Banque Cantonale Vaudoise Makes New Investment in AMETEK, Inc. (NYSE:AME)

Banque Cantonale Vaudoise acquired a new position in shares of AMETEK, Inc. (NYSE:AME) during the 1st quarter, Holdings Channel reports. The firm acquired 3,383 shares of the technology company’s stock, valued at approximately $582,000.

Other hedge funds have also bought and sold shares of the company. Bank Pictet & Cie Europe AG boosted its stake in AMETEK by 23.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 183,024 shares of the technology company’s stock valued at $32,992,000 after buying an additional 34,866 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in AMETEK by 14.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 17,500 shares of the technology company’s stock valued at $3,155,000 after buying an additional 2,221 shares during the period. National Bank of Canada FI boosted its position in shares of AMETEK by 17.4% during the 4th quarter. National Bank of Canada FI now owns 142,093 shares of the technology company’s stock valued at $25,616,000 after purchasing an additional 21,009 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of AMETEK during the 4th quarter valued at $1,075,000. Finally, Huntington National Bank raised its stake in AMETEK by 9.2% during the 4th quarter. Huntington National Bank now owns 2,237 shares of the technology company’s stock worth $403,000 after buying an additional 189 shares during the period. 87.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AME has been the subject of a number of analyst reports. Truist Financial lifted their price objective on shares of AMETEK from $196.00 to $200.00 and gave the company a “buy” rating in a report on Monday, May 5th. Morgan Stanley began coverage on shares of AMETEK in a research report on Monday, April 14th. They set an “equal weight” rating and a $170.00 target price for the company. Melius downgraded shares of AMETEK from a “buy” rating to a “hold” rating and set a $192.00 price objective on the stock. in a report on Monday, July 14th. Melius Research raised AMETEK to a “hold” rating in a report on Monday, July 14th. Finally, Royal Bank Of Canada increased their price objective on AMETEK from $209.00 to $212.00 and gave the stock an “outperform” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $200.18.

AMETEK Stock Performance

NYSE AME opened at $182.18 on Friday. The firm has a market cap of $42.06 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 2.77 and a beta of 1.10. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month high of $198.33. The company has a quick ratio of 0.86, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. The company has a 50-day simple moving average of $179.44 and a two-hundred day simple moving average of $177.01.

AMETEK (NYSE:AME) last released its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.09. AMETEK had a return on equity of 16.53% and a net margin of 20.60%. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the company posted $1.66 EPS. AMETEK’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, June 13th. AMETEK’s payout ratio is 20.29%.

AMETEK Company 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.