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Oak Thistle LLC Acquires 10,487 Shares of AMETEK, Inc. (NYSE:AME)

AMETEK logo with Computer and Technology background

Oak Thistle LLC lifted its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 234.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,957 shares of the technology company's stock after acquiring an additional 10,487 shares during the period. Oak Thistle LLC's holdings in AMETEK were worth $2,575,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AME. Olde Wealth Management LLC acquired a new stake in AMETEK during the first quarter worth $29,000. Banque Transatlantique SA acquired a new stake in AMETEK during the fourth quarter worth $37,000. Minot DeBlois Advisors LLC acquired a new stake in AMETEK during the fourth quarter worth $43,000. Golden State Wealth Management LLC boosted its stake in AMETEK by 201.0% during the first quarter. Golden State Wealth Management LLC now owns 295 shares of the technology company's stock worth $51,000 after buying an additional 197 shares in the last quarter. Finally, Ancora Advisors LLC boosted its stake in AMETEK by 15,950.0% during the fourth quarter. Ancora Advisors LLC now owns 321 shares of the technology company's stock worth $58,000 after buying an additional 319 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. 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 on the stock. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Robert W. Baird cut their price objective on AMETEK from $197.00 to $190.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. 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 report on Friday, May 2nd. Finally, Truist Financial lifted their price target on AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $197.30.

Check Out Our Latest Report on AME

AMETEK Stock Up 0.1%

Shares of AME traded up $0.19 on Friday, hitting $179.91. The company's stock had a trading volume of 1,541,517 shares, compared to its average volume of 1,364,115. The firm has a market capitalization of $41.54 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 2.72 and a beta of 1.09. The firm's fifty day moving average price is $179.40 and its 200-day moving average price is $176.91. 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 fifty-two week low of $145.02 and a fifty-two week high of $198.33.

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

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid 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 was Friday, June 13th. AMETEK's dividend payout ratio is currently 20.29%.

AMETEK Profile

(Free Report)

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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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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