Mountain Pacific Investment Advisers LLC reduced its holdings in shares of AMETEK, Inc. (NYSE:AME – Free Report) by 3.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 180,304 shares of the technology company’s stock after selling 7,292 shares during the quarter. AMETEK accounts for 6.6% of Mountain Pacific Investment Advisers LLC’s portfolio, making the stock its 2nd largest position. Mountain Pacific Investment Advisers LLC’s holdings in AMETEK were worth $38,650,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. CoreCap Advisors LLC lifted its holdings in shares of AMETEK by 84.3% during the 4th quarter. CoreCap Advisors LLC now owns 129 shares of the technology company’s stock valued at $26,000 after acquiring an additional 59 shares in the last quarter. MV Capital Management Inc. acquired a new stake in AMETEK in the 4th quarter valued at $28,000. Darwin Wealth Management LLC acquired a new stake in AMETEK in the 2nd quarter valued at $25,000. BOKF NA raised its position in AMETEK by 137.7% in the fourth quarter. BOKF NA now owns 145 shares of the technology company’s stock valued at $30,000 after purchasing an additional 84 shares during the period. Finally, Transamerica Financial Advisors LLC raised its position in AMETEK by 73.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 153 shares of the technology company’s stock valued at $31,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.
AMETEK Stock Performance
Shares of AME stock opened at $237.27 on Monday. 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 company’s fifty day moving average price is $230.23 and its two-hundred day moving average price is $221.86. The firm has a market capitalization of $54.38 billion, a P/E ratio of 35.84, a P/E/G ratio of 3.33 and a beta of 1.00. AMETEK, Inc. has a 12 month low of $174.43 and a 12 month high of $243.18.
AMETEK Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, June 15th. AMETEK’s dividend payout ratio (DPR) is 20.54%.
Analyst Ratings Changes
AME has been the subject of several analyst reports. Barclays upped their target price on AMETEK from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Royal Bank Of Canada raised their target price on AMETEK from $259.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, May 1st. BMO Capital Markets began coverage on AMETEK in a research report on Friday, March 27th. They set an “outperform” rating and a $253.00 price target on the stock. Weiss Ratings cut AMETEK from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Finally, Rothschild & Co Redburn set a $265.00 price objective on shares of AMETEK in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $253.57.
Check Out Our Latest Stock Report on AMETEK
Insider Transactions at AMETEK
In other AMETEK news, Director Thomas A. Amato sold 530 shares of AMETEK stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $216.78, for a total transaction of $114,893.40. Following the sale, the director directly owned 4,480 shares in the company, valued at $971,174.40. The trade was a 10.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.
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.
Further Reading
- Five stocks we like better than AMETEK
- 3 Inflation-Fighting Stocks Built for Higher Oil Prices
- 3 Biotech Firms With Major Potential Catalysts in the Coming Months
- Applied Materials Stock Looks Pricey—Can AI Demand Justify the Rally?
- 3 Small-Cap Stocks Getting a Russell 2000 Rebalance Boost
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.
