AMETEK, Inc. (NYSE:AME) Stock Holdings Lessened by Swiss National Bank

Key Points

• Swiss National Bank has reduced its stake in AMETEK, Inc. by 0.3%, owning approximately $112 million worth of the company as of the latest SEC filing.
• AMETEK's stock has received a mix of ratings, with analysts giving it an average rating of “Moderate Buy” and a consensus target price of $208.00.
• The company recently announced a quarterly dividend of $0.31 per share, translating to an annualized yield of 0.7%.

Swiss National Bank trimmed its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 0.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 652,425 shares of the technology company's stock after selling 1,700 shares during the quarter. Swiss National Bank owned 0.28% of AMETEK worth $112,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. DAVENPORT & Co LLC increased its holdings in AMETEK by 0.8% in the first quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company's stock worth $1,226,000 after buying an additional 60 shares during the last quarter. Alps Advisors Inc. increased its holdings in AMETEK by 1.0% in the first quarter. Alps Advisors Inc. now owns 6,260 shares of the technology company's stock worth $1,078,000 after buying an additional 60 shares during the last quarter. EWA LLC increased its holdings in AMETEK by 4.9% in the first quarter. EWA LLC now owns 1,382 shares of the technology company's stock worth $238,000 after buying an additional 65 shares during the last quarter. Buckhead Capital Management LLC increased its holdings in AMETEK by 0.3% in the first quarter. Buckhead Capital Management LLC now owns 22,830 shares of the technology company's stock worth $3,930,000 after buying an additional 65 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in AMETEK by 1.5% in the first quarter. Signaturefd LLC now owns 4,625 shares of the technology company's stock worth $796,000 after buying an additional 67 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AME has been the topic of several analyst reports. Wall Street Zen upgraded AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Robert W. Baird increased their price target on AMETEK from $190.00 to $198.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Melius Research upgraded AMETEK to a "hold" rating in a report on Monday, July 14th. Melius downgraded AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price target on the stock. in a report on Monday, July 14th. Finally, Truist Financial increased their price target on AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, AMETEK presently has an average rating of "Moderate Buy" and a consensus target price of $208.00.

AMETEK Stock Down 0.2%

Shares of NYSE AME opened at $181.94 on Friday. The stock has a market cap of $42.02 billion, a PE ratio of 29.30, a PEG ratio of 2.63 and a beta of 1.10. The business has a fifty day moving average of $179.90 and a two-hundred day moving average of $177.01. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $198.33. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.63.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.09. AMETEK had a return on equity of 16.53% and a net margin of 20.60%. The company had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same period last year, the business earned $1.66 earnings per share. The business's revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.7%. AMETEK's dividend payout ratio (DPR) is presently 19.97%.

About AMETEK

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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