OneDigital Investment Advisors LLC Buys 1,836 Shares of AMETEK, Inc. (NYSE:AME)

OneDigital Investment Advisors LLC increased its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 7.0% 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 28,123 shares of the technology company's stock after purchasing an additional 1,836 shares during the period. OneDigital Investment Advisors LLC's holdings in AMETEK were worth $4,841,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of AMETEK by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 26,147,772 shares of the technology company's stock valued at $4,713,397,000 after buying an additional 282,208 shares in the last quarter. FMR LLC lifted its stake in shares of AMETEK by 1.1% in the 4th quarter. FMR LLC now owns 8,956,329 shares of the technology company's stock valued at $1,614,468,000 after purchasing an additional 98,546 shares during the last quarter. Capital World Investors lifted its stake in shares of AMETEK by 70.0% in the 4th quarter. Capital World Investors now owns 5,760,017 shares of the technology company's stock valued at $1,038,301,000 after purchasing an additional 2,371,062 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of AMETEK by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 5,526,369 shares of the technology company's stock valued at $993,546,000 after purchasing an additional 124,713 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of AMETEK in the 4th quarter valued at $697,080,000. Institutional investors own 87.43% of the company's stock.

AMETEK Trading Down 0.6%

NYSE AME traded down $1.01 during trading hours on Tuesday, hitting $181.36. The company's stock had a trading volume of 1,827,260 shares, compared to its average volume of 1,304,558. The stock has a fifty day moving average of $177.89 and a 200 day moving average of $177.04. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $198.33. The firm has a market capitalization of $41.87 billion, a P/E ratio of 29.68, a PEG ratio of 2.73 and a beta of 1.09. 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 (NYSE:AME - Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.06. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. AMETEK had a net margin of 20.43% and a return on equity of 16.75%. The business's revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the business posted $1.64 earnings per share. Equities research analysts forecast 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 was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Friday, June 13th. AMETEK's dividend payout ratio is 20.29%.

Analysts Set New Price Targets

A number of research firms have weighed in on AME. Robert W. Baird cut their target price on shares of AMETEK from $197.00 to $190.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Royal Bank Of Canada upped their target price on shares of AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Truist Financial upped their target price on shares of 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 shares of AMETEK in a research note on Friday, May 16th. Finally, Wall Street Zen raised shares of AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $197.89.

AMETEK 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.