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KLP Kapitalforvaltning AS Acquires 3,800 Shares of AMETEK, Inc. (NYSE:AME)

AMETEK logo with Computer and Technology background

KLP Kapitalforvaltning AS grew its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 4.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 80,638 shares of the technology company's stock after acquiring an additional 3,800 shares during the period. KLP Kapitalforvaltning AS's holdings in AMETEK were worth $13,881,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AME. Bank Pictet & Cie Europe AG raised its stake in shares of 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 acquiring an additional 34,866 shares during the period. Sei Investments Co. grew its holdings in AMETEK by 0.9% during the 4th quarter. Sei Investments Co. now owns 149,668 shares of the technology company's stock valued at $26,975,000 after purchasing an additional 1,373 shares in the last quarter. LPL Financial LLC grew its holdings in AMETEK by 8.9% during the 4th quarter. LPL Financial LLC now owns 116,305 shares of the technology company's stock valued at $20,965,000 after purchasing an additional 9,466 shares in the last quarter. Korea Investment CORP grew its holdings in AMETEK by 82.6% during the 4th quarter. Korea Investment CORP now owns 156,498 shares of the technology company's stock valued at $28,210,000 after purchasing an additional 70,795 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in AMETEK by 8.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 361,057 shares of the technology company's stock valued at $64,835,000 after purchasing an additional 29,145 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AME. Truist Financial raised their price target on shares of AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a report on Monday, May 5th. Melius cut shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price target on the stock. in a research report on Monday, July 14th. Melius Research raised shares of AMETEK to a "hold" rating in a research report on Monday, July 14th. Wall Street Zen raised shares of AMETEK from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Mizuho set a $212.00 price target on shares of AMETEK in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AMETEK currently has a consensus rating of "Moderate Buy" and a consensus target price of $197.30.

View Our Latest Stock Analysis on AME

AMETEK Stock Performance

Shares of AME traded up $0.19 during mid-day trading on Friday, reaching $179.91. 1,566,161 shares of the company's stock traded hands, compared to its average volume of 1,369,086. AMETEK, Inc. has a 12 month low of $145.02 and a 12 month high of $198.33. 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 stock has a market capitalization of $41.54 billion, a P/E ratio of 29.44, a price-to-earnings-growth ratio of 2.72 and a beta of 1.09. The business's 50-day moving average price is $179.40 and its 200-day moving average price is $176.91.

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

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $0.31 per share. 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 is presently 20.29%.

AMETEK Profile

(Free Report)

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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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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