Raiffeisen Bank International AG boosted its stake in AMETEK, Inc. (NYSE:AME – Free Report) by 6.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 51,681 shares of the technology company’s stock after buying an additional 3,071 shares during the period. Raiffeisen Bank International AG’s holdings in AMETEK were worth $10,700,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of AME. Sivia Capital Partners LLC bought a new stake in AMETEK in the 2nd quarter valued at about $295,000. Baird Financial Group Inc. boosted its holdings in AMETEK by 16.1% in the 2nd quarter. Baird Financial Group Inc. now owns 16,784 shares of the technology company’s stock valued at $3,037,000 after purchasing an additional 2,323 shares during the period. NewEdge Advisors LLC boosted its holdings in AMETEK by 65.0% in the 2nd quarter. NewEdge Advisors LLC now owns 3,946 shares of the technology company’s stock valued at $714,000 after purchasing an additional 1,555 shares during the period. Sei Investments Co. boosted its holdings in AMETEK by 38.2% in the 2nd quarter. Sei Investments Co. now owns 223,227 shares of the technology company’s stock valued at $40,392,000 after purchasing an additional 61,672 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in AMETEK by 105.3% in the 2nd quarter. Squarepoint Ops LLC now owns 158,274 shares of the technology company’s stock valued at $28,641,000 after purchasing an additional 81,178 shares during the period. Institutional investors own 87.43% of the company’s stock.
AMETEK Stock Performance
Shares of AMETEK stock opened at $226.04 on Friday. The company has a market cap of $51.81 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 3.11 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 0.72 and a debt-to-equity ratio of 0.10. The company has a 50 day moving average of $228.76 and a 200-day moving average of $220.34. AMETEK, Inc. has a 1-year low of $174.43 and a 1-year high of $243.18.
AMETEK Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.36 annualized dividend and a yield of 0.6%. AMETEK’s dividend payout ratio is presently 20.54%.
Insider Buying and Selling
In related news, Director Thomas A. Amato sold 530 shares of the stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $216.78, for a total value of $114,893.40. Following the completion of the transaction, the director owned 4,480 shares of the company’s stock, valued at $971,174.40. This represents a 10.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of AMETEK in a report on Wednesday, May 20th. Robert W. Baird set a $244.00 price target on shares of AMETEK in a report on Friday, May 1st. Wall Street Zen downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. DA Davidson reaffirmed a “buy” rating and set a $265.00 price target on shares of AMETEK in a report on Monday, May 4th. Finally, Mizuho set a $270.00 price target on shares of AMETEK in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $252.33.
About AMETEK
AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.
The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.
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