Johnson Investment Counsel Inc. grew its holdings in AMETEK, Inc. (NYSE:AME – Free Report) by 0.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,829 shares of the technology company’s stock after buying an additional 85 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in AMETEK were worth $6,484,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. DAVENPORT & Co LLC grew its holdings in shares of AMETEK by 0.8% in the 1st quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company’s stock worth $1,226,000 after purchasing an additional 60 shares during the last quarter. Alps Advisors Inc. grew its holdings in shares of AMETEK by 1.0% in the 1st quarter. Alps Advisors Inc. now owns 6,260 shares of the technology company’s stock worth $1,078,000 after purchasing an additional 60 shares during the last quarter. EWA LLC grew its holdings in shares of AMETEK by 4.9% in the 1st quarter. EWA LLC now owns 1,382 shares of the technology company’s stock worth $238,000 after purchasing an additional 65 shares during the last quarter. Buckhead Capital Management LLC grew its holdings in shares of AMETEK by 0.3% in the 1st quarter. Buckhead Capital Management LLC now owns 22,830 shares of the technology company’s stock worth $3,930,000 after purchasing an additional 65 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of AMETEK by 1.5% in the 1st quarter. Signaturefd LLC now owns 4,625 shares of the technology company’s stock worth $796,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.
AMETEK Stock Performance
AMETEK stock opened at $179.28 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a 1 year low of $145.02 and a 1 year high of $198.33. The company has a market cap of $41.40 billion, a PE ratio of 28.87, a PEG ratio of 2.57 and a beta of 1.11. The company’s 50-day moving average is $185.60 and its two-hundred day moving average is $177.93.
AMETEK Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.31 per share. The ex-dividend date was Monday, September 15th. This represents a $1.24 dividend on an annualized basis and a yield of 0.7%. AMETEK’s dividend payout ratio is presently 19.97%.
Analyst Ratings Changes
AME has been the topic of several analyst reports. Royal Bank Of Canada upped their target price on shares of AMETEK from $209.00 to $212.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. DA Davidson increased their price objective on shares of AMETEK from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Melius lowered shares of AMETEK from a “buy” rating to a “hold” rating and set a $192.00 price objective on the stock. in a report on Monday, July 14th. TD Cowen raised shares of AMETEK from a “sell” rating to a “hold” rating and increased their price objective for the stock from $158.00 to $180.00 in a report on Tuesday, September 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of AMETEK in a report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, AMETEK currently has a consensus rating of “Moderate Buy” and an average price target of $207.42.
Get Our Latest Analysis on AMETEK
AMETEK Company Profile
AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.
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