AMETEK, Inc. (NYSE:AME) Shares Bought by Skandinaviska Enskilda Banken AB publ

Key Points

• Skandinaviska Enskilda Banken AB publ increased its stake in AMETEK, Inc. by 22.3% during the first quarter, owning a total of 55,330 shares valued at approximately $9,525,000.
• AMETEK reported a quarterly earnings per share of $1.75, surpassing analysts' expectations of $1.69, while its revenue for the quarter was $1.73 billion.
• The company recently declared a quarterly dividend of $0.31, translating to an annual yield of 0.69% and a dividend payout ratio of 20.29%.

Skandinaviska Enskilda Banken AB publ grew its position in AMETEK, Inc. (NYSE:AME - Free Report) by 22.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,330 shares of the technology company's stock after acquiring an additional 10,081 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in AMETEK were worth $9,525,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Olde Wealth Management LLC acquired a new stake in AMETEK in the 1st quarter worth about $29,000. Banque Transatlantique SA acquired a new position in shares of AMETEK in the 4th quarter valued at approximately $37,000. Minot DeBlois Advisors LLC acquired a new position in AMETEK during the fourth quarter worth about $43,000. Golden State Wealth Management LLC raised its stake in 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 acquiring an additional 197 shares in the last quarter. Finally, Ancora Advisors LLC raised its stake in AMETEK by 15,950.0% during the fourth quarter. Ancora Advisors LLC now owns 321 shares of the technology company's stock worth $58,000 after acquiring an additional 319 shares in the last quarter. Institutional investors own 87.43% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on AME. Truist Financial boosted their target price on shares of AMETEK from $196.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, May 5th. 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 target price on the stock. Wall Street Zen raised shares of AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Melius Research raised shares of AMETEK to a "hold" rating in a report on Monday, July 14th. Finally, Royal Bank Of Canada boosted their target price on shares of AMETEK from $194.00 to $201.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $197.30.

AMETEK Price Performance

Shares of NYSE:AME traded down $1.31 on Wednesday, hitting $177.65. The company's stock had a trading volume of 691,893 shares, compared to its average volume of 1,365,013. The company has a 50-day simple moving average of $179.25 and a 200 day simple moving average of $176.93. AMETEK, Inc. has a 1 year low of $145.02 and a 1 year high of $198.33. The company has a market capitalization of $41.02 billion, a PE ratio of 29.07, a PEG ratio of 2.68 and a beta of 1.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.41 and a quick ratio of 0.86.

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 (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.06. The company 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%. AMETEK's quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the business earned $1.64 EPS. Sell-side analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The firm 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. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, June 13th. AMETEK's payout ratio is 20.29%.

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.