Mn Services Vermogensbeheer B.V. Has $14.37 Million Stake in AMETEK, Inc. (NYSE:AME)

Mn Services Vermogensbeheer B.V. lessened its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 7.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 83,500 shares of the technology company's stock after selling 6,500 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in AMETEK were worth $14,374,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Banque Transatlantique SA acquired a new stake in AMETEK in the 4th quarter valued at about $37,000. OFI Invest Asset Management bought a new stake in shares of AMETEK during the fourth quarter valued at approximately $43,000. Minot DeBlois Advisors LLC acquired a new stake in shares of AMETEK in the fourth quarter valued at approximately $43,000. Ancora Advisors LLC increased its holdings in shares of AMETEK by 15,950.0% in the fourth quarter. Ancora Advisors LLC now owns 321 shares of the technology company's stock valued at $58,000 after purchasing an additional 319 shares in the last quarter. Finally, Catalyst Capital Advisors LLC raised its position in AMETEK by 188.1% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the technology company's stock worth $65,000 after purchasing an additional 237 shares during the last quarter. Institutional investors own 87.43% of the company's stock.

AMETEK Trading Down 1.7%

Shares of AME traded down $3.02 during trading hours on Tuesday, reaching $175.61. The stock had a trading volume of 967,913 shares, compared to its average volume of 1,289,402. The company has a market cap of $40.55 billion, a P/E ratio of 25.74, a P/E/G ratio of 2.68 and a beta of 1.10. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $198.33. The company has a quick ratio of 0.86, a current ratio of 1.41 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average of $171.87 and a 200 day moving average of $177.96.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings results 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. AMETEK had a return on equity of 16.75% and a net margin of 20.43%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the company earned $1.64 earnings per share. The company's revenue for the quarter was down .2% compared to the same quarter last year. On average, sell-side analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Friday, June 13th. AMETEK's dividend payout ratio is 20.29%.

Analyst Ratings Changes

Several equities research analysts have recently commented on AME shares. Truist Financial lifted their target price on AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Mizuho set a $212.00 price objective on AMETEK in a research report on Friday, May 16th. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Robert W. Baird reduced their target price on shares of AMETEK from $197.00 to $190.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, Morgan Stanley started coverage on shares of AMETEK in a research note on Monday, April 14th. They set an "equal weight" rating and a $170.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, AMETEK currently has a consensus rating of "Moderate Buy" and an average price target of $197.89.

Insider Transactions at AMETEK

In related news, Director Thomas A. Amato sold 710 shares of the company's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $176.64, for a total value of $125,414.40. Following the completion of the transaction, the director now directly owns 10,560 shares of the company's stock, valued at approximately $1,865,318.40. This represents a 6.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.57% of the stock is owned by insiders.

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.