Jefferies Financial Group Inc. purchased a new position in shares of AMETEK, Inc. (NYSE:AME - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,240 shares of the technology company's stock, valued at approximately $386,000.
Several other hedge funds and other institutional investors have also modified their holdings of AME. Bank Pictet & Cie Europe AG boosted its position in shares of AMETEK by 23.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 183,024 shares of the technology company's stock worth $32,992,000 after buying an additional 34,866 shares during the period. Trexquant Investment LP purchased a new position in AMETEK in the fourth quarter valued at $1,075,000. Dynamic Technology Lab Private Ltd boosted its holdings in AMETEK by 11.0% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 2,190 shares of the technology company's stock valued at $394,000 after purchasing an additional 217 shares during the period. Renaissance Technologies LLC boosted its holdings in AMETEK by 215.5% in the fourth quarter. Renaissance Technologies LLC now owns 327,050 shares of the technology company's stock valued at $58,954,000 after purchasing an additional 223,400 shares during the period. Finally, APG Asset Management N.V. boosted its holdings in AMETEK by 573.4% in the fourth quarter. APG Asset Management N.V. now owns 151,258 shares of the technology company's stock valued at $26,331,000 after purchasing an additional 128,795 shares during the period. 87.43% of the stock is currently owned by hedge funds and other institutional investors.
AMETEK Stock Down 0.2%
AMETEK stock traded down $0.30 during midday trading on Friday, reaching $181.94. The company's stock had a trading volume of 814,828 shares, compared to its average volume of 1,530,621. The business has a 50-day simple moving average of $179.90 and a 200-day simple moving average of $177.01. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $198.33. The company has a market cap of $42.02 billion, a P/E ratio of 29.30, a P/E/G ratio of 2.63 and a beta of 1.10.
AMETEK (NYSE:AME - Get Free Report) last posted its earnings results on Thursday, July 31st. The technology company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.09. AMETEK had a return on equity of 16.53% and a net margin of 20.60%. The business had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter in the previous year, the firm earned $1.66 earnings per share. The business's revenue was up 2.5% compared to the same quarter last year. On average, research analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.
AMETEK Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.7%. AMETEK's dividend payout ratio (DPR) is currently 19.97%.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. Melius Research upgraded AMETEK to a "hold" rating in a report on Monday, July 14th. KeyCorp lifted their target price on AMETEK from $195.00 to $205.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Mizuho lifted their target price on AMETEK from $212.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, August 1st. DA Davidson lifted their target price on AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Melius lowered AMETEK from a "buy" rating to a "hold" rating and set a $192.00 target price for the company. in a report on Monday, July 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $208.00.
Read Our Latest Research Report on AMETEK
AMETEK Profile
(
Free Report)
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.
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