Keybank National Association OH Sells 833 Shares of AMETEK, Inc. (NYSE:AME)

Keybank National Association OH decreased its holdings in shares of AMETEK, Inc. (NYSE:AME) by 13.9% during the 1st quarter, Holdings Channel reports. The firm owned 5,173 shares of the technology company’s stock after selling 833 shares during the quarter. Keybank National Association OH’s holdings in AMETEK were worth $890,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Phraction Management LLC bought a new stake in shares of AMETEK during the 1st quarter valued at about $280,000. DAVENPORT & Co LLC boosted its position in shares of AMETEK by 0.8% during the 1st quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company’s stock valued at $1,226,000 after purchasing an additional 60 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of AMETEK by 0.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 37,229 shares of the technology company’s stock valued at $6,409,000 after purchasing an additional 220 shares in the last quarter. Mather Group LLC. raised its stake in AMETEK by 37.6% during the 1st quarter. Mather Group LLC. now owns 1,878 shares of the technology company’s stock worth $323,000 after buying an additional 513 shares during the period. Finally, Smith Salley Wealth Management raised its stake in AMETEK by 0.8% during the 1st quarter. Smith Salley Wealth Management now owns 129,732 shares of the technology company’s stock worth $22,332,000 after buying an additional 1,004 shares during the period. Institutional investors own 87.43% of the company’s stock.

AMETEK Stock Performance

Shares of AMETEK stock opened at $184.19 on Friday. The company has a market cap of $42.53 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $198.33. The business has a 50 day moving average price of $177.30 and a 200-day moving average price of $177.06. The company has a quick ratio of 0.86, a current ratio of 1.41 and a debt-to-equity ratio of 0.15.

AMETEK (NYSE:AME) last issued 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 firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.74 billion. AMETEK had a return on equity of 16.75% and a net margin of 20.43%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.64 earnings per share. Equities analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Friday, June 13th. AMETEK’s dividend payout ratio (DPR) is presently 20.29%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Robert W. Baird dropped their price target on AMETEK from $197.00 to $190.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Mizuho set a $212.00 price target on AMETEK in a research note on Friday, May 16th. Royal Bank Of Canada upped their price target on AMETEK from $194.00 to $201.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Truist Financial upped their price target on AMETEK from $196.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Finally, Morgan Stanley assumed 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. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.89.

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.