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

OneDigital Investment Advisors LLC grew its position in AMETEK, Inc. (NYSE:AME - Free Report) by 7.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,123 shares of the technology company's stock after acquiring 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.

Other institutional investors also recently modified their holdings of the company. Bank Pictet & Cie Europe AG increased its position in AMETEK by 23.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 183,024 shares of the technology company's stock worth $32,992,000 after buying an additional 34,866 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of AMETEK by 16.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 15,294 shares of the technology company's stock worth $2,757,000 after acquiring an additional 2,112 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in AMETEK by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,331,567 shares of the technology company's stock valued at $240,028,000 after acquiring an additional 39,918 shares during the period. Atria Investments Inc lifted its stake in shares of AMETEK by 1.6% during the 4th quarter. Atria Investments Inc now owns 8,063 shares of the technology company's stock worth $1,453,000 after buying an additional 125 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of AMETEK by 35.3% during the 4th quarter. M&T Bank Corp now owns 34,833 shares of the technology company's stock worth $6,279,000 after buying an additional 9,091 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Stock Performance

NYSE:AME opened at $184.19 on Friday. 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 0.86, a current ratio of 1.41 and a debt-to-equity ratio of 0.15. The stock's 50-day simple moving average is $177.30 and its 200 day simple moving average is $177.08. The firm has a market capitalization of $42.53 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09.

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

AMETEK Dividend Announcement

The company also recently declared 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 0.67%. The ex-dividend date of this dividend was Friday, June 13th. AMETEK's payout ratio is 20.29%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AME. Royal Bank Of Canada increased their target price on AMETEK from $194.00 to $201.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Robert W. Baird cut their price target on AMETEK from $197.00 to $190.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Mizuho set a $212.00 price objective on AMETEK in a research note on Friday, May 16th. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Morgan Stanley began coverage on AMETEK in a report on Monday, April 14th. They set an "equal weight" rating and a $170.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $197.89.

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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