HM Payson & Co. Buys 7,032 Shares of AMETEK, Inc. (NYSE:AME)

HM Payson & Co. boosted its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 1.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 537,392 shares of the technology company's stock after buying an additional 7,032 shares during the period. AMETEK makes up about 1.6% of HM Payson & Co.'s investment portfolio, making the stock its 19th biggest position. HM Payson & Co. owned approximately 0.23% of AMETEK worth $92,507,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AME. DAVENPORT & Co LLC increased its position in shares of AMETEK by 0.8% during the first quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company's stock worth $1,226,000 after acquiring an additional 60 shares in the last quarter. EWA LLC lifted its stake in AMETEK by 4.9% in the first quarter. EWA LLC now owns 1,382 shares of the technology company's stock valued at $238,000 after acquiring an additional 65 shares during the last quarter. Kensington Investment Counsel LLC lifted its stake in AMETEK by 0.5% in the fourth quarter. Kensington Investment Counsel LLC now owns 14,277 shares of the technology company's stock valued at $2,574,000 after acquiring an additional 66 shares during the last quarter. Legacy Advisors LLC lifted its stake in shares of AMETEK by 4.8% during the 1st quarter. Legacy Advisors LLC now owns 1,669 shares of the technology company's stock worth $287,000 after buying an additional 76 shares during the last quarter. Finally, Level Four Advisory Services LLC lifted its stake in shares of AMETEK by 3.1% during the 4th quarter. Level Four Advisory Services LLC now owns 2,624 shares of the technology company's stock worth $473,000 after buying an additional 80 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Price Performance

Shares of AME stock traded up $2.20 during trading hours on Friday, hitting $184.19. 719,336 shares of the company's stock were exchanged, compared to its average volume of 1,303,844. The company has a current ratio of 1.41, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month high of $198.33. The company has a market capitalization of $42.53 billion, a PE ratio of 30.15, a PEG ratio of 2.76 and a beta of 1.09. The business's 50 day simple moving average is $177.30 and its 200-day simple moving average is $177.02.

AMETEK (NYSE:AME - Get Free Report) last issued its earnings results 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 firm had revenue of $1.73 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the business earned $1.64 earnings per share. On average, equities research analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Friday, June 13th. AMETEK's dividend payout ratio is presently 20.29%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AME. Mizuho set a $212.00 target price on shares of AMETEK in a research note on Friday, May 16th. Wall Street Zen raised shares of AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Truist Financial raised their target price on shares of AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a report on Monday, May 5th. Robert W. Baird decreased their target price on shares of AMETEK from $197.00 to $190.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada lifted their price target on shares of AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $197.89.

AMETEK 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.