Squarepoint Ops LLC lifted its stake in shares of AMETEK, Inc. (NYSE:AME – Free Report) by 2,494.5% during the second quarter, HoldingsChannel reports. The firm owned 240,900 shares of the technology company’s stock after acquiring an additional 231,615 shares during the quarter. Squarepoint Ops LLC’s holdings in AMETEK were worth $58,283,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in AME. Florida Financial Advisors LLC grew its stake in shares of AMETEK by 2.2% in the fourth quarter. Florida Financial Advisors LLC now owns 1,974 shares of the technology company’s stock valued at $406,000 after buying an additional 43 shares in the last quarter. Root Financial Partners LLC lifted its stake in AMETEK by 18.3% in the first quarter. Root Financial Partners LLC now owns 323 shares of the technology company’s stock valued at $69,000 after acquiring an additional 50 shares during the last quarter. ICW Investment Advisors LLC grew its position in shares of AMETEK by 0.7% in the 4th quarter. ICW Investment Advisors LLC now owns 7,831 shares of the technology company’s stock valued at $1,608,000 after acquiring an additional 51 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co grew its position in shares of AMETEK by 4.6% in the 4th quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,158 shares of the technology company’s stock valued at $238,000 after acquiring an additional 51 shares during the period. Finally, Sivia Capital Partners LLC increased its stake in shares of AMETEK by 2.5% during the 4th quarter. Sivia Capital Partners LLC now owns 2,070 shares of the technology company’s stock worth $425,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.
AMETEK Trading Up 0.1%
Shares of AME stock opened at $237.90 on Wednesday. The stock has a market cap of $54.53 billion, a P/E ratio of 34.78, a price-to-earnings-growth ratio of 3.04 and a beta of 0.99. AMETEK, Inc. has a 1 year low of $179.24 and a 1 year high of $261.16. The company has a current ratio of 1.21, a quick ratio of 0.76 and a debt-to-equity ratio of 0.09. The stock has a 50 day simple moving average of $241.29 and a 200 day simple moving average of $232.58.
AMETEK Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given 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 0.6%. AMETEK’s dividend payout ratio (DPR) is presently 19.88%.
Insider Buying and Selling
In related news, insider David Hermance sold 6,608 shares of the business’s 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 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
AME has been the subject of several recent analyst reports. Seaport Research Partners reiterated a “buy” rating and issued a $290.00 target price on shares of AMETEK in a research note on Wednesday, August 5th. TD Cowen reissued a “buy” rating on shares of AMETEK in a research report on Thursday, August 6th. DA Davidson raised their price objective on AMETEK from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Morgan Stanley lifted their target price on AMETEK from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Friday, July 10th. Finally, KeyCorp boosted their target price on AMETEK from $260.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $266.06.
View Our Latest Stock Report on AME
AMETEK Company Profile
AMETEK, Inc (NYSE: AME) is a diversified manufacturer of industrial technology products and solutions. The company develops equipment used to monitor, measure, test, control and analyze processes across a range of industrial and commercial applications.
AMETEK operates through two primary business groups: Electronic Instruments, which provides analytical, monitoring, testing and measurement equipment; and Electromechanical, which supplies automation systems, motors, power systems, aerospace and defense products, engineered materials and other specialized components.
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