Jefferies Financial Group Inc. trimmed its holdings in AMETEK, Inc. (NYSE:AME – Free Report) by 3.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 121,211 shares of the technology company’s stock after selling 4,301 shares during the period. Jefferies Financial Group Inc. owned 0.05% of AMETEK worth $30,028,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AME. First Command Advisory Services Inc. lifted its holdings in shares of AMETEK by 251.1% during the 3rd quarter. First Command Advisory Services Inc. now owns 797 shares of the technology company’s stock worth $197,000 after acquiring an additional 570 shares during the period. Silver Grove Financial Group Inc. grew its holdings in AMETEK by 24.2% in the third quarter. Silver Grove Financial Group Inc. now owns 478 shares of the technology company’s stock valued at $118,000 after purchasing an additional 93 shares during the period. AMG National Trust Bank purchased a new stake in AMETEK in the third quarter valued at approximately $229,000. Moneco Advisors LLC acquired a new position in AMETEK during the third quarter worth approximately $205,000. Finally, Lido Advisors LLC increased its position in AMETEK by 16.5% during the third quarter. Lido Advisors LLC now owns 10,502 shares of the technology company’s stock worth $2,602,000 after purchasing an additional 1,491 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have weighed in on AME shares. Seaport Research Partners lifted their price target on shares of AMETEK from $290.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Truist Financial upped their price objective on AMETEK from $303.00 to $316.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Rothschild & Co Redburn increased their target price on AMETEK from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Robert W. Baird increased their target price on AMETEK from $275.00 to $280.00 and gave the stock a “neutral” rating in a research report on Monday, October 5th. Finally, Deutsche Bank lifted their target price on AMETEK from $288.00 to $318.00 and gave the company a “buy” rating in a report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, AMETEK presently has a consensus rating of “Moderate Buy” and a consensus target price of $278.06.
View Our Latest Stock Report on AMETEK
AMETEK Price Performance
AME opened at $239.66 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.43 and a debt-to-equity ratio of 0.52. AMETEK, Inc. has a 52-week low of $188.47 and a 52-week high of $261.16. The company has a 50 day moving average of $243.17 and a two-hundred day moving average of $234.88. The company has a market cap of $54.96 billion, a P/E ratio of 33.80, a P/E/G ratio of 2.13 and a beta of 0.96.
AMETEK (NYSE:AME – Get Free Report) last issued its earnings results on Tuesday, November 3rd. The technology company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.10. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.12 billion. AMETEK had a net margin of 19.91% and a return on equity of 17.12%. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.89 EPS. On average, analysts expect that AMETEK, Inc. will post 8.58 earnings per share for the current year.
AMETEK Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, December 4th. AMETEK’s dividend payout ratio is currently 19.18%.
AMETEK Profile
AMETEK, Inc. is a global manufacturer of electronic instruments and electromechanical products. Its businesses serve a range of markets, including aerospace, energy, industrial manufacturing, medical, and transportation. The company’s products include analytical and process instruments, monitoring and measurement systems, aerospace components, precision motors and pumps, and engineered materials. AMETEK organizes its operations into two groups: Electronic Instruments and Electromechanical. Founded in 1930, AMETEK serves customers around the world through manufacturing facilities, sales offices, and service operations in multiple countries.
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