10,751 shares of the technology company’s stock valued at $2,218,000 after purchasing an additional 47 shares during the last quarter. Allegiance Financial Group Advisory Services LLC boosted its stake in shares of AMETEK by 4.0% during the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 1,254 shares of the technology company’s stock valued at $257,000 after purchasing an additional 48 shares in the last quarter. Washington Trust Advisors Inc. boosted its stake in shares of AMETEK by 6.2% during the fourth quarter. Washington Trust Advisors Inc. now owns 850 shares of the technology company’s stock valued at $175,000 after purchasing an additional 50 shares in the last quarter. Finally, Root Financial Partners LLC grew its holdings in shares of AMETEK by 18.3% during the first quarter. Root Financial Partners LLC now owns 323 shares of the technology company’s stock worth $69,000 after purchasing an additional 50 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.
AMETEK Stock Up 0.4%
AMETEK stock opened at $242.10 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.72 and a current ratio of 1.14. AMETEK, Inc. has a 52-week low of $175.61 and a 52-week high of $244.71. The firm has a 50 day moving average price of $231.91 and a two-hundred day moving average price of $227.51. The firm has a market cap of $55.49 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 3.39 and a beta of 0.99.
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 annualized dividend and a yield of 0.6%. AMETEK’s payout ratio is presently 20.54%.
Wall Street Analysts Forecast Growth
AME has been the subject of a number of research reports. Rothschild & Co Redburn set a $265.00 price objective on shares of AMETEK in a report on Thursday, June 18th. Morgan Stanley boosted their target price on shares of AMETEK from $235.00 to $245.00 and gave the stock an “equal weight” rating in a report on Friday, July 10th. Royal Bank Of Canada upped their price target on shares of AMETEK from $259.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Truist Financial raised their price target on shares of AMETEK from $275.00 to $303.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Finally, Wall Street Zen lowered shares of AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $256.29.
Get Our Latest Stock Analysis on AMETEK
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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