IFM Investors Pty Ltd Increases Holdings in AMETEK, Inc. (NYSE:AME)

IFM Investors Pty Ltd increased its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,424 shares of the technology company's stock after acquiring an additional 4,095 shares during the quarter. IFM Investors Pty Ltd's holdings in AMETEK were worth $7,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. OneDigital Investment Advisors LLC lifted its holdings in AMETEK by 7.0% in the 1st quarter. OneDigital Investment Advisors LLC now owns 28,123 shares of the technology company's stock worth $4,841,000 after buying an additional 1,836 shares during the period. North Capital Inc. purchased a new stake in AMETEK in the 1st quarter worth approximately $62,000. Principal Financial Group Inc. lifted its holdings in AMETEK by 4.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,825,264 shares of the technology company's stock worth $314,201,000 after buying an additional 75,818 shares during the period. Mutual Advisors LLC lifted its holdings in AMETEK by 2.6% in the 1st quarter. Mutual Advisors LLC now owns 4,061 shares of the technology company's stock worth $677,000 after buying an additional 104 shares during the period. Finally, ZWJ Investment Counsel Inc. lifted its holdings in AMETEK by 8.8% in the 1st quarter. ZWJ Investment Counsel Inc. now owns 90,780 shares of the technology company's stock worth $15,627,000 after buying an additional 7,311 shares during the period. 87.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AME. Wall Street Zen upgraded AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Mizuho set a $212.00 target price on AMETEK in a research note on Friday, May 16th. Royal Bank Of Canada raised their target price on AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Morgan Stanley began coverage on AMETEK in a research note on Monday, April 14th. They issued an "equal weight" rating and a $170.00 target price for the company. Finally, Robert W. Baird lowered their target price on AMETEK from $197.00 to $190.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $197.89.

AMETEK Stock Down 0.5%

AME stock traded down $0.94 on Tuesday, reaching $181.43. 614,307 shares of the company traded hands, compared to its average volume of 1,367,460. The company has a market cap of $41.89 billion, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09. The firm has a fifty day simple moving average of $177.62 and a 200-day simple moving average of $177.01. 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 current ratio of 1.41 and a quick ratio of 0.86.

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

AMETEK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given 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 0.68%. AMETEK's dividend payout ratio (DPR) is presently 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.