Roundview Capital LLC Has $3.60 Million Stock Holdings in AMETEK, Inc. (NYSE:AME)

Roundview Capital LLC raised its position in AMETEK, Inc. (NYSE:AME - Free Report) by 19.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,908 shares of the technology company's stock after purchasing an additional 3,452 shares during the period. Roundview Capital LLC's holdings in AMETEK were worth $3,599,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Bank Pictet & Cie Europe AG boosted its holdings in shares of AMETEK by 23.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 183,024 shares of the technology company's stock valued at $32,992,000 after buying an additional 34,866 shares during the period. Sei Investments Co. boosted its holdings in shares of AMETEK by 0.9% in the fourth quarter. Sei Investments Co. now owns 149,668 shares of the technology company's stock valued at $26,975,000 after buying an additional 1,373 shares during the period. LPL Financial LLC boosted its holdings in shares of AMETEK by 8.9% in the fourth quarter. LPL Financial LLC now owns 116,305 shares of the technology company's stock valued at $20,965,000 after buying an additional 9,466 shares during the period. Vanguard Group Inc. boosted its holdings in AMETEK by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 26,147,772 shares of the technology company's stock worth $4,713,397,000 after purchasing an additional 282,208 shares during the last quarter. Finally, Korea Investment CORP boosted its holdings in AMETEK by 82.6% during the fourth quarter. Korea Investment CORP now owns 156,498 shares of the technology company's stock worth $28,210,000 after purchasing an additional 70,795 shares during the last quarter. Institutional investors own 87.43% of the company's stock.

AMETEK Stock Performance

NYSE:AME traded up $0.19 during mid-day trading on Friday, reaching $179.91. 1,541,943 shares of the company's stock were exchanged, compared to its average volume of 1,365,088. AMETEK, Inc. has a one year low of $145.02 and a one year high of $198.33. The firm has a market capitalization of $41.54 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 2.72 and a beta of 1.09. The business's fifty day simple moving average is $179.40 and its two-hundred day simple moving average is $176.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.41.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings data 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 firm 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 business's revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.64 earnings per share. Analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.69%. AMETEK's payout ratio is currently 20.29%.

Analyst Ratings Changes

AME has been the subject of several recent research reports. Robert W. Baird reduced their target price on shares of AMETEK from $197.00 to $190.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Wall Street Zen upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. 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 for the company. Melius cut shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price target for the company. in a research note on Monday, July 14th. Finally, Truist Financial increased their price target 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. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $197.30.

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.