AMETEK, Inc. (NYSE:AME) Shares Bought by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich increased its position in AMETEK, Inc. (NYSE:AME - Free Report) by 27.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,305,900 shares of the technology company's stock after buying an additional 282,176 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned 0.57% of AMETEK worth $244,424,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DAVENPORT & Co LLC raised its position in AMETEK by 0.8% during the first quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company's stock valued at $1,226,000 after purchasing an additional 60 shares during the period. Sowell Financial Services LLC purchased a new stake in AMETEK during the first quarter valued at approximately $293,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of AMETEK by 10.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 115,194 shares of the technology company's stock worth $19,829,000 after buying an additional 10,685 shares during the period. National Bank of Canada FI raised its holdings in shares of AMETEK by 17.4% in the fourth quarter. National Bank of Canada FI now owns 142,093 shares of the technology company's stock worth $25,616,000 after buying an additional 21,009 shares during the period. Finally, Fenimore Asset Management Inc raised its holdings in shares of AMETEK by 1.6% in the first quarter. Fenimore Asset Management Inc now owns 277,371 shares of the technology company's stock worth $47,747,000 after buying an additional 4,502 shares during the period. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

AMETEK Stock Down 0.9%

NYSE AME traded down $1.58 during midday trading on Thursday, hitting $179.70. 1,436,046 shares of the company traded hands, compared to its average volume of 1,366,763. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.41 and a quick ratio of 0.86. The company has a market cap of $41.49 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 2.69 and a beta of 1.09. The company's 50-day simple moving average is $179.41 and its 200-day simple moving average is $176.91. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $198.33.

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

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.31 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.69%. AMETEK's payout ratio is 20.29%.

Analyst Upgrades and Downgrades

AME has been the topic of several recent analyst reports. Robert W. Baird reduced their price target on AMETEK from $197.00 to $190.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Mizuho set a $212.00 price target on AMETEK in a report on Friday, May 16th. Melius Research upgraded AMETEK to a "hold" rating in a report on Monday, July 14th. Royal Bank Of Canada increased their price target on AMETEK from $194.00 to $201.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Melius downgraded AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective on the stock. in a report on Monday, July 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $197.30.

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.