Deutsche Bank AG Decreases Stake in AMETEK, Inc. (NYSE:AME)

Key Points

• Deutsche Bank AG reduced its shareholding in AMETEK, Inc. by 1.3%, selling 17,593 shares, leaving it with a total of 1,347,572 shares valued at approximately $231.97 million.
• AMETEK recently announced a quarterly dividend of $0.31 per share, with the dividend payout ratio standing at 19.97%.
• Equities analysts have issued positive forecasts for AMETEK, with price targets ranging from $200.00 to $225.00 following recent ratings updates.

Deutsche Bank AG trimmed its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,347,572 shares of the technology company's stock after selling 17,593 shares during the period. Deutsche Bank AG owned 0.58% of AMETEK worth $231,971,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Capital World Investors boosted its position in AMETEK by 70.0% during the fourth quarter. Capital World Investors now owns 5,760,017 shares of the technology company's stock worth $1,038,301,000 after purchasing an additional 2,371,062 shares during the period. Lazard Asset Management LLC lifted its stake in shares of AMETEK by 393.1% during the 4th quarter. Lazard Asset Management LLC now owns 1,215,087 shares of the technology company's stock valued at $219,030,000 after buying an additional 968,661 shares in the last quarter. GAMMA Investing LLC boosted its holdings in AMETEK by 18,368.3% in the 1st quarter. GAMMA Investing LLC now owns 973,280 shares of the technology company's stock worth $167,540,000 after buying an additional 968,010 shares during the period. Compagnie Lombard Odier SCmA purchased a new position in AMETEK in the 1st quarter valued at approximately $113,317,000. Finally, Alteri Wealth LLC bought a new position in shares of AMETEK in the fourth quarter worth $114,769,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

AMETEK Price Performance

AME traded down $0.30 during trading on Friday, reaching $181.94. The stock had a trading volume of 814,828 shares, compared to its average volume of 1,529,392. The business has a 50-day moving average of $179.90 and a 200-day moving average of $176.91. AMETEK, Inc. has a one year low of $145.02 and a one year high of $198.33. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.63. The stock has a market cap of $42.02 billion, a PE ratio of 29.30, a PEG ratio of 2.63 and a beta of 1.10.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The technology company reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.09. The company had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.74 billion. AMETEK had a return on equity of 16.53% and a net margin of 20.60%. AMETEK's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $1.66 EPS. As a group, equities research analysts anticipate that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.7%. AMETEK's payout ratio is presently 19.97%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. 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. Morgan Stanley upped their price target on AMETEK from $185.00 to $198.00 and gave the company an "equal weight" rating in a research report on Friday. DA Davidson raised their price objective on shares of AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Mizuho upped their target price on shares of AMETEK from $212.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, Robert W. Baird raised their price target on shares of AMETEK from $190.00 to $198.00 and gave the company a "neutral" rating in a report on Monday, August 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, AMETEK has an average rating of "Moderate Buy" and an average target price of $208.00.

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.