AMETEK, Inc. (NYSE:AME) Stock Holdings Increased by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers increased its stake in AMETEK, Inc. by 26.2%, owning 42,483 shares valued at $7.3 million after purchasing an additional 8,818 shares in the first quarter.
• AMETEK's latest earnings report showed an earnings per share (EPS) of $1.78, exceeding analysts' estimates, with a quarterly revenue of $1.78 billion.
• The firm declared a quarterly dividend of $0.31 per share, representing an annualized dividend of $1.24 and a dividend yield of 0.7%.

Cetera Investment Advisers increased its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 26.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,483 shares of the technology company's stock after purchasing an additional 8,818 shares during the quarter. Cetera Investment Advisers' holdings in AMETEK were worth $7,313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC raised 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 valued at $1,226,000 after buying an additional 60 shares during the period. Alps Advisors Inc. raised its holdings in shares of AMETEK by 1.0% during the 1st quarter. Alps Advisors Inc. now owns 6,260 shares of the technology company's stock valued at $1,078,000 after buying an additional 60 shares during the period. EWA LLC raised its holdings in shares of AMETEK by 4.9% during the 1st quarter. EWA LLC now owns 1,382 shares of the technology company's stock valued at $238,000 after buying an additional 65 shares during the period. Buckhead Capital Management LLC raised its holdings in shares of AMETEK by 0.3% during the 1st quarter. Buckhead Capital Management LLC now owns 22,830 shares of the technology company's stock valued at $3,930,000 after buying an additional 65 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of AMETEK by 1.5% during the 1st quarter. Signaturefd LLC now owns 4,625 shares of the technology company's stock valued at $796,000 after buying an additional 67 shares during the period. Hedge funds and other institutional investors own 87.43% of the company's stock.

AMETEK Stock Performance

NYSE:AME traded up $1.36 during midday trading on Tuesday, reaching $185.85. 779,742 shares of the company traded hands, compared to its average volume of 1,390,701. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $198.33. The firm has a market capitalization of $42.92 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 2.72 and a beta of 1.10. 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 fifty day moving average price of $179.57 and a 200 day moving average price of $176.99.

AMETEK (NYSE:AME - Get Free Report) last announced its earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.09. The firm had revenue of $1.78 billion for 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 quarter in the previous year, the business earned $1.66 EPS. On average, analysts expect that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.24 annualized dividend and a yield of 0.7%. AMETEK's payout ratio is presently 19.97%.

Wall Street Analysts Forecast Growth

AME has been the topic of several analyst reports. Morgan Stanley initiated coverage on AMETEK in a report on Monday, April 14th. They set an "equal weight" rating and a $170.00 target price on the stock. Melius Research upgraded AMETEK to a "hold" rating in a report on Monday, July 14th. DA Davidson lifted their price objective on AMETEK from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Friday. 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. Finally, Royal Bank Of Canada lifted their price objective on AMETEK from $209.00 to $212.00 and gave the stock an "outperform" rating in a report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $200.91.

About AMETEK

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.