AMETEK, Inc. (NYSE:AME) Shares Sold by Mar Vista Investment Partners LLC

Mar Vista Investment Partners LLC trimmed its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 0.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,256 shares of the technology company's stock after selling 1,671 shares during the period. AMETEK makes up approximately 2.7% of Mar Vista Investment Partners LLC's holdings, making the stock its 18th biggest holding. Mar Vista Investment Partners LLC owned approximately 0.08% of AMETEK worth $33,095,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Olde Wealth Management LLC bought a new stake in AMETEK during the 1st quarter valued at $29,000. Banque Transatlantique SA purchased a new position in AMETEK during the 4th quarter valued at about $37,000. Minot DeBlois Advisors LLC bought a new stake in shares of AMETEK in the 4th quarter valued at about $43,000. Golden State Wealth Management LLC lifted its position 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 purchasing an additional 197 shares during the period. Finally, Ancora Advisors LLC lifted its position in shares of AMETEK by 15,950.0% in the 4th quarter. Ancora Advisors LLC now owns 321 shares of the technology company's stock worth $58,000 after purchasing an additional 319 shares during the period. Institutional investors own 87.43% of the company's stock.

Analysts Set New Price Targets

AME has been the topic of several recent research reports. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Robert W. Baird dropped their price objective on AMETEK from $197.00 to $190.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Melius downgraded shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 target price for the company. in a report on Monday. Truist Financial increased their price target 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. Finally, Royal Bank Of Canada lifted their price objective on shares of AMETEK from $194.00 to $201.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $197.30.

AMETEK Stock Performance

NYSE:AME traded down $2.77 during mid-day trading on Monday, reaching $178.20. 1,420,845 shares of the stock were exchanged, compared to its average volume of 1,370,141. 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 1 year low of $145.02 and a 1 year high of $198.33. The company has a 50 day simple moving average of $178.66 and a 200-day simple moving average of $176.96. The stock has a market capitalization of $41.14 billion, a P/E ratio of 29.17, a P/E/G ratio of 2.71 and a beta of 1.09.

AMETEK (NYSE:AME - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 earnings per share. Analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, June 13th. AMETEK's payout ratio is currently 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.