New York State Teachers Retirement System Sells 8,903 Shares of AMETEK, Inc. (NYSE:AME)

New York State Teachers Retirement System reduced its position in AMETEK, Inc. (NYSE:AME - Free Report) by 5.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,474 shares of the technology company's stock after selling 8,903 shares during the period. New York State Teachers Retirement System owned 0.07% of AMETEK worth $28,485,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AME. EWA LLC boosted its position in shares of AMETEK by 4.9% during 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 lifted its position in AMETEK by 0.5% during the fourth quarter. Kensington Investment Counsel LLC now owns 14,277 shares of the technology company's stock valued at $2,574,000 after purchasing an additional 66 shares during the last quarter. Legacy Advisors LLC grew its stake in shares of AMETEK by 4.8% in the 1st quarter. Legacy Advisors LLC now owns 1,669 shares of the technology company's stock worth $287,000 after buying an additional 76 shares in the last quarter. Level Four Advisory Services LLC increased its holdings in shares of AMETEK by 3.1% in the 4th quarter. Level Four Advisory Services LLC now owns 2,624 shares of the technology company's stock worth $473,000 after buying an additional 80 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of AMETEK by 3.8% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,218 shares of the technology company's stock valued at $382,000 after buying an additional 82 shares in the last quarter. 87.43% of the stock is owned by institutional investors.

AMETEK Trading Down 0.6%

Shares of NYSE AME traded down $1.12 during mid-day trading on Wednesday, reaching $181.94. The company had a trading volume of 977,662 shares, compared to its average volume of 1,298,655. The stock has a market cap of $42.01 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 2.71 and a beta of 1.09. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $198.33. The business's 50-day moving average is $176.22 and its 200-day moving average is $177.10. The company has a current ratio of 1.41, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.06. The company 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 firm's quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company earned $1.64 EPS. Equities analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current 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. The ex-dividend date was Friday, June 13th. This represents a $1.24 annualized dividend and a yield of 0.68%. AMETEK's dividend payout ratio (DPR) is currently 20.29%.

Analyst Ratings Changes

Several equities research analysts have weighed in on AME shares. 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 target price on AMETEK in a report on Friday, May 16th. Truist Financial boosted their target price on AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Morgan Stanley initiated coverage on AMETEK in a research report on Monday, April 14th. They issued an "equal weight" rating and a $170.00 price target for the company. Finally, Royal Bank Of Canada boosted their price objective on shares of AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. One 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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.