AMETEK, Inc. (NYSE:AME) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 857,843 shares of the technology company's stock after purchasing an additional 5,786 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.37% of AMETEK worth $143,543,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in AMETEK by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 26,147,772 shares of the technology company's stock valued at $4,713,397,000 after purchasing an additional 282,208 shares during the last quarter. FMR LLC raised its position in AMETEK by 1.1% in the 4th quarter. FMR LLC now owns 8,956,329 shares of the technology company's stock valued at $1,614,468,000 after purchasing an additional 98,546 shares during the last quarter. Capital World Investors raised its position in AMETEK by 70.0% in the 4th 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. Geode Capital Management LLC increased its stake in AMETEK by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 5,526,369 shares of the technology company's stock valued at $993,546,000 after buying an additional 124,713 shares during the period. Finally, Norges Bank acquired a new position in AMETEK in the 4th quarter valued at $697,080,000. Hedge funds and other institutional investors own 87.43% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Mizuho set a $212.00 price objective on shares of AMETEK in a research note on Friday, May 16th. Royal Bank Of Canada boosted their target price on AMETEK from $194.00 to $201.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. 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. Morgan Stanley began coverage on AMETEK in a research report on Monday, April 14th. They set an "equal weight" rating and a $170.00 target price on the stock. Finally, Truist Financial boosted their target price on AMETEK from $196.00 to $200.00 and gave the stock 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 given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $197.89.

AMETEK Price Performance

Shares of AME traded down $0.45 during trading hours on Friday, reaching $180.99. The company had a trading volume of 839,398 shares, compared to its average volume of 1,303,439. The firm has a 50 day simple moving average of $178.66 and a 200-day simple moving average of $177.05. The company has a current ratio of 1.41, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $41.79 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 2.72 and a beta of 1.09. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 20.43% and a return on equity of 16.75%. The business's revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 EPS. Research analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Announces Dividend

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