Machina Capital S.A.S. Boosts Holdings in AMETEK, Inc. (NYSE:AME)

Machina Capital S.A.S. increased its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 164.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,250 shares of the technology company's stock after acquiring an additional 10,101 shares during the quarter. AMETEK makes up about 0.8% of Machina Capital S.A.S.'s portfolio, making the stock its 26th largest position. Machina Capital S.A.S.'s holdings in AMETEK were worth $2,797,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG lifted its position in shares of AMETEK by 23.5% during the 4th 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 in the last quarter. Sei Investments Co. increased its position in shares of AMETEK by 0.9% during the 4th quarter. Sei Investments Co. now owns 149,668 shares of the technology company's stock valued at $26,975,000 after purchasing an additional 1,373 shares during the last quarter. LPL Financial LLC raised its stake in shares of AMETEK by 8.9% during the 4th quarter. LPL Financial LLC now owns 116,305 shares of the technology company's stock worth $20,965,000 after purchasing an additional 9,466 shares during the period. Korea Investment CORP boosted its holdings in shares of AMETEK by 82.6% in the 4th quarter. Korea Investment CORP now owns 156,498 shares of the technology company's stock worth $28,210,000 after buying an additional 70,795 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in AMETEK by 8.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 361,057 shares of the technology company's stock worth $64,835,000 after buying an additional 29,145 shares during the last quarter. 87.43% of the stock is owned by institutional investors.

AMETEK Trading Up 0.1%

Shares of NYSE:AME traded up $0.19 on Friday, hitting $179.91. The company had a trading volume of 1,566,161 shares, compared to its average volume of 1,228,943. The company has a quick ratio of 0.86, a current ratio of 1.41 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a 1 year low of $145.02 and a 1 year high of $198.33. The firm has a market capitalization of $41.54 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 2.70 and a beta of 1.09. The firm's 50-day simple moving average is $179.34 and its two-hundred day simple moving average is $176.91.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.06. AMETEK had a return on equity of 16.75% and a net margin of 20.43%. The firm had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same period in the previous year, the firm posted $1.64 EPS. The business's revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, June 13th. AMETEK's payout ratio is presently 20.29%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AME shares. Melius downgraded AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective on the stock. in a research note on Monday, July 14th. Truist Financial upped their price target 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 started coverage on AMETEK in a research note on Monday, April 14th. They set an "equal weight" rating and a $170.00 price objective for the company. Royal Bank Of Canada lifted 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. Finally, Mizuho set a $212.00 price target on shares of AMETEK in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $197.30.

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.