AMETEK, Inc. (NYSE:AME) Stock Position Decreased by Buffington Mohr McNeal

Buffington Mohr McNeal lessened its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 10.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,588 shares of the technology company's stock after selling 6,762 shares during the period. AMETEK makes up about 1.9% of Buffington Mohr McNeal's portfolio, making the stock its 21st biggest position. Buffington Mohr McNeal's holdings in AMETEK were worth $9,741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of AME. DAVENPORT & Co LLC raised its position in shares of AMETEK by 0.8% during the 1st quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company's stock worth $1,226,000 after purchasing an additional 60 shares during the last quarter. EWA LLC raised its holdings in AMETEK by 4.9% in the 1st quarter. EWA LLC now owns 1,382 shares of the technology company's stock valued at $238,000 after acquiring an additional 65 shares during the last quarter. Kensington Investment Counsel LLC raised its holdings in AMETEK by 0.5% in the 4th quarter. Kensington Investment Counsel LLC now owns 14,277 shares of the technology company's stock valued at $2,574,000 after acquiring an additional 66 shares during the last quarter. Legacy Advisors LLC raised its holdings in AMETEK by 4.8% in the 1st quarter. Legacy Advisors LLC now owns 1,669 shares of the technology company's stock valued at $287,000 after acquiring an additional 76 shares during the last quarter. Finally, Level Four Advisory Services LLC raised its holdings in AMETEK by 3.1% in the 4th quarter. Level Four Advisory Services LLC now owns 2,624 shares of the technology company's stock valued at $473,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company's stock.

Wall Street Analyst Weigh In

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

AMETEK Price Performance

Shares of AME traded up $2.20 during mid-day trading on Friday, reaching $184.19. 719,336 shares of the company's stock were exchanged, compared to its average volume of 1,301,780. The company has a quick ratio of 0.86, a current ratio of 1.41 and a debt-to-equity ratio of 0.15. The company has a 50-day simple moving average of $177.30 and a two-hundred day simple moving average of $177.08. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $198.33. The company has a market cap of $42.53 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 2.76 and a beta of 1.09.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.74 billion. AMETEK had a net margin of 20.43% and a return on equity of 16.75%. The company's revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $1.64 EPS. On average, sell-side analysts predict that AMETEK, Inc. will post 7.15 EPS 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 dividend of $0.31 per share. The ex-dividend date was Friday, June 13th. This represents a $1.24 annualized dividend and a dividend yield of 0.67%. AMETEK's payout ratio is 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.