National Pension Service Has $52.27 Million Stock Position in AMETEK, Inc. $AME

Key Points

• The National Pension Service increased its holdings in AMETEK, Inc. by 11.1%, owning 303,672 shares worth approximately $52.27 million.
• AMETEK recently reported earnings of $1.78 per share, exceeding expectations, with a revenue increase of 2.5% year-over-year.
• The company will pay a quarterly dividend of $0.31 per share on September 30, with a current dividend yield of 0.7% and a payout ratio of 19.97%.

National Pension Service raised its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,672 shares of the technology company's stock after buying an additional 30,303 shares during the period. National Pension Service owned 0.13% of AMETEK worth $52,274,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Banco Santander S.A. increased its stake in AMETEK by 20.8% during the first quarter. Banco Santander S.A. now owns 45,365 shares of the technology company's stock valued at $7,809,000 after acquiring an additional 7,799 shares during the period. M.D. Sass LLC boosted its holdings in AMETEK by 2.1% during the first quarter. M.D. Sass LLC now owns 366,994 shares of the technology company's stock valued at $63,174,000 after purchasing an additional 7,666 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in AMETEK by 0.8% during the first quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company's stock valued at $1,226,000 after purchasing an additional 60 shares in the last quarter. Raiffeisen Bank International AG boosted its holdings in AMETEK by 16.5% during the first quarter. Raiffeisen Bank International AG now owns 44,647 shares of the technology company's stock valued at $7,607,000 after purchasing an additional 6,318 shares in the last quarter. Finally, Sowell Financial Services LLC acquired a new stake in AMETEK during the first quarter valued at approximately $293,000. 87.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AME has been the topic of several recent analyst reports. KeyCorp boosted their target price on AMETEK from $195.00 to $205.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. DA Davidson increased their price objective on AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Melius Research upgraded AMETEK to a "hold" rating in a research report on Monday, July 14th. Royal Bank Of Canada increased their price objective on AMETEK from $209.00 to $212.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Melius lowered AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective on the stock. in a research report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $208.00.

AMETEK Trading Up 0.7%

AME stock traded up $1.27 during midday trading on Monday, hitting $182.63. 1,753,388 shares of the company's stock were exchanged, compared to its average volume of 1,376,526. The stock's fifty day moving average price is $180.57 and its 200-day moving average price is $176.89. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.63. The company has a market cap of $42.18 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 2.61 and a beta of 1.10. AMETEK, Inc. has a one year low of $145.02 and a one year high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last posted its earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.09. AMETEK had a return on equity of 16.53% and a net margin of 20.60%. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the company posted $1.66 earnings per share. The company's revenue for the quarter was up 2.5% on a year-over-year basis. Research analysts predict that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.24 annualized dividend and a dividend yield of 0.7%. AMETEK's dividend payout ratio (DPR) is currently 19.97%.

About AMETEK

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.