AMETEK, Inc. (NYSE:AME) Position Increased by PFG Advisors

PFG Advisors raised its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 40.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,926 shares of the technology company's stock after buying an additional 7,457 shares during the period. PFG Advisors' holdings in AMETEK were worth $4,463,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Olde Wealth Management LLC acquired a new stake in AMETEK during the first quarter valued at approximately $29,000. Banque Transatlantique SA acquired a new position in shares of AMETEK in the 4th quarter worth approximately $37,000. Minot DeBlois Advisors LLC acquired a new position in shares of AMETEK in the 4th quarter worth approximately $43,000. Golden State Wealth Management LLC boosted its holdings in shares of AMETEK by 201.0% in the 1st quarter. Golden State Wealth Management LLC now owns 295 shares of the technology company's stock worth $51,000 after acquiring an additional 197 shares in the last quarter. Finally, Ancora Advisors LLC lifted its holdings in AMETEK by 15,950.0% during the 4th quarter. Ancora Advisors LLC now owns 321 shares of the technology company's stock worth $58,000 after buying an additional 319 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.

AMETEK Price Performance

AME stock opened at $177.72 on Tuesday. AMETEK, Inc. has a 1 year low of $145.02 and a 1 year high of $198.33. The company has a market cap of $41.03 billion, a P/E ratio of 29.14, a PEG ratio of 2.68 and a beta of 1.09. The firm has a 50-day moving average of $179.43 and a 200 day moving average of $176.87. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.41 and a quick ratio of 0.86.

AMETEK (NYSE:AME - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $1.75 earnings per share for the quarter, beating 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 business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm earned $1.64 earnings per share. The business's revenue for the quarter was down .2% on a year-over-year basis. On average, sell-side analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, June 13th. AMETEK's dividend payout ratio is presently 20.29%.

Analyst Ratings Changes

Several brokerages have commented on AME. Royal Bank Of Canada upped their target price on shares of AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Wall Street Zen upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Truist Financial upped their price objective on shares of AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Melius cut shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective for the company. in a research report on Monday, July 14th. Finally, Morgan Stanley initiated coverage on shares of AMETEK in a research note on Monday, April 14th. They issued an "equal weight" rating and a $170.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $197.30.

AMETEK Company 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.

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