Virtu Financial LLC Invests $1.83 Million in AMETEK, Inc. (NYSE:AME)

Key Points

• Virtu Financial LLC invested $1.83 million in AMETEK, acquiring 10,616 shares, according to its recent Form 13F filing.
• AMETEK recently announced a quarterly dividend of $0.31 per share, with an annualized yield of 0.7%.
• Analysts currently have a consensus rating of "Moderate Buy" for AMETEK, with a price target of $208.00.

Virtu Financial LLC purchased a new stake in AMETEK, Inc. (NYSE:AME - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 10,616 shares of the technology company's stock, valued at approximately $1,827,000.

A number of other institutional investors have also made changes to their positions in the company. Olde Wealth Management LLC bought a new position in AMETEK during the 1st quarter worth $29,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in AMETEK by 57.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company's stock worth $33,000 after buying an additional 71 shares during the last quarter. Banque Transatlantique SA bought a new position in AMETEK during the 4th quarter worth $37,000. Zions Bancorporation National Association UT bought a new position in AMETEK during the 1st quarter worth $42,000. Finally, Minot DeBlois Advisors LLC bought a new position in AMETEK during the 4th quarter worth $43,000. 87.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. DA Davidson upped their price objective on AMETEK from $210.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Royal Bank Of Canada boosted their price target on AMETEK from $209.00 to $212.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Morgan Stanley boosted their price target on AMETEK from $185.00 to $198.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Melius Research upgraded AMETEK to a "hold" rating in a research report on Monday, July 14th. Finally, Melius lowered AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price target for the company. in a research report on Monday, July 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, AMETEK currently has an average rating of "Moderate Buy" and an average price target of $208.00.

AMETEK Trading Up 1.1%

Shares of AMETEK stock traded up $1.96 on Wednesday, reaching $186.90. 1,139,697 shares of the company were exchanged, compared to its average volume of 1,472,135. The firm has a market capitalization of $43.16 billion, a price-to-earnings ratio of 30.10, a price-to-earnings-growth ratio of 2.67 and a beta of 1.10. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $198.33. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average price of $180.16 and a 200-day moving average price of $176.93.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.09. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. AMETEK had a return on equity of 16.53% and a net margin of 20.60%. AMETEK's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 earnings per share. On average, analysts expect that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 15th. AMETEK's payout ratio is presently 19.97%.

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.