AMETEK, Inc. (NYSE:AME) Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lifted its stake in AMETEK, Inc. (NYSE:AME) by 4.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,340 shares of the technology company’s stock after purchasing an additional 61 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in AMETEK were worth $224,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in AME. International Assets Investment Management LLC purchased a new stake in shares of AMETEK during the 4th quarter worth approximately $205,270,000. SVB Wealth LLC purchased a new position in shares of AMETEK in the fourth quarter valued at $249,000. Daiwa Securities Group Inc. increased its position in shares of AMETEK by 7.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 25,099 shares of the technology company’s stock valued at $4,139,000 after buying an additional 1,714 shares in the last quarter. Xponance Inc. raised its stake in shares of AMETEK by 2.7% during the 4th quarter. Xponance Inc. now owns 29,510 shares of the technology company’s stock worth $4,866,000 after buying an additional 778 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in AMETEK in the 4th quarter valued at about $228,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

AMETEK Trading Up 0.6 %

Shares of NYSE:AME traded up $1.03 during midday trading on Wednesday, reaching $165.89. The company’s stock had a trading volume of 790,030 shares, compared to its average volume of 1,129,218. The firm has a market cap of $38.40 billion, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The business has a 50 day moving average price of $166.75 and a 200 day moving average price of $172.34. AMETEK, Inc. has a 1 year low of $136.89 and a 1 year high of $186.32. The company has a quick ratio of 0.66, a current ratio of 1.26 and a debt-to-equity ratio of 0.20.

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

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.28 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.68%. AMETEK’s dividend payout ratio (DPR) is presently 19.68%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AME shares. Redburn Atlantic upgraded shares of AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. Oppenheimer raised AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 target price on the stock in a research note on Wednesday, May 22nd. StockNews.com downgraded AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Robert W. Baird reduced their price objective on AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada dropped their price objective on AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AMETEK presently has an average rating of “Moderate Buy” and a consensus target price of $186.29.

Insider Activity

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

About AMETEK

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.