ASR Vermogensbeheer N.V. Takes Position in AMETEK, Inc. (NYSE:AME)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new stake in AMETEK, Inc. by purchasing 114,348 shares valued at approximately $19.68 million during the first quarter.
• Wall Street analysts are optimistic about AMETEK, raising price targets and maintaining a consensus rating of "Moderate Buy" with an average target price of $205.20.
• AMETEK reported a quarterly EPS of $1.78, surpassing analyst expectations, and announced a quarterly dividend of $0.31 with a yield of 0.7%.

ASR Vermogensbeheer N.V. bought a new position in shares of AMETEK, Inc. (NYSE:AME - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 114,348 shares of the technology company's stock, valued at approximately $19,682,000.

A number of other institutional investors have also modified their holdings of AME. Olde Wealth Management LLC acquired a new position in AMETEK in the 1st quarter valued at $29,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of AMETEK by 57.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company's stock worth $33,000 after acquiring an additional 71 shares during the period. Banque Transatlantique SA purchased a new position in AMETEK during the fourth quarter worth about $37,000. Minot DeBlois Advisors LLC acquired a new stake in AMETEK in the fourth quarter valued at about $43,000. Finally, Costello Asset Management INC purchased a new stake in AMETEK in the 1st quarter valued at approximately $43,000. 87.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AME has been the subject of several recent analyst reports. Melius Research raised AMETEK to a "hold" rating in a report on Monday, July 14th. Melius cut shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price target on the stock. in a research note on Monday, July 14th. Wall Street Zen upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. KeyCorp increased their target price on shares of AMETEK from $195.00 to $205.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Truist Financial boosted their price target on AMETEK from $196.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.20.

AMETEK Price Performance

AMETEK stock traded down $3.28 during midday trading on Thursday, reaching $182.20. 1,088,176 shares of the company were exchanged, compared to its average volume of 1,533,829. The company has a market capitalization of $42.08 billion, a price-to-earnings ratio of 29.34, a P/E/G ratio of 2.68 and a beta of 1.10. AMETEK, Inc. has a 1 year low of $145.02 and a 1 year 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. The firm's 50-day simple moving average is $179.83 and its 200-day simple moving average is $177.11.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the business earned $1.66 EPS. The firm's revenue was up 2.5% on a year-over-year basis. On average, analysts anticipate that AMETEK, Inc. will post 7.15 EPS for the current year.

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.