Board of the Pension Protection Fund Has $826,000 Position in AMETEK, Inc. (NYSE:AME)

Board of the Pension Protection Fund grew its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 60.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,800 shares of the technology company's stock after buying an additional 1,800 shares during the quarter. Board of the Pension Protection Fund's holdings in AMETEK were worth $826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. EWA LLC boosted its holdings in AMETEK by 4.9% in the first quarter. EWA LLC now owns 1,382 shares of the technology company's stock worth $238,000 after purchasing an additional 65 shares in the last quarter. Kensington Investment Counsel LLC boosted its stake in shares of AMETEK by 0.5% during the 4th quarter. Kensington Investment Counsel LLC now owns 14,277 shares of the technology company's stock worth $2,574,000 after acquiring an additional 66 shares in the last quarter. Legacy Advisors LLC boosted its stake in shares of AMETEK by 4.8% during the 1st quarter. Legacy Advisors LLC now owns 1,669 shares of the technology company's stock worth $287,000 after acquiring an additional 76 shares in the last quarter. Level Four Advisory Services LLC increased its holdings in shares of AMETEK by 3.1% during the 4th quarter. Level Four Advisory Services LLC now owns 2,624 shares of the technology company's stock valued at $473,000 after acquiring an additional 80 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its stake in shares of AMETEK by 3.8% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,218 shares of the technology company's stock valued at $382,000 after acquiring an additional 82 shares in the last quarter. Institutional investors own 87.43% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Robert W. Baird lowered their target price on shares of AMETEK from $197.00 to $190.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Morgan Stanley initiated coverage on shares of AMETEK in a report on Monday, April 14th. They issued an "equal weight" rating and a $170.00 target price on the stock. Royal Bank Of Canada upped their price target on shares of AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Truist Financial raised their price target on AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $197.89.

AMETEK Stock Performance

NYSE AME traded up $0.66 during midday trading on Friday, hitting $180.48. The company had a trading volume of 1,601,306 shares, compared to its average volume of 1,299,451. The firm has a fifty day simple moving average of $174.78 and a two-hundred day simple moving average of $177.32. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $198.33. The company has a quick ratio of 0.86, a current ratio of 1.41 and a debt-to-equity ratio of 0.15. The stock has a market cap of $41.67 billion, a price-to-earnings ratio of 29.54, a P/E/G ratio of 2.67 and a beta of 1.10.

AMETEK (NYSE:AME - Get Free Report) last released its earnings results 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. AMETEK had a return on equity of 16.75% and a net margin of 20.43%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the business earned $1.64 earnings per share. The firm's revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

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

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.