Crossmark Global Holdings Inc. Sells 1,956 Shares of AMETEK, Inc. (NYSE:AME)

Crossmark Global Holdings Inc. trimmed its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 16.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,249 shares of the technology company's stock after selling 1,956 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in AMETEK were worth $1,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of AMETEK by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 26,147,772 shares of the technology company's stock worth $4,713,397,000 after purchasing an additional 282,208 shares in the last quarter. FMR LLC lifted its position in shares of AMETEK by 1.1% in the fourth quarter. FMR LLC now owns 8,956,329 shares of the technology company's stock worth $1,614,468,000 after purchasing an additional 98,546 shares in the last quarter. Capital World Investors increased its holdings in AMETEK by 70.0% in the fourth quarter. Capital World Investors now owns 5,760,017 shares of the technology company's stock worth $1,038,301,000 after buying an additional 2,371,062 shares during the last quarter. Geode Capital Management LLC increased its holdings in AMETEK by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 5,526,369 shares of the technology company's stock worth $993,546,000 after buying an additional 124,713 shares during the last quarter. Finally, Norges Bank acquired a new position in AMETEK in the fourth quarter worth approximately $697,080,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AME has been the topic of a number of research reports. Mizuho set a $212.00 price objective on AMETEK in a report on Friday, May 16th. 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 on the stock. Truist Financial increased their price objective on AMETEK from $196.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Robert W. Baird dropped their price objective on AMETEK from $197.00 to $190.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, Wall Street Zen upgraded AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $197.30.

AMETEK Stock Performance

Shares of AMETEK stock traded down $2.77 during midday trading on Monday, hitting $178.20. The company had a trading volume of 1,420,816 shares, compared to its average volume of 1,305,625. The business's 50 day simple moving average is $178.66 and its two-hundred day simple moving average is $176.96. The stock has a market cap of $41.14 billion, a PE ratio of 29.17, a P/E/G ratio of 2.71 and a beta of 1.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.41 and a quick ratio of 0.86. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $1.75 EPS for the quarter, topping the consensus estimate 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%. AMETEK's quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the business earned $1.64 earnings per share. As a group, equities analysts predict that AMETEK, Inc. will post 7.15 EPS for the current fiscal 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 given a $0.31 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.24 annualized dividend and a yield of 0.70%. AMETEK's dividend payout ratio (DPR) is currently 20.29%.

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.