KFA Private Wealth Group LLC Buys Shares of 2,160 AMETEK, Inc. (NYSE:AME)

Key Points

• KFA Private Wealth Group LLC acquired a new stake in AMETEK, Inc., purchasing 2,160 shares valued at approximately $372,000.
• Institutional ownership of AMETEK is significant, with over 87.43% of the stock held by various hedge funds and investors.
• AMETEK's stock has received a mix of ratings from analysts, with an average target price of $197.30 and a rating of "Moderate Buy."

KFA Private Wealth Group LLC bought a new position in shares of AMETEK, Inc. (NYSE:AME - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,160 shares of the technology company's stock, valued at approximately $372,000.

A number of other large investors have also recently added to or reduced their stakes in AME. Olde Wealth Management LLC bought a new stake in AMETEK during the first quarter worth approximately $29,000. Banque Transatlantique SA acquired a new position in shares of AMETEK during the fourth quarter worth approximately $37,000. Minot DeBlois Advisors LLC acquired a new position in shares of AMETEK during the fourth quarter worth approximately $43,000. Golden State Wealth Management LLC lifted its holdings in shares of AMETEK by 201.0% during the first quarter. Golden State Wealth Management LLC now owns 295 shares of the technology company's stock worth $51,000 after buying an additional 197 shares during the last quarter. Finally, Ancora Advisors LLC lifted its holdings in shares of AMETEK by 15,950.0% during the fourth quarter. Ancora Advisors LLC now owns 321 shares of the technology company's stock worth $58,000 after buying an additional 319 shares during the last quarter. Institutional investors own 87.43% of the company's stock.

AMETEK Price Performance

Shares of AME stock traded up $9.49 during trading hours on Thursday, hitting $186.25. 1,859,518 shares of the company's stock were exchanged, compared to its average volume of 1,379,431. The stock's 50-day moving average is $179.23 and its 200-day moving average is $176.93. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.41 and a quick ratio of 0.86. The stock has a market cap of $43.00 billion, a price-to-earnings ratio of 30.48, a price-to-earnings-growth ratio of 2.68 and a beta of 1.09. 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 announced its earnings results on Thursday, July 31st. The technology company reported $1.78 EPS for the quarter, topping the consensus estimate 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 16.75% and a net margin of 20.43%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.66 earnings per share. As a group, research analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.31 per share. 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 payout ratio is presently 20.29%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AME. Melius lowered AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price target for the company. in a report on Monday, July 14th. Melius Research upgraded AMETEK to a "hold" rating in a report on Monday, July 14th. Mizuho set a $212.00 target price on AMETEK in a research note on Friday, May 16th. Truist Financial upped their target price on AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Finally, Wall Street Zen upgraded AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $197.30.

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.