Raiffeisen Bank International AG Purchases 6,318 Shares of AMETEK, Inc. (NYSE:AME)

Key Points

• Raiffeisen Bank International AG raised its holdings in AMETEK, Inc. by 16.5% in Q1, bringing their ownership to 44,647 shares valued at approximately $7.6 million.
• Several institutional investors, including M.D. Sass LLC and Banco Santander S.A., have also increased their stakes in AMETEK, highlighting a strong interest from institutional investors with 87.43% of shares held by them.
• AMETEK reported a net margin of 20.60% and revenue of $1.78 billion for the last quarter, exceeding analyst expectations, and announced a quarterly dividend of $0.31 per share, yielding 0.7%.

Raiffeisen Bank International AG raised its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 16.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,647 shares of the technology company's stock after buying an additional 6,318 shares during the quarter. Raiffeisen Bank International AG's holdings in AMETEK were worth $7,607,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AME. Bank Pictet & Cie Europe AG grew its holdings in AMETEK by 23.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 183,024 shares of the technology company's stock valued at $32,992,000 after buying an additional 34,866 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of AMETEK during the 4th quarter worth approximately $1,075,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of AMETEK during the 4th quarter worth approximately $12,092,000. Aviva PLC grew its holdings in shares of AMETEK by 179.1% during the 4th quarter. Aviva PLC now owns 139,476 shares of the technology company's stock worth $25,142,000 after purchasing an additional 89,499 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its holdings in shares of AMETEK by 11.0% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 2,190 shares of the technology company's stock worth $394,000 after purchasing an additional 217 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

AMETEK Price Performance

Shares of AMETEK stock traded up $1.95 during midday trading on Monday, hitting $184.31. 1,959,814 shares of the company were exchanged, compared to its average volume of 1,509,711. The firm has a 50 day simple moving average of $179.57 and a 200-day simple moving average of $176.99. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.04. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $198.33. The firm has a market cap of $42.57 billion, a P/E ratio of 29.68, a PEG ratio of 2.72 and a beta of 1.10.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.09. AMETEK had a return on equity of 16.53% and a net margin of 20.60%. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company posted $1.66 EPS. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. Research analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.31 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.24 annualized dividend and a yield of 0.7%. AMETEK's payout ratio is presently 19.97%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Royal Bank Of Canada lifted their price objective on AMETEK from $209.00 to $212.00 and gave the stock an "outperform" rating in a report on Friday. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. KeyCorp lifted their price objective on AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a report on Friday. Melius lowered AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective on the stock. in a report on Monday, July 14th. Finally, Robert W. Baird raised their target price on AMETEK from $190.00 to $198.00 and gave the stock a "neutral" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $200.91.

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.