Mizuho Securities USA LLC Sells 3,402 Shares of AMETEK, Inc. (NYSE:AME)

Key Points

• Mizuho Securities USA LLC reduced its holdings in AMETEK, Inc. by 15.5%, selling 3,402 shares during the first quarter, leaving them with 18,521 shares worth approximately $3.19 million.
• Several research firms have raised their price targets for AMETEK, with recommendations ranging from "hold" to "buy," and the average target price currently sits at $208.00.
• AMETEK announced a quarterly dividend of $0.31, with a dividend yield of 0.7%, set to be paid on September 30th to stockholders of record as of September 15th.

Mizuho Securities USA LLC trimmed its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 15.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,521 shares of the technology company's stock after selling 3,402 shares during the period. Mizuho Securities USA LLC's holdings in AMETEK were worth $3,188,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Olde Wealth Management LLC bought a new stake in shares of AMETEK during the first quarter worth approximately $29,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of AMETEK by 57.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company's stock worth $33,000 after buying an additional 71 shares during the last quarter. Banque Transatlantique SA bought a new stake in shares of AMETEK during the fourth quarter worth approximately $37,000. Zions Bancorporation National Association UT bought a new stake in shares of AMETEK during the first quarter worth approximately $42,000. Finally, Minot DeBlois Advisors LLC bought a new stake in shares of AMETEK during the fourth quarter worth approximately $43,000. 87.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on AME. Wall Street Zen raised shares of AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. DA Davidson boosted their price target on shares of AMETEK from $210.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Mizuho upped their target price on shares of AMETEK from $212.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. KeyCorp increased their target price on shares of AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada lifted their price target on shares of AMETEK from $209.00 to $212.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. 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 company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $208.00.

AMETEK Stock Down 0.2%

AMETEK stock opened at $181.94 on Monday. The stock has a market capitalization of $42.02 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 2.63 and a beta of 1.10. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $198.33. 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 company has a 50 day moving average of $179.90 and a 200-day moving average of $176.91.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.09. The company had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.74 billion. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.66 earnings per share. On average, equities research analysts anticipate that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.7%. AMETEK's dividend payout ratio (DPR) is presently 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.

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