AMETEK, Inc. $AME Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers lifted its position in shares of AMETEK, Inc. (NYSE:AMEFree Report) by 9.2% in the 1st quarter, Holdings Channel reports. The fund owned 50,157 shares of the technology company’s stock after buying an additional 4,240 shares during the period. Cetera Investment Advisers’ holdings in AMETEK were worth $10,752,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Florida Financial Advisors LLC boosted its position in shares of AMETEK by 2.2% during the fourth quarter. Florida Financial Advisors LLC now owns 1,974 shares of the technology company’s stock worth $406,000 after buying an additional 43 shares during the period. Plato Investment Management Ltd raised its stake in AMETEK by 0.4% during the 4th quarter. Plato Investment Management Ltd now owns 10,751 shares of the technology company’s stock valued at $2,218,000 after acquiring an additional 47 shares in the last quarter. Allegiance Financial Group Advisory Services LLC boosted its position in AMETEK by 4.0% during the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 1,254 shares of the technology company’s stock worth $257,000 after acquiring an additional 48 shares during the period. Washington Trust Advisors Inc. grew its stake in shares of AMETEK by 6.2% in the fourth quarter. Washington Trust Advisors Inc. now owns 850 shares of the technology company’s stock worth $175,000 after purchasing an additional 50 shares in the last quarter. Finally, Root Financial Partners LLC increased its holdings in shares of AMETEK by 18.3% during the first quarter. Root Financial Partners LLC now owns 323 shares of the technology company’s stock valued at $69,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Stock Performance

Shares of AME opened at $239.93 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.72. The firm’s 50 day moving average is $233.22 and its 200-day moving average is $228.42. AMETEK, Inc. has a 12-month low of $179.24 and a 12-month high of $244.71. The stock has a market capitalization of $54.99 billion, a P/E ratio of 36.24, a P/E/G ratio of 3.30 and a beta of 0.99.

AMETEK (NYSE:AMEGet Free Report) last released its earnings results on Thursday, April 30th. The technology company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.90 by $0.07. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.91 billion. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.75 earnings per share. Equities research analysts anticipate that AMETEK, Inc. will post 8.14 EPS for the current fiscal year.

AMETEK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. AMETEK’s dividend payout ratio is currently 20.54%.

Analyst Upgrades and Downgrades

AME has been the topic of a number of recent analyst reports. Citigroup started coverage on shares of AMETEK in a research note on Monday, June 15th. They set a “neutral” rating and a $257.00 price objective on the stock. Morgan Stanley raised their target price on shares of AMETEK from $235.00 to $245.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. Truist Financial boosted their price target on shares of AMETEK from $275.00 to $303.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Rothschild & Co Redburn set a $265.00 price target on shares of AMETEK in a research note on Thursday, June 18th. Finally, DA Davidson reiterated a “buy” rating and issued a $265.00 price objective on shares of AMETEK in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $256.29.

Check Out Our Latest Stock Analysis on AME

AMETEK Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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