Oddo BHF Asset Management Sas Acquires 3,917 Shares of AMETEK, Inc. $AME

Oddo BHF Asset Management Sas lifted its stake in AMETEK, Inc. (NYSE:AME) by 13.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,237 shares of the technology company’s stock after purchasing an additional 3,917 shares during the period. Oddo BHF Asset Management Sas’ holdings in AMETEK were worth $6,907,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Bull Harbor Capital LLC acquired a new position in shares of AMETEK during the 1st quarter worth about $699,000. Sunbelt Securities Inc. boosted its stake in AMETEK by 10,800.0% during the 1st quarter. Sunbelt Securities Inc. now owns 981 shares of the technology company’s stock worth $210,000 after acquiring an additional 972 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in AMETEK by 25.2% in the first quarter. EverSource Wealth Advisors LLC now owns 3,357 shares of the technology company’s stock valued at $720,000 after purchasing an additional 675 shares in the last quarter. Quantinno Capital Management LP raised its holdings in AMETEK by 27.0% in the first quarter. Quantinno Capital Management LP now owns 160,562 shares of the technology company’s stock worth $34,418,000 after purchasing an additional 34,149 shares during the period. Finally, SummitTX Capital L.P. grew its holdings in shares of AMETEK by 68.6% in the 1st quarter. SummitTX Capital L.P. now owns 34,106 shares of the technology company’s stock valued at $7,311,000 after buying an additional 13,877 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. DA Davidson reiterated a “buy” rating and set a $265.00 target price on shares of AMETEK in a report on Monday, May 4th. Weiss Ratings cut AMETEK from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Citigroup assumed coverage on shares of AMETEK in a research note on Monday, June 15th. They issued a “neutral” rating and a $257.00 price target on the stock. Royal Bank Of Canada increased their price objective on shares of AMETEK from $259.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Finally, Wall Street Zen cut shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, AMETEK currently has an average rating of “Moderate Buy” and a consensus price target of $256.29.

AMETEK Stock Down 2.4%

Shares of AMETEK stock opened at $235.74 on Thursday. The firm has a market cap of $54.03 billion, a PE ratio of 35.61, a P/E/G ratio of 3.38 and a beta of 0.99. The business’s 50 day simple moving average is $232.88 and its 200 day simple moving average is $228.22. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.72 and a current ratio of 1.14. AMETEK, Inc. has a 52-week low of $175.61 and a 52-week high of $244.71.

AMETEK (NYSE:AME) last released its quarterly earnings results on Thursday, April 30th. The technology company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.07. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.91 billion. AMETEK had a return on equity of 16.63% and a net margin of 20.11%.The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.75 EPS. On average, analysts predict that AMETEK, Inc. will post 8.14 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were 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 was Monday, June 15th. AMETEK’s dividend payout ratio is currently 20.54%.

About AMETEK

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.