AMETEK, Inc. (NYSE:AME) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in AMETEK, Inc. (NYSE:AME - Free Report) by 14.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,878 shares of the technology company's stock after buying an additional 2,965 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in AMETEK were worth $3,898,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Board of the Pension Protection Fund lifted its holdings in shares of AMETEK by 60.0% during the first quarter. Board of the Pension Protection Fund now owns 4,800 shares of the technology company's stock worth $826,000 after purchasing an additional 1,800 shares during the period. First Merchants Corp increased its stake in shares of AMETEK by 3.4% during the first quarter. First Merchants Corp now owns 28,793 shares of the technology company's stock worth $4,956,000 after purchasing an additional 945 shares in the last quarter. PDS Planning Inc raised its position in shares of AMETEK by 15.7% during the 1st quarter. PDS Planning Inc now owns 1,537 shares of the technology company's stock worth $265,000 after purchasing an additional 209 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of AMETEK by 12.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 38,618 shares of the technology company's stock valued at $6,648,000 after acquiring an additional 4,281 shares in the last quarter. Finally, Value Partners Investments Inc. boosted its stake in shares of AMETEK by 28.3% in the first quarter. Value Partners Investments Inc. now owns 6,708 shares of the technology company's stock worth $1,155,000 after acquiring an additional 1,480 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company's stock.

Wall Street Analyst Weigh In

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

AMETEK Stock Up 1.0%

Shares of NYSE AME traded up $1.86 during trading on Thursday, reaching $183.85. 211,644 shares of the stock were exchanged, compared to its average volume of 1,296,879. The company has a market capitalization of $42.45 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 2.74 and a beta of 1.09. The business's 50-day moving average price is $176.62 and its 200 day moving average price is $177.13. 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 twelve month low of $145.02 and a twelve month high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last posted 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. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.74 billion. AMETEK had a return on equity of 16.75% and a net margin of 20.43%. The company's revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the firm earned $1.64 earnings per share. As a group, equities analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.24 dividend on an annualized basis and a yield of 0.67%. AMETEK's payout ratio is currently 20.29%.

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.