Edmond DE Rothschild Holding S.A. boosted its holdings in AMETEK, Inc. (NYSE:AME – Free Report) by 18.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,202 shares of the technology company’s stock after acquiring an additional 502 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in AMETEK were worth $579,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in AME. Steward Partners Investment Advisory LLC lifted its holdings in shares of AMETEK by 2.6% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 16,115 shares of the technology company’s stock worth $2,916,000 after purchasing an additional 412 shares during the last quarter. CreativeOne Wealth LLC increased its position in AMETEK by 10.0% in the second quarter. CreativeOne Wealth LLC now owns 3,016 shares of the technology company’s stock worth $546,000 after buying an additional 274 shares during the period. Eisler Capital Management Ltd. increased its position in AMETEK by 23.3% in the second quarter. Eisler Capital Management Ltd. now owns 116,934 shares of the technology company’s stock worth $21,166,000 after buying an additional 22,068 shares during the period. Coldstream Capital Management Inc. lifted its stake in AMETEK by 2.1% in the second quarter. Coldstream Capital Management Inc. now owns 5,715 shares of the technology company’s stock valued at $1,034,000 after buying an additional 116 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of AMETEK by 0.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,364,232 shares of the technology company’s stock valued at $246,871,000 after acquiring an additional 10,598 shares during the period. 87.43% of the stock is owned by institutional investors.
AMETEK Stock Down 0.4%
AME stock opened at $196.40 on Thursday. The firm has a market cap of $45.21 billion, a PE ratio of 31.63, a P/E/G ratio of 2.64 and a beta of 1.12. AMETEK, Inc. has a 12 month low of $145.02 and a 12 month 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 firm has a 50 day simple moving average of $189.67 and a 200 day simple moving average of $184.49.
AMETEK Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, December 5th. AMETEK’s dividend payout ratio is currently 19.56%.
Insiders Place Their Bets
In other news, CEO David A. Zapico sold 88,000 shares of AMETEK stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $196.39, for a total value of $17,282,320.00. Following the transaction, the chief executive officer directly owned 348,955 shares of the company’s stock, valued at $68,531,272.45. This trade represents a 20.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ronald J. Oscher sold 26,290 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $200.05, for a total transaction of $5,259,314.50. Following the completion of the sale, the insider owned 40,226 shares of the company’s stock, valued at approximately $8,047,211.30. This trade represents a 39.52% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.57% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the stock. DA Davidson lifted their price objective on shares of AMETEK from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Barclays lifted their price target on AMETEK from $200.00 to $205.00 and gave the company an “equal weight” rating in a report on Friday, October 31st. KeyCorp increased their price objective on AMETEK from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Morgan Stanley raised 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. Finally, Truist Financial boosted their price target on AMETEK from $219.00 to $229.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $211.00.
Read Our Latest Report on AMETEK
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.
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