Value Partners Investments Inc. Has $1.16 Million Holdings in AMETEK, Inc. (NYSE:AME)

Value Partners Investments Inc. increased its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 28.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,708 shares of the technology company's stock after buying an additional 1,480 shares during the quarter. Value Partners Investments Inc.'s holdings in AMETEK were worth $1,155,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AME. Banque Transatlantique SA acquired a new position in shares of AMETEK during the fourth quarter valued at $37,000. OFI Invest Asset Management acquired a new position in AMETEK during the 4th quarter valued at about $43,000. Minot DeBlois Advisors LLC bought a new position in AMETEK in the 4th quarter worth about $43,000. Golden State Wealth Management LLC increased its stake 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 valued at $51,000 after purchasing an additional 197 shares during the period. Finally, Ancora Advisors LLC raised its holdings in shares of AMETEK by 15,950.0% during the fourth quarter. Ancora Advisors LLC now owns 321 shares of the technology company's stock valued at $58,000 after buying an additional 319 shares during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Price Performance

NYSE AME traded up $2.09 on Thursday, reaching $180.09. The company's stock had a trading volume of 997,681 shares, compared to its average volume of 1,296,106. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $198.33. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.41. The firm's 50 day moving average is $174.33 and its two-hundred day moving average is $177.38. The stock has a market cap of $41.58 billion, a PE ratio of 29.48, a PEG ratio of 2.69 and a beta of 1.10.

AMETEK (NYSE:AME - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $1.75 EPS for the quarter, beating the consensus estimate 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 business's quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the business earned $1.64 earnings per share. As a group, sell-side analysts predict that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Announces Dividend

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 $0.31 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.69%. AMETEK's dividend payout ratio (DPR) is 20.29%.

Analyst Ratings Changes

AME has been the topic of several recent analyst reports. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Robert W. Baird cut their price objective on shares of AMETEK from $197.00 to $190.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Royal Bank Of Canada upped their price objective on shares of AMETEK from $194.00 to $201.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Truist Financial raised their target price 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. Finally, Mizuho set a $212.00 price target on shares of AMETEK in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $197.89.

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.