Aviso Financial Inc. Acquires 2,260 Shares of AMETEK, Inc. $AME

Key Points

• Aviso Financial Inc. increased its stake in AMETEK, Inc. by 6.8%, acquiring an additional 2,260 shares, bringing its total holdings to 35,489 shares valued at approximately $6.1 million.
• AMETEK recently reported earnings of $1.78 per share, surpassing analysts' expectations of $1.69, with revenue reaching $1.78 billion for the quarter.
• Analysts have raised their price targets for AMETEK, with estimates now ranging from $198.00 to $215.00, and a consensus rating of "Moderate Buy."

Aviso Financial Inc. boosted its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 6.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,489 shares of the technology company's stock after acquiring an additional 2,260 shares during the period. Aviso Financial Inc.'s holdings in AMETEK were worth $6,109,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Banco Santander S.A. increased its position in AMETEK by 20.8% during the 1st quarter. Banco Santander S.A. now owns 45,365 shares of the technology company's stock worth $7,809,000 after buying an additional 7,799 shares during the period. M.D. Sass LLC increased its position in AMETEK by 2.1% during the 1st quarter. M.D. Sass LLC now owns 366,994 shares of the technology company's stock worth $63,174,000 after buying an additional 7,666 shares during the period. DAVENPORT & Co LLC grew its holdings in shares of AMETEK by 0.8% during the 1st quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company's stock worth $1,226,000 after purchasing an additional 60 shares in the last quarter. Raiffeisen Bank International AG grew its holdings in shares of AMETEK by 16.5% during the 1st quarter. Raiffeisen Bank International AG now owns 44,647 shares of the technology company's stock worth $7,607,000 after purchasing an additional 6,318 shares in the last quarter. Finally, Sowell Financial Services LLC acquired a new stake in shares of AMETEK during the 1st quarter worth $293,000. Institutional investors own 87.43% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Robert W. Baird increased their target price on AMETEK from $190.00 to $198.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. Melius Research raised AMETEK to a "hold" rating in a report on Monday, July 14th. KeyCorp raised their price objective on AMETEK from $195.00 to $205.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Royal Bank Of Canada raised their price objective on AMETEK from $209.00 to $212.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, DA Davidson raised their price objective on AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, AMETEK currently has a consensus rating of "Moderate Buy" and an average price target of $208.00.

AMETEK Price Performance

Shares of AME opened at $181.21 on Monday. 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 current ratio of 1.63 and a quick ratio of 1.04. The company has a market capitalization of $41.85 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 2.61 and a beta of 1.10. The business has a 50-day moving average of $180.57 and a 200-day moving average of $176.89.

AMETEK (NYSE:AME - Get Free Report) last issued its earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.09. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.74 billion. AMETEK had a return on equity of 16.53% and a net margin of 20.60%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.66 earnings per share. 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, September 15th. AMETEK's payout ratio is presently 19.97%.

AMETEK Company 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.

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