Forum Financial Management LP boosted its holdings in shares of AMETEK, Inc. (NYSE:AME – Free Report) by 15.6% in the second quarter, Holdings Channel.com reports. The fund owned 2,697 shares of the technology company’s stock after buying an additional 363 shares during the quarter. Forum Financial Management LP’s holdings in AMETEK were worth $488,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Banco Santander S.A. grew its holdings in AMETEK by 20.8% during the 1st quarter. Banco Santander S.A. now owns 45,365 shares of the technology company’s stock worth $7,809,000 after acquiring an additional 7,799 shares during the period. M.D. Sass LLC grew its holdings in AMETEK by 2.1% during the 1st quarter. M.D. Sass LLC now owns 366,994 shares of the technology company’s stock worth $63,174,000 after acquiring an additional 7,666 shares during the period. DAVENPORT & Co LLC grew its holdings in AMETEK by 0.8% during the 1st quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company’s stock worth $1,226,000 after acquiring an additional 60 shares during the period. Raiffeisen Bank International AG grew its holdings in AMETEK by 16.5% during the 1st quarter. Raiffeisen Bank International AG now owns 44,647 shares of the technology company’s stock worth $7,607,000 after acquiring an additional 6,318 shares during the period. Finally, FORA Capital LLC grew its holdings in shares of AMETEK by 103.5% in the 1st quarter. FORA Capital LLC now owns 5,314 shares of the technology company’s stock valued at $915,000 after buying an additional 2,703 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.
AMETEK Trading Down 1.2%
AME opened at $186.96 on Friday. The stock has a market capitalization of $43.18 billion, a P/E ratio of 30.11, a P/E/G ratio of 2.72 and a beta of 1.11. AMETEK, Inc. has a 12 month low of $145.02 and a 12 month high of $198.33. The firm’s fifty day simple moving average is $186.02 and its 200 day simple moving average is $179.31. 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 Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.24 annualized dividend and a yield of 0.7%. AMETEK’s payout ratio is 19.97%.
Wall Street Analyst Weigh In
AME has been the subject of several research analyst reports. Barclays initiated coverage on shares of AMETEK in a report on Wednesday, September 10th. They issued an “equal weight” rating and a $200.00 price target for the company. Melius lowered 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. TD Cowen raised shares of AMETEK from a “sell” rating to a “hold” rating and boosted their price target for the company from $158.00 to $180.00 in a report on Tuesday, September 2nd. KeyCorp boosted their price target on shares of AMETEK from $195.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, DA Davidson boosted their price target on shares of AMETEK from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 1st. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, AMETEK presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.42.
View Our Latest Stock Report on AMETEK
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.
Recommended Stories
- Five stocks we like better than AMETEK
- What is a Dividend King?
- Rayonier-PotlatchDeltic Merger Signals Industry Upside
- How to Buy Gold Stock and Invest in Gold
- Hims & Hers Short Interest Nears All-Time High, Buy The Dip?
- What does consumer price index measure?
- This Defense Stock Has a $57B Backlog and New AI Tailwinds
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.
