BNP Paribas Financial Markets decreased its holdings in shares of AMETEK, Inc. (NYSE:AME – Free Report) by 42.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 509,825 shares of the technology company’s stock after selling 377,391 shares during the period. BNP Paribas Financial Markets’ holdings in AMETEK were worth $104,672,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. CoreCap Advisors LLC raised its position in AMETEK by 84.3% during the 4th quarter. CoreCap Advisors LLC now owns 129 shares of the technology company’s stock valued at $26,000 after purchasing an additional 59 shares during the last quarter. Darwin Wealth Management LLC bought a new position in AMETEK during the 2nd quarter valued at approximately $25,000. BOKF NA raised its position in AMETEK by 137.7% during the 4th 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. Flagship Harbor Advisors LLC bought a new position in AMETEK during the 4th quarter valued at approximately $32,000. Finally, ORG Partners LLC raised its position in AMETEK by 42.6% during the 4th quarter. ORG Partners LLC now owns 201 shares of the technology company’s stock valued at $41,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.
AMETEK Price Performance
Shares of AMETEK stock opened at $226.13 on Monday. AMETEK, Inc. has a one year low of $174.43 and a one year high of $243.18. The stock’s fifty day moving average is $226.17 and its 200 day moving average is $218.23. The stock has a market cap of $51.83 billion, a P/E ratio of 34.16, a P/E/G ratio of 3.17 and a beta of 1.00. 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 Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. AMETEK’s dividend payout ratio (DPR) is currently 20.54%.
Wall Street Analysts Forecast Growth
Several analysts have commented on AME shares. Robert W. Baird set a $244.00 target price on AMETEK in a research note on Friday, May 1st. Mizuho set a $270.00 price target on AMETEK in a research note on Friday, May 1st. TD Cowen restated a “buy” rating on shares of AMETEK in a research note on Tuesday, February 3rd. Wall Street Zen downgraded AMETEK from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $275.00 target price (up from $265.00) on shares of AMETEK in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $252.33.
Check Out Our Latest Stock Report on AMETEK
Insider Buying and Selling
In other AMETEK news, Director Thomas A. Amato sold 530 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $216.78, for a total transaction of $114,893.40. Following the sale, the director directly owned 4,480 shares of the company’s stock, valued at $971,174.40. This trade represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by corporate insiders.
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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