Banque Cantonale Vaudoise Invests $582,000 in AMETEK, Inc. (NYSE:AME)

Key Points

• Banque Cantonale Vaudoise invested approximately $582,000 in AMETEK, Inc. by acquiring 3,383 shares during the first quarter.
• AMETEK reported a quarterly earnings per share (EPS) of $1.78, surpassing analysts' expectations, and showed a net margin of 20.60%.
• The stock has received a mix of ratings, with a consensus of "Moderate Buy", and the current average target price set at $200.18.

Banque Cantonale Vaudoise purchased a new position in shares of AMETEK, Inc. (NYSE:AME - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,383 shares of the technology company's stock, valued at approximately $582,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AME. FMR LLC boosted its holdings in AMETEK by 1.1% in the 4th quarter. FMR LLC now owns 8,956,329 shares of the technology company's stock worth $1,614,468,000 after acquiring an additional 98,546 shares during the period. Capital World Investors increased its stake in AMETEK by 70.0% during the fourth quarter. Capital World Investors now owns 5,760,017 shares of the technology company's stock valued at $1,038,301,000 after purchasing an additional 2,371,062 shares during the last quarter. Flossbach Von Storch SE boosted its stake in AMETEK by 1.2% in the first quarter. Flossbach Von Storch SE now owns 3,770,066 shares of the technology company's stock valued at $648,979,000 after acquiring an additional 45,714 shares during the period. Northern Trust Corp boosted its holdings in shares of AMETEK by 16.8% during the fourth quarter. Northern Trust Corp now owns 2,375,972 shares of the technology company's stock valued at $428,293,000 after acquiring an additional 342,589 shares during the period. Finally, EdgePoint Investment Group Inc. increased its stake in shares of AMETEK by 14.6% in the fourth quarter. EdgePoint Investment Group Inc. now owns 2,250,797 shares of the technology company's stock valued at $405,729,000 after purchasing an additional 286,561 shares during the period. Hedge funds and other institutional investors own 87.43% of the company's stock.

AMETEK Trading Down 1.4%

Shares of NYSE:AME opened at $182.18 on Friday. The firm has a market cap of $42.06 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 2.77 and a beta of 1.10. The company has a quick ratio of 0.86, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a 12 month low of $145.02 and a 12 month high of $198.33. The company's fifty day simple moving average is $179.44 and its 200 day simple moving average is $177.01.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.09. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the company earned $1.66 earnings per share. The firm's revenue was up 2.5% compared to the same quarter last year. As a group, research analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, June 13th. This represents a $1.24 annualized dividend and a dividend yield of 0.7%. AMETEK's payout ratio is currently 20.29%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AME shares. Wall Street Zen upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. DA Davidson increased their target price on shares of AMETEK from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday. Robert W. Baird dropped their target price on shares of AMETEK from $197.00 to $190.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. KeyCorp raised their price objective on shares of AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Royal Bank Of Canada lifted their price target on AMETEK from $209.00 to $212.00 and gave the company an "outperform" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $200.18.

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.

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