South Dakota Investment Council boosted its holdings in AMETEK, Inc. (NYSE:AME – Free Report) by 25.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,807 shares of the technology company’s stock after buying an additional 1,600 shares during the quarter. South Dakota Investment Council’s holdings in AMETEK were worth $1,413,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Bares Capital Management Inc. acquired a new stake in AMETEK in the first quarter valued at about $26,000. ST Germain D J Co. Inc. boosted its stake in AMETEK by 628.6% in the second quarter. ST Germain D J Co. Inc. now owns 153 shares of the technology company’s stock valued at $28,000 after buying an additional 132 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in AMETEK by 57.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company’s stock valued at $33,000 after purchasing an additional 71 shares during the last quarter. AdvisorShares Investments LLC bought a new position in AMETEK in the second quarter valued at about $39,000. Finally, Zions Bancorporation National Association UT bought a new position in AMETEK in the first quarter valued at about $42,000. 87.43% of the stock is owned by institutional investors and hedge funds.
AMETEK Price Performance
Shares of AME opened at $198.50 on Tuesday. AMETEK, Inc. has a 1 year low of $145.02 and a 1 year high of $204.15. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.04. The company has a market capitalization of $45.85 billion, a price-to-earnings ratio of 31.97, a price-to-earnings-growth ratio of 2.64 and a beta of 1.11. The business has a 50-day moving average of $186.99 and a 200-day moving average of $181.18.
AMETEK Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.31 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.24 annualized dividend and a yield of 0.6%. AMETEK’s payout ratio is currently 19.56%.
Insiders Place Their Bets
In other AMETEK news, insider Ronald J. Oscher sold 26,290 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $200.05, for a total value of $5,259,314.50. Following the transaction, the insider owned 40,226 shares of the company’s stock, valued at approximately $8,047,211.30. The trade was a 39.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.57% of the company’s stock.
Wall Street Analysts Forecast Growth
AME has been the subject of several research reports. Royal Bank Of Canada increased their target price on AMETEK from $212.00 to $229.00 and gave the company an “outperform” rating in a research report on Friday. Barclays increased their target price on AMETEK from $200.00 to $205.00 and gave the company an “equal weight” rating in a research report on Friday. Mizuho increased their target price on AMETEK from $212.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Melius Research upgraded AMETEK to a “hold” rating in a research report on Monday, July 14th. Finally, Morgan Stanley increased their target price on AMETEK from $185.00 to $198.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, AMETEK has a consensus rating of “Moderate Buy” and a consensus target price of $211.00.
Check Out Our Latest Stock Analysis on AME
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.
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