Atlatl Advisers LLC decreased its position in shares of AMETEK, Inc. (NYSE:AME – Free Report) by 17.5% in the second quarter, Holdings Channel.com reports. The firm owned 1,505 shares of the technology company’s stock after selling 319 shares during the period. Atlatl Advisers LLC’s holdings in AMETEK were worth $272,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Bares Capital Management Inc. acquired a new stake in AMETEK during the first quarter valued at $26,000. ST Germain D J Co. Inc. boosted its position in AMETEK by 628.6% during the second quarter. ST Germain D J Co. Inc. now owns 153 shares of the technology company’s stock valued at $28,000 after purchasing an additional 132 shares during the last quarter. Olde Wealth Management LLC acquired a new stake in shares of AMETEK in the first quarter worth about $29,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of AMETEK by 57.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company’s stock worth $33,000 after purchasing an additional 71 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in shares of AMETEK during the 1st quarter worth about $42,000. Institutional investors and hedge funds own 87.43% of the company’s stock.
AMETEK Stock Down 1.2%
NYSE:AME opened at $186.96 on Friday. The stock’s fifty day moving average price is $186.02 and its two-hundred day moving average price is $179.50. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $198.33. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.63. The company has a market cap of $43.18 billion, a price-to-earnings ratio of 30.11, a P/E/G ratio of 2.69 and a beta of 1.11.
AMETEK Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.7%. AMETEK’s dividend payout ratio is 19.97%.
Analyst Ratings Changes
Several equities analysts recently weighed in on AME shares. Melius Research raised AMETEK to a “hold” rating in a research report on Monday, July 14th. Truist Financial boosted their price objective on AMETEK from $219.00 to $229.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Barclays assumed coverage on AMETEK in a research report on Wednesday, September 10th. They set an “equal weight” rating and a $200.00 price objective for the company. KeyCorp boosted their price target on AMETEK from $195.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Robert W. Baird upped their price objective on AMETEK from $190.00 to $198.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $207.42.
Get Our Latest Analysis on AMETEK
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.
Featured Articles
- Five stocks we like better than AMETEK
- Where Do I Find 52-Week Highs and Lows?
- Tractor Supply Stock Looks Like a Buy-and-Hold Winner
- Manufacturing Stocks Investing
- 3 Stocks Well Below 52-Week Highs Poised for a Q4 Rebound
- How to Calculate Inflation Rate
- Big Banks Are Setting the Tone as Earnings Season Kicks Off
Want to see what other hedge funds are holding AME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMETEK, Inc. (NYSE:AME – Free Report).
Receive News & Ratings for AMETEK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMETEK and related companies with MarketBeat.com's FREE daily email newsletter.
