Simon Quick Advisors LLC Invests $325,000 in AMETEK, Inc. (NYSE:AME)

Simon Quick Advisors LLC purchased a new stake in AMETEK, Inc. (NYSE:AME - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 1,890 shares of the technology company's stock, valued at approximately $325,000.

Other institutional investors have also recently made changes to their positions in the company. National Bank of Canada FI boosted its holdings in AMETEK by 17.4% in the 4th quarter. National Bank of Canada FI now owns 142,093 shares of the technology company's stock valued at $25,616,000 after purchasing an additional 21,009 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in AMETEK by 16.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 88,898 shares of the technology company's stock worth $16,025,000 after purchasing an additional 12,584 shares during the period. Fox Run Management L.L.C. lifted its holdings in AMETEK by 74.1% during the 4th quarter. Fox Run Management L.L.C. now owns 8,418 shares of the technology company's stock worth $1,517,000 after buying an additional 3,584 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in AMETEK by 7.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,512,437 shares of the technology company's stock valued at $272,632,000 after purchasing an additional 107,303 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of AMETEK by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,331,567 shares of the technology company's stock worth $240,028,000 after buying an additional 39,918 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on AME. Morgan Stanley began coverage on AMETEK in a report on Monday, April 14th. They issued an "equal weight" rating and a $170.00 price objective on the stock. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Truist Financial lifted their target price on shares of AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a report on Monday, May 5th. Mizuho set a $212.00 target price on AMETEK in a research report on Friday, May 16th. Finally, Royal Bank of Canada raised their target price on AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AMETEK currently has an average rating of "Moderate Buy" and a consensus price target of $197.89.

Insider Activity at AMETEK

In other AMETEK news, Director Thomas A. Amato sold 710 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $176.64, for a total value of $125,414.40. Following the sale, the director now owns 10,560 shares in the company, valued at approximately $1,865,318.40. This trade represents a 6.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.57% of the stock is currently owned by company insiders.

AMETEK Price Performance

Shares of AME traded up $1.59 during mid-day trading on Monday, reaching $178.55. 1,450,015 shares of the company's stock were exchanged, compared to its average volume of 1,291,476. The company has a 50-day simple moving average of $171.32 and a two-hundred day simple moving average of $178.07. The company has a market cap of $41.22 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 2.73 and a beta of 1.10. The company has a quick ratio of 0.75, a current ratio of 1.24 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.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.06. AMETEK had a return on equity of 16.94% and a net margin of 19.83%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the company posted $1.64 EPS. The business's revenue for the quarter was down .2% compared to the same quarter last year. On average, sell-side analysts predict that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, June 13th. AMETEK's dividend payout ratio (DPR) is presently 20.29%.

About AMETEK

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.