GHP Investment Advisors Inc. Increases Holdings in AMETEK, Inc. (NYSE:AME)

GHP Investment Advisors Inc. boosted its position in AMETEK, Inc. (NYSE:AME - Free Report) by 7.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,300 shares of the technology company's stock after purchasing an additional 4,913 shares during the period. GHP Investment Advisors Inc.'s holdings in AMETEK were worth $11,757,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sowell Financial Services LLC bought a new stake in shares of AMETEK in the 1st quarter valued at about $293,000. National Bank of Canada FI grew its position in shares of AMETEK by 17.4% in the 4th quarter. National Bank of Canada FI now owns 142,093 shares of the technology company's stock valued at $25,616,000 after buying an additional 21,009 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of AMETEK by 10.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 115,194 shares of the technology company's stock valued at $19,829,000 after buying an additional 10,685 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of AMETEK by 16.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 88,898 shares of the technology company's stock valued at $16,025,000 after buying an additional 12,584 shares during the last quarter. Finally, Fenimore Asset Management Inc grew its position in shares of AMETEK by 1.6% in the 1st quarter. Fenimore Asset Management Inc now owns 277,371 shares of the technology company's stock valued at $47,747,000 after buying an additional 4,502 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

AMETEK Stock Up 1.2%

NYSE:AME traded up $2.06 on Tuesday, hitting $179.34. The stock had a trading volume of 1,519,854 shares, compared to its average volume of 1,295,278. The business's fifty day moving average is $173.95 and its 200 day moving average is $177.38. The company has a market cap of $41.41 billion, a PE ratio of 29.35, a P/E/G ratio of 2.66 and a beta of 1.10. The company has a quick ratio of 0.86, a current ratio of 1.41 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $198.33.

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

AMETEK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, June 13th. AMETEK's payout ratio is 20.29%.

Analyst Ratings Changes

A number of equities research analysts have commented on AME shares. Royal Bank Of Canada upped their price target on AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Robert W. Baird reduced their price target on AMETEK from $197.00 to $190.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Mizuho set a $212.00 target price on AMETEK in a research report on Friday, May 16th. Truist Financial upped their target price on AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, Morgan Stanley initiated coverage on AMETEK in a research report on Monday, April 14th. They set an "equal weight" rating and a $170.00 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $197.89.

Insider Activity at AMETEK

In related news, Director Thomas A. Amato sold 710 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $176.64, for a total transaction of $125,414.40. Following the completion of the sale, the director now directly owns 10,560 shares of the company's stock, valued at approximately $1,865,318.40. This trade represents a 6.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.57% of the stock is currently owned by company insiders.

About AMETEK

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.