AustralianSuper Pty Ltd Has $96.12 Million Stock Position in AMETEK, Inc. (NYSE:AME)

AustralianSuper Pty Ltd trimmed its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 42.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 558,386 shares of the technology company's stock after selling 404,248 shares during the period. AustralianSuper Pty Ltd owned 0.24% of AMETEK worth $96,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of AMETEK by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 26,147,772 shares of the technology company's stock worth $4,713,397,000 after purchasing an additional 282,208 shares during the last quarter. FMR LLC boosted its stake in shares of AMETEK by 1.1% during the 4th quarter. FMR LLC now owns 8,956,329 shares of the technology company's stock worth $1,614,468,000 after purchasing an additional 98,546 shares during the last quarter. Capital World Investors boosted its stake in shares of AMETEK by 70.0% during the 4th quarter. Capital World Investors now owns 5,760,017 shares of the technology company's stock worth $1,038,301,000 after purchasing an additional 2,371,062 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of AMETEK by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 5,526,369 shares of the technology company's stock worth $993,546,000 after purchasing an additional 124,713 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of AMETEK in the fourth quarter worth approximately $697,080,000. 87.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Mizuho set a $212.00 price target on shares of AMETEK in a research report on Friday, May 16th. Wall Street Zen upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Morgan Stanley assumed coverage on shares of AMETEK in a research note on Monday, April 14th. They set an "equal weight" rating and a $170.00 price objective on the stock. Melius lowered shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective on the stock. in a research note on Monday, July 14th. Finally, Royal Bank Of Canada lifted their price objective on shares of AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $197.30.

AMETEK Price Performance

AME traded down $1.15 on Friday, reaching $178.55. The company had a trading volume of 1,011,971 shares, compared to its average volume of 1,310,117. AMETEK, Inc. has a one year low of $145.02 and a one year high of $198.33. The company has a current ratio of 1.41, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average of $179.43 and a 200-day moving average of $176.88. The company has a market capitalization of $41.22 billion, a P/E ratio of 29.22, a PEG ratio of 2.68 and a beta of 1.09.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.06. AMETEK had a net margin of 20.43% and a return on equity of 16.75%. The company had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter in the previous year, the company posted $1.64 EPS. The business's revenue was down .2% compared to the same quarter last year. As a group, equities research analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Friday, June 13th. AMETEK's payout ratio is presently 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.