KBC Group NV Has $48.30 Million Position in AMETEK, Inc. (NYSE:AME)

KBC Group NV boosted its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 7.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 280,571 shares of the technology company's stock after buying an additional 19,365 shares during the quarter. KBC Group NV owned approximately 0.12% of AMETEK worth $48,297,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. EWA LLC raised its stake in shares of AMETEK by 4.9% during the 1st quarter. EWA LLC now owns 1,382 shares of the technology company's stock worth $238,000 after purchasing an additional 65 shares in the last quarter. Kensington Investment Counsel LLC raised its position in AMETEK by 0.5% during 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 in the last quarter. Legacy Advisors LLC lifted its stake in AMETEK by 4.8% in the first quarter. Legacy Advisors LLC now owns 1,669 shares of the technology company's stock valued at $287,000 after acquiring an additional 76 shares during the last quarter. Level Four Advisory Services LLC grew its position in AMETEK by 3.1% in the fourth quarter. Level Four Advisory Services LLC now owns 2,624 shares of the technology company's stock worth $473,000 after acquiring an additional 80 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its stake in shares of AMETEK by 3.8% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,218 shares of the technology company's stock worth $382,000 after purchasing an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AME. Mizuho set a $212.00 target price on AMETEK in a report on Friday, May 16th. Truist Financial upped their price objective on shares of AMETEK from $196.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Morgan Stanley initiated coverage on shares of AMETEK in a report on Monday, April 14th. They issued an "equal weight" rating and a $170.00 target price on the stock. Wall Street Zen upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Royal Bank Of Canada raised their price target on AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $197.89.

AMETEK Price Performance

NYSE AME opened at $180.48 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.41. The stock has a market cap of $41.67 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.71 and a beta of 1.10. The business has a 50 day simple moving average of $175.24 and a 200 day simple moving average of $177.10. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.73 billion for 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 firm's revenue was down .2% compared to the same quarter last year. During the same period last year, the company earned $1.64 earnings per share. Analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

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

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