AMETEK, Inc. (NYSE:AME) Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc decreased its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 30.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,255 shares of the technology company's stock after selling 2,275 shares during the period. K.J. Harrison & Partners Inc's holdings in AMETEK were worth $905,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of AMETEK by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 26,147,772 shares of the technology company's stock worth $4,713,397,000 after acquiring an additional 282,208 shares during the period. FMR LLC grew its stake in shares of AMETEK by 1.1% in the 4th quarter. FMR LLC now owns 8,956,329 shares of the technology company's stock valued at $1,614,468,000 after buying an additional 98,546 shares during the period. Capital World Investors increased its holdings in shares of AMETEK by 70.0% during the 4th quarter. Capital World Investors now owns 5,760,017 shares of the technology company's stock worth $1,038,301,000 after buying an additional 2,371,062 shares during the last quarter. Geode Capital Management LLC raised its position in shares of AMETEK by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 5,526,369 shares of the technology company's stock valued at $993,546,000 after buying an additional 124,713 shares during the period. Finally, Norges Bank acquired a new position in AMETEK in the fourth quarter valued at approximately $697,080,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

AMETEK Stock Down 0.6%

AME stock traded down $1.12 during trading on Wednesday, hitting $181.94. 977,273 shares of the company's stock were exchanged, compared to its average volume of 1,298,655. The business has a 50-day moving average price of $176.22 and a two-hundred day moving average price of $177.10. The company has a current ratio of 1.41, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $42.01 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 2.71 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 issued its quarterly earnings data 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 company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. AMETEK had a return on equity of 16.75% and a net margin of 20.43%. The business's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $1.64 earnings per share. As a group, equities research analysts expect that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, June 13th. AMETEK's payout ratio is currently 20.29%.

Wall Street Analyst Weigh In

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