Hikari Power Ltd bought a new stake in AMETEK, Inc. (NYSE:AME – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,940 shares of the technology company’s stock, valued at approximately $953,000. AMETEK accounts for about 0.1% of Hikari Power Ltd’s portfolio, making the stock its 25th biggest position.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new stake in AMETEK during the second quarter valued at approximately $25,000. MV Capital Management Inc. bought a new stake in shares of AMETEK in the 4th quarter valued at approximately $28,000. Brown Lisle Cummings Inc. raised its holdings in shares of AMETEK by 878.6% in the 1st quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock worth $29,000 after buying an additional 123 shares in the last quarter. BOKF NA lifted its position in shares of AMETEK by 137.7% during the 4th quarter. BOKF NA now owns 145 shares of the technology company’s stock worth $30,000 after buying an additional 84 shares during the period. Finally, SJS Investment Consulting Inc. lifted its position in shares of AMETEK by 393.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 143 shares of the technology company’s stock worth $31,000 after buying an additional 114 shares during the period. Institutional investors own 87.43% of the company’s stock.
AMETEK Stock Up 0.1%
NYSE AME opened at $254.98 on Monday. The firm has a market cap of $58.44 billion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 3.26 and a beta of 0.98. AMETEK, Inc. has a one year low of $179.24 and a one year high of $261.16. The stock’s 50 day simple moving average is $238.97 and its 200 day simple moving average is $231.27. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.76.
AMETEK Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.34 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. AMETEK’s dividend payout ratio (DPR) is 19.88%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on AME shares. BNP Paribas Exane upped their price target on AMETEK from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Morgan Stanley lifted their price objective on AMETEK from $235.00 to $245.00 and gave the company an “equal weight” rating in a report on Friday, July 10th. Rothschild & Co Redburn set a $265.00 target price on shares of AMETEK in a research note on Thursday, June 18th. Weiss Ratings raised shares of AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Finally, KeyCorp increased their target price on shares of AMETEK from $260.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, AMETEK presently has an average rating of “Moderate Buy” and an average price target of $266.80.
View Our Latest Analysis on AMETEK
Insider Activity
In related news, insider David F. Hermance sold 6,608 shares of AMETEK stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,678,432.00. Following the completion of the transaction, the insider directly owned 42,509 shares of the company’s stock, valued at $10,797,286. The trade was a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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.
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