Robeco Institutional Asset Management B.V. Has $6.65 Million Stake in AMETEK, Inc. (NYSE:AME)

Robeco Institutional Asset Management B.V. lifted its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 12.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,618 shares of the technology company's stock after buying an additional 4,281 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in AMETEK were worth $6,648,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AME. Bank Pictet & Cie Europe AG boosted its stake in AMETEK by 23.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 183,024 shares of the technology company's stock worth $32,992,000 after acquiring an additional 34,866 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in AMETEK by 35.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 54,097 shares of the technology company's stock valued at $9,752,000 after buying an additional 14,252 shares in the last quarter. Metis Global Partners LLC lifted its stake in AMETEK by 3.8% in the fourth quarter. Metis Global Partners LLC now owns 18,862 shares of the technology company's stock valued at $3,400,000 after buying an additional 694 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in AMETEK by 12.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,720 shares of the technology company's stock valued at $1,034,000 after buying an additional 641 shares in the last quarter. Finally, Norden Group LLC lifted its stake in AMETEK by 12.0% in the fourth quarter. Norden Group LLC now owns 2,344 shares of the technology company's stock valued at $423,000 after buying an additional 251 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

AMETEK Price Performance

Shares of AME opened at $180.48 on Monday. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year high of $198.33. The company has a market cap of $41.67 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.71 and a beta of 1.10. The company's fifty day simple moving average is $175.24 and its 200 day simple moving average is $177.10. The company has a current ratio of 1.41, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.69 by $0.06. AMETEK had a net margin of 20.43% and a return on equity of 16.75%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the company earned $1.64 earnings per share. The company's quarterly revenue was down .2% on a year-over-year basis. On average, 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 will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.31 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.24 annualized dividend and a dividend yield of 0.69%. AMETEK's dividend payout ratio is currently 20.29%.

Analyst Ratings Changes

AME has been the topic of a number of research reports. Robert W. Baird cut their price target 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. Morgan Stanley began coverage on shares of AMETEK in a research note on Monday, April 14th. They issued an "equal weight" rating and a $170.00 price target on the stock. Truist Financial boosted their price objective on shares of AMETEK from $196.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Wall Street Zen raised shares of AMETEK from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Mizuho set a $212.00 price objective on shares of AMETEK in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.

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