M&T Bank Corp Has $5.33 Million Position in AMETEK, Inc. (NYSE:AME)

M&T Bank Corp decreased its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 11.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,976 shares of the technology company's stock after selling 3,857 shares during the quarter. M&T Bank Corp's holdings in AMETEK were worth $5,333,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Olde Wealth Management LLC acquired a new position in shares of AMETEK in the 1st quarter valued at $29,000. Banque Transatlantique SA acquired a new position in shares of AMETEK in the 4th quarter valued at $37,000. Minot DeBlois Advisors LLC acquired a new position in shares of AMETEK in the 4th quarter valued at $43,000. Golden State Wealth Management LLC boosted 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 valued at $51,000 after purchasing an additional 197 shares during the period. Finally, Ancora Advisors LLC boosted 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 valued at $58,000 after purchasing an additional 319 shares during the period. Institutional investors own 87.43% of the company's stock.

AMETEK Trading Down 0.2%

Shares of AMETEK stock traded down $0.45 during trading hours on Friday, hitting $180.99. The company's stock had a trading volume of 839,398 shares, compared to its average volume of 1,303,439. AMETEK, Inc. has a 12 month low of $145.02 and a 12 month high of $198.33. The stock has a 50 day moving average of $178.44 and a 200 day moving average of $177.07. The company has a market capitalization of $41.79 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 2.72 and a beta of 1.09. 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 posted its quarterly earnings data on Thursday, May 1st. The technology company reported $1.75 earnings per share (EPS) 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 the consensus estimate of $1.74 billion. AMETEK had a return on equity of 16.75% and a net margin of 20.43%. AMETEK's quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company earned $1.64 earnings per share. Analysts predict that AMETEK, Inc. will post 7.15 earnings per share 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 $0.31 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.24 annualized dividend and a dividend yield of 0.69%. AMETEK's payout ratio is 20.29%.

Analysts Set New Price Targets

Several brokerages recently issued reports on AME. Truist Financial increased their price objective on AMETEK from $196.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Mizuho set a $212.00 price objective on AMETEK in a research note on Friday, May 16th. Royal Bank Of Canada increased their price objective on AMETEK from $194.00 to $201.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley initiated coverage on AMETEK in a research note on Monday, April 14th. They issued an "equal weight" rating and a $170.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AMETEK currently has a consensus rating of "Moderate Buy" and an average price target of $197.89.

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.