Banque Cantonale Vaudoise lifted its stake in AMETEK, Inc. (NYSE:AME – Free Report) by 924.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,750 shares of the technology company’s stock after purchasing an additional 3,384 shares during the quarter. Banque Cantonale Vaudoise’s holdings in AMETEK were worth $804,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of AME. Captrust Financial Advisors lifted its holdings in shares of AMETEK by 3.1% in the 3rd quarter. Captrust Financial Advisors now owns 268,096 shares of the technology company’s stock worth $50,402,000 after acquiring an additional 8,101 shares during the last quarter. Y.D. More Investments Ltd bought a new position in AMETEK during the 4th quarter valued at about $1,653,000. Massachusetts Financial Services Co. MA grew its holdings in AMETEK by 10.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 959,937 shares of the technology company’s stock valued at $197,085,000 after purchasing an additional 94,544 shares during the last quarter. MAI Capital Management raised its position in AMETEK by 33.8% in the 3rd quarter. MAI Capital Management now owns 18,403 shares of the technology company’s stock worth $3,460,000 after purchasing an additional 4,648 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in AMETEK by 6.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 487,238 shares of the technology company’s stock worth $101,901,000 after purchasing an additional 28,621 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.
AMETEK Trading Down 1.4%
Shares of NYSE:AME opened at $237.65 on Friday. The business’s 50-day moving average is $230.68 and its 200 day moving average is $223.07. AMETEK, Inc. has a 1 year low of $174.43 and a 1 year high of $244.71. The firm has a market capitalization of $54.47 billion, a P/E ratio of 35.90, a P/E/G ratio of 3.33 and a beta of 1.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.72.
AMETEK Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. AMETEK’s dividend payout ratio (DPR) is 20.54%.
Analysts Set New Price Targets
Several brokerages have commented on AME. Barclays upped their price objective on AMETEK from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Robert W. Baird set a $244.00 target price on AMETEK in a research report on Friday, May 1st. Truist Financial reissued a “buy” rating and set a $275.00 target price (up from $265.00) on shares of AMETEK in a research note on Monday, May 4th. DA Davidson restated a “buy” rating and issued a $265.00 price target on shares of AMETEK in a report on Monday, May 4th. Finally, BMO Capital Markets initiated coverage on shares of AMETEK in a research note on Friday, March 27th. They issued an “outperform” rating and a $253.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, AMETEK has an average rating of “Moderate Buy” and an average target price of $253.57.
Get Our Latest Stock Analysis on AMETEK
AMETEK 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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