Allianz Asset Management GmbH Raises Stock Position in AMETEK, Inc. (NYSE:AME)

Allianz Asset Management GmbH boosted its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 135,088 shares of the technology company's stock after buying an additional 3,794 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.06% of AMETEK worth $23,254,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Olde Wealth Management LLC purchased a new position in AMETEK in the 1st quarter valued at about $29,000. Banque Transatlantique SA purchased a new position in AMETEK in the 4th quarter valued at $37,000. Minot DeBlois Advisors LLC acquired a new stake in shares of AMETEK in the fourth quarter valued at about $43,000. Golden State Wealth Management LLC lifted its stake in shares of AMETEK by 201.0% in the first quarter. Golden State Wealth Management LLC now owns 295 shares of the technology company's stock worth $51,000 after buying an additional 197 shares in the last quarter. Finally, Ancora Advisors LLC grew its stake in AMETEK by 15,950.0% during the 4th quarter. Ancora Advisors LLC now owns 321 shares of the technology company's stock valued at $58,000 after acquiring an additional 319 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on AME shares. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Royal Bank Of Canada upped their price objective on shares of AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Mizuho set a $212.00 target price on shares of AMETEK in a research note on Friday, May 16th. Truist Financial increased their price target on shares of AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Finally, Robert W. Baird decreased their price objective on AMETEK from $197.00 to $190.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $197.30.

AMETEK Stock Up 0.1%

AME stock traded up $0.19 during mid-day trading on Friday, reaching $179.91. The company had a trading volume of 1,566,161 shares, compared to its average volume of 1,228,943. The firm has a fifty day simple moving average of $179.34 and a 200 day simple moving average of $176.92. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.41. The company has a market capitalization of $41.54 billion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 2.70 and a beta of 1.09. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.06. AMETEK had a net margin of 20.43% and a return on equity of 16.75%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the firm earned $1.64 earnings per share. The business's quarterly revenue was down .2% compared to the same quarter last year. Analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Friday, June 13th. AMETEK's dividend payout ratio (DPR) is presently 20.29%.

AMETEK Profile

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.