AMETEK, Inc. (NYSE:AME) Shares Bought by LPL Financial LLC

LPL Financial LLC raised its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,725 shares of the technology company's stock after buying an additional 5,420 shares during the period. LPL Financial LLC owned about 0.05% of AMETEK worth $20,954,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in AMETEK by 34.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 119,783 shares of the technology company's stock worth $20,619,000 after purchasing an additional 30,885 shares in the last quarter. Empirical Finance LLC grew its stake in AMETEK by 2.3% during the 1st quarter. Empirical Finance LLC now owns 8,041 shares of the technology company's stock worth $1,384,000 after purchasing an additional 184 shares in the last quarter. TD Asset Management Inc lifted its holdings in AMETEK by 1.7% during the 1st quarter. TD Asset Management Inc now owns 107,004 shares of the technology company's stock worth $18,420,000 after buying an additional 1,741 shares during the last quarter. HB Wealth Management LLC lifted its holdings in AMETEK by 48.6% during the 1st quarter. HB Wealth Management LLC now owns 7,878 shares of the technology company's stock worth $1,356,000 after buying an additional 2,578 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in AMETEK by 22.3% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 55,330 shares of the technology company's stock worth $9,525,000 after buying an additional 10,081 shares during the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AME has been the subject of a number of recent analyst reports. Melius Research raised AMETEK to a "hold" rating in a report on Monday, July 14th. Robert W. Baird lifted their price target on AMETEK from $190.00 to $198.00 and gave the stock a "neutral" rating in a report on Monday. Mizuho upped their target price on AMETEK from $212.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday. DA Davidson upped their target price on AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday. Finally, Morgan Stanley started coverage on AMETEK in a research report on Monday, April 14th. They issued an "equal weight" rating and a $170.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $200.91.

AMETEK Price Performance

Shares of AME traded up $0.38 on Tuesday, reaching $184.87. The stock had a trading volume of 1,919,821 shares, compared to its average volume of 1,529,762. The firm has a market capitalization of $42.70 billion, a PE ratio of 29.77, a PEG ratio of 2.66 and a beta of 1.10. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average of $179.57 and a 200 day moving average of $176.99. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month 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, beating analysts' consensus estimates of $1.69 by $0.09. The firm had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.74 billion. AMETEK had a return on equity of 16.53% and a net margin of 20.60%. AMETEK's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.66 EPS. Sell-side 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. Shareholders of record on Friday, June 13th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, June 13th. AMETEK's dividend payout ratio is 19.97%.

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.