Inspire Investing LLC lessened its holdings in AMETEK, Inc. (NYSE:AME – Free Report) by 14.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,561 shares of the technology company’s stock after selling 265 shares during the period. Inspire Investing LLC’s holdings in AMETEK were worth $282,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Bares Capital Management Inc. bought a new position in shares of AMETEK in the 1st quarter worth approximately $26,000. ST Germain D J Co. Inc. lifted its stake in shares of AMETEK by 628.6% in the 2nd quarter. ST Germain D J Co. Inc. now owns 153 shares of the technology company’s stock worth $28,000 after purchasing an additional 132 shares during the period. Olde Wealth Management LLC bought a new position in shares of AMETEK in the 1st quarter worth approximately $29,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of AMETEK by 57.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 194 shares of the technology company’s stock worth $33,000 after purchasing an additional 71 shares during the period. Finally, Zions Bancorporation National Association UT bought a new position in shares of AMETEK in the 1st quarter worth approximately $42,000. Institutional investors own 87.43% of the company’s stock.
AMETEK Trading Down 0.7%
Shares of AME opened at $184.44 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.04. AMETEK, Inc. has a 1 year low of $145.02 and a 1 year high of $198.33. The company has a 50 day simple moving average of $185.61 and a two-hundred day simple moving average of $178.21. The firm has a market cap of $42.60 billion, a P/E ratio of 29.70, a price-to-earnings-growth ratio of 2.67 and a beta of 1.11.
AMETEK Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 15th. AMETEK’s dividend payout ratio (DPR) is 19.97%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on AME shares. Weiss Ratings reiterated a “buy (b)” rating on shares of AMETEK in a research note on Wednesday, October 8th. Morgan Stanley increased their target price on shares of AMETEK from $185.00 to $198.00 and gave the stock an “equal weight” rating in a report on Friday, August 8th. Melius lowered shares of AMETEK from a “buy” rating to a “hold” rating and set a $192.00 target price for the company. in a report on Monday, July 14th. DA Davidson increased their target price on shares of AMETEK from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Finally, Truist Financial increased their target price on shares of AMETEK from $219.00 to $229.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.42.
View Our Latest Stock Report 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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