AMETEK, Inc. (NYSE:AME) Position Reduced by Cooke & Bieler LP

Cooke & Bieler LP cut its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 32.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,973 shares of the technology company's stock after selling 70,250 shares during the quarter. Cooke & Bieler LP owned about 0.06% of AMETEK worth $25,300,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AME. Olde Wealth Management LLC purchased a new stake in shares of AMETEK during the first quarter worth about $29,000. Banque Transatlantique SA purchased a new stake in shares of AMETEK during the fourth quarter worth about $37,000. Minot DeBlois Advisors LLC purchased a new stake in shares of AMETEK during the fourth quarter worth about $43,000. Golden State Wealth Management LLC increased its position in shares of AMETEK by 201.0% during the first quarter. Golden State Wealth Management LLC now owns 295 shares of the technology company's stock worth $51,000 after acquiring an additional 197 shares during the last quarter. Finally, Ancora Advisors LLC increased its position in shares of AMETEK by 15,950.0% during the fourth quarter. Ancora Advisors LLC now owns 321 shares of the technology company's stock worth $58,000 after acquiring an additional 319 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AME shares. Robert W. Baird dropped their target price on AMETEK from $197.00 to $190.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Mizuho set a $212.00 price objective on AMETEK in a report on Friday, May 16th. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Royal Bank Of Canada boosted their price objective on AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Morgan Stanley initiated coverage on AMETEK in a report on Monday, April 14th. They issued an "equal weight" rating and a $170.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, AMETEK presently has a consensus rating of "Moderate Buy" and an average price target of $197.30.

AMETEK Stock Performance

Shares of NYSE AME traded down $1.15 during midday trading on Friday, hitting $178.55. 1,011,971 shares of the company's stock were exchanged, compared to its average volume of 1,307,320. 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 stock's 50 day moving average price is $179.29 and its 200-day moving average price is $176.92. The firm has a market cap of $41.22 billion, a P/E ratio of 29.22, a PEG ratio of 2.65 and a beta of 1.09. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $198.33.

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

AMETEK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, June 13th. This represents a $1.24 annualized dividend and a yield of 0.69%. AMETEK's payout ratio is 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.