Rathbones Group PLC Sells 525 Shares of AMETEK, Inc. (NYSE:AME)

Rathbones Group PLC reduced its stake in AMETEK, Inc. (NYSE:AME) by 4.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,951 shares of the technology company’s stock after selling 525 shares during the period. Rathbones Group PLC’s holdings in AMETEK were worth $2,057,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AME. Banco Santander S.A. boosted its stake in AMETEK by 20.8% in the 1st quarter. Banco Santander S.A. now owns 45,365 shares of the technology company’s stock worth $7,809,000 after purchasing an additional 7,799 shares during the period. M.D. Sass LLC boosted its position in shares of AMETEK by 2.1% in the first quarter. M.D. Sass LLC now owns 366,994 shares of the technology company’s stock valued at $63,174,000 after acquiring an additional 7,666 shares during the period. DAVENPORT & Co LLC grew its stake in AMETEK by 0.8% during the first quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company’s stock valued at $1,226,000 after acquiring an additional 60 shares in the last quarter. Raiffeisen Bank International AG grew its stake in AMETEK by 16.5% during the first quarter. Raiffeisen Bank International AG now owns 44,647 shares of the technology company’s stock valued at $7,607,000 after acquiring an additional 6,318 shares in the last quarter. Finally, Sowell Financial Services LLC bought a new stake in AMETEK during the 1st quarter worth approximately $293,000. 87.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on AME shares. Melius downgraded shares of AMETEK from a “buy” rating to a “hold” rating and set a $192.00 price target for the company. in a report on Monday, July 14th. KeyCorp lifted their price objective on AMETEK from $195.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Robert W. Baird upped their target price on AMETEK from $190.00 to $198.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Truist Financial lifted their price target on AMETEK from $196.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Finally, Wall Street Zen raised AMETEK from a “hold” rating to a “buy” rating in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $208.00.

AMETEK Trading Up 1.1%

NYSE AME opened at $186.90 on Thursday. The firm has a market cap of $43.16 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 2.67 and a beta of 1.10. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year high of $198.33. The stock has a 50-day moving average of $180.36 and a 200-day moving average of $177.00. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.09. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. AMETEK had a net margin of 20.60% and a return on equity of 16.53%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.66 EPS. As a group, sell-side analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.24 dividend on an annualized basis and a yield of 0.7%. AMETEK’s dividend payout ratio (DPR) is presently 19.97%.

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.