Roffman Miller Associates Inc. PA Has $23.97 Million Stock Holdings in AMETEK, Inc. (NYSE:AME)

Roffman Miller Associates Inc. PA grew its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 139,217 shares of the technology company's stock after purchasing an additional 3,970 shares during the quarter. AMETEK makes up 1.5% of Roffman Miller Associates Inc. PA's portfolio, making the stock its 26th biggest position. Roffman Miller Associates Inc. PA owned 0.06% of AMETEK worth $23,965,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AME. Olde Wealth Management LLC purchased a new stake in shares of AMETEK in the 1st quarter valued at $29,000. Banque Transatlantique SA acquired a new position in AMETEK during the fourth quarter worth $37,000. OFI Invest Asset Management acquired a new position in AMETEK during the fourth quarter worth $43,000. Minot DeBlois Advisors LLC purchased a new stake in shares of AMETEK during the fourth quarter worth $43,000. Finally, Golden State Wealth Management LLC grew its holdings in shares of 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. Hedge funds and other institutional investors own 87.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Robert W. Baird lowered their target price on shares of AMETEK from $197.00 to $190.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Morgan Stanley began coverage on shares of AMETEK in a report on Monday, April 14th. They set an "equal weight" rating and a $170.00 price objective on the stock. Royal Bank Of Canada raised their target price on shares of AMETEK from $194.00 to $201.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Wall Street Zen upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Truist Financial raised their target price on AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a report on Monday, May 5th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $197.89.

AMETEK Trading Down 0.6%

AME stock traded down $1.01 during mid-day trading on Tuesday, reaching $181.36. 1,827,260 shares of the stock traded hands, compared to its average volume of 1,304,558. 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, Inc. has a 52-week low of $145.02 and a 52-week high of $198.33. The company has a market cap of $41.87 billion, a P/E ratio of 29.68, a P/E/G ratio of 2.76 and a beta of 1.09. The stock's fifty day moving average is $177.62 and its 200-day moving average is $177.01.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.06. The business had revenue of $1.73 billion during 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 firm's revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 earnings per share. As a group, sell-side analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.31 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.24 dividend on an annualized basis and a yield of 0.68%. AMETEK's dividend payout ratio is currently 20.29%.

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.