Dymon Asia Capital Singapore PTE. LTD. bought a new position in AMETEK, Inc. (NYSE:AME – Free Report) during the fourth quarter, Holdings Channel reports. The institutional investor bought 17,263 shares of the technology company’s stock, valued at approximately $3,544,000. AMETEK comprises about 0.3% of Dymon Asia Capital Singapore PTE. LTD.’s portfolio, making the stock its 27th largest position.
A number of other large investors have also recently bought and sold shares of AME. Sivia Capital Partners LLC bought a new position in AMETEK in the second quarter worth about $295,000. Baird Financial Group Inc. lifted its holdings in AMETEK by 16.1% in the second quarter. Baird Financial Group Inc. now owns 16,784 shares of the technology company’s stock worth $3,037,000 after acquiring an additional 2,323 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in AMETEK by 65.0% in the second quarter. NewEdge Advisors LLC now owns 3,946 shares of the technology company’s stock worth $714,000 after acquiring an additional 1,555 shares during the last quarter. Sei Investments Co. raised its holdings in shares of AMETEK by 38.2% during the second quarter. Sei Investments Co. now owns 223,227 shares of the technology company’s stock valued at $40,392,000 after buying an additional 61,672 shares during the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of AMETEK by 105.3% during the second quarter. Squarepoint Ops LLC now owns 158,274 shares of the technology company’s stock valued at $28,641,000 after buying an additional 81,178 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.
AMETEK Price Performance
NYSE AME opened at $226.97 on Friday. AMETEK, Inc. has a 12 month low of $174.43 and a 12 month high of $243.18. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.72. The firm has a market capitalization of $52.02 billion, a PE ratio of 34.29, a P/E/G ratio of 3.19 and a beta of 1.00. The company’s 50 day simple moving average is $228.92 and its 200 day simple moving average is $220.38.
AMETEK Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, June 15th. AMETEK’s dividend payout ratio (DPR) is currently 20.54%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on AME shares. Royal Bank Of Canada lifted their price target on AMETEK from $259.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Barclays lifted their price target on AMETEK from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. BMO Capital Markets started coverage on AMETEK in a report on Friday, March 27th. They set an “outperform” rating and a $253.00 price target on the stock. Mizuho set a $270.00 price target on AMETEK in a report on Friday, May 1st. Finally, Robert W. Baird set a $244.00 price target on AMETEK in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $252.33.
Get Our Latest Stock Analysis on AME
Insider Activity at AMETEK
In related news, Director Thomas A. Amato sold 530 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $216.78, for a total transaction of $114,893.40. Following the transaction, the director owned 4,480 shares in the company, valued at $971,174.40. This trade represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.
AMETEK Company Profile
AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.
The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.
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