AMETEK, Inc. (NYSE:AME) Position Increased by Everpar Advisors LLC

Everpar Advisors LLC increased its stake in AMETEK, Inc. (NYSE:AME) by 4.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,698 shares of the technology company’s stock after purchasing an additional 68 shares during the period. Everpar Advisors LLC’s holdings in AMETEK were worth $283,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AME. Norges Bank bought a new stake in shares of AMETEK in the 4th quarter worth approximately $589,098,000. JPMorgan Chase & Co. raised its stake in AMETEK by 48.4% during the 1st quarter. JPMorgan Chase & Co. now owns 7,075,565 shares of the technology company’s stock valued at $1,294,121,000 after acquiring an additional 2,306,535 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in AMETEK by 4,845.8% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 677,075 shares of the technology company’s stock valued at $111,643,000 after acquiring an additional 663,385 shares in the last quarter. Maren Capital LLC bought a new stake in AMETEK during the 4th quarter valued at $64,284,000. Finally, Dimensional Fund Advisors LP raised its stake in AMETEK by 17.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,701,558 shares of the technology company’s stock valued at $280,573,000 after acquiring an additional 255,193 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.

Insider Activity

In other news, Director Steven W. Kohlhagen sold 1,440 shares of AMETEK stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $173.93, for a total transaction of $250,459.20. Following the transaction, the director now owns 24,809 shares in the company, valued at $4,315,029.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Royal Bank of Canada cut their target price on AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. StockNews.com downgraded AMETEK from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Redburn Atlantic upgraded AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. Truist Financial lowered their price target on AMETEK from $204.00 to $201.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, Oppenheimer upgraded AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 price target on the stock in a research report on Wednesday, May 22nd. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.29.

AMETEK Price Performance

Shares of NYSE AME traded down $0.46 during mid-day trading on Friday, reaching $162.69. The company had a trading volume of 1,039,517 shares, compared to its average volume of 1,133,188. The company has a current ratio of 1.26, a quick ratio of 0.66 and a debt-to-equity ratio of 0.20. The stock has a market cap of $37.66 billion, a PE ratio of 28.59, a P/E/G ratio of 2.57 and a beta of 1.18. The company has a 50-day moving average price of $167.07 and a two-hundred day moving average price of $172.30. AMETEK, Inc. has a 1-year low of $136.89 and a 1-year high of $186.32.

AMETEK (NYSE:AME) last issued its earnings results on Thursday, August 1st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.78 billion. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.57 EPS. On average, equities analysts anticipate that AMETEK, Inc. will post 6.78 earnings per share for the current year.

AMETEK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. AMETEK’s dividend payout ratio is 19.68%.

AMETEK 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.