Valeo Financial Advisors LLC Invests $240,000 in AMETEK, Inc. (NYSE:AME)

Valeo Financial Advisors LLC bought a new stake in AMETEK, Inc. (NYSE:AME - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,395 shares of the technology company's stock, valued at approximately $240,000.

A number of other large investors also recently modified their holdings of AME. Olde Wealth Management LLC bought a new position in AMETEK in the 1st quarter worth $29,000. Banque Transatlantique SA purchased a new position in AMETEK in the fourth quarter worth $37,000. Minot DeBlois Advisors LLC purchased a new stake in shares of AMETEK during the fourth quarter valued at $43,000. Golden State Wealth Management LLC raised its position in shares of AMETEK by 201.0% in 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 during the period. Finally, Ancora Advisors LLC grew its stake in AMETEK by 15,950.0% during the 4th quarter. Ancora Advisors LLC now owns 321 shares of the technology company's stock valued at $58,000 after acquiring an additional 319 shares in the last quarter. Institutional investors own 87.43% of the company's stock.

AMETEK Price Performance

Shares of AMETEK stock traded down $1.91 on Tuesday, hitting $176.45. 1,584,963 shares of the company traded hands, compared to its average volume of 1,367,381. The company has a market cap of $40.74 billion, a P/E ratio of 28.88, a P/E/G ratio of 2.71 and a beta of 1.09. The firm's 50-day simple moving average is $178.82 and its 200 day simple moving average is $176.93. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month high of $198.33. 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 posted its quarterly earnings data on Thursday, May 1st. The technology company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.69 by $0.06. The business had revenue of $1.73 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.64 earnings per share. Analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Friday, June 13th. AMETEK's payout ratio is currently 20.29%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AME shares. Wall Street Zen upgraded AMETEK from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Morgan Stanley began coverage on AMETEK in a research note on Monday, April 14th. They set an "equal weight" rating and a $170.00 price target on the stock. Royal Bank Of Canada increased their price target on AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Robert W. Baird lowered their price objective on AMETEK from $197.00 to $190.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Finally, Melius downgraded AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price target on the stock. in a report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AMETEK currently has a consensus rating of "Moderate Buy" and a consensus target price of $197.30.

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.