AMETEK, Inc. (NYSE:AME) Shares Purchased by Raymond James & Associates

Raymond James & Associates lifted its position in AMETEK, Inc. (NYSE:AME - Free Report) by 11.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 172,180 shares of the technology company's stock after acquiring an additional 17,762 shares during the quarter. Raymond James & Associates owned 0.07% of AMETEK worth $28,704,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of AMETEK by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 25,578,270 shares of the technology company's stock worth $4,217,601,000 after acquiring an additional 84,832 shares during the last quarter. JPMorgan Chase & Co. grew its stake in AMETEK by 48.4% in the first quarter. JPMorgan Chase & Co. now owns 7,075,565 shares of the technology company's stock valued at $1,294,121,000 after purchasing an additional 2,306,535 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in AMETEK by 0.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,536,231 shares of the technology company's stock valued at $1,195,478,000 after purchasing an additional 44,899 shares in the last quarter. Capital International Investors grew its stake in AMETEK by 5.0% in the fourth quarter. Capital International Investors now owns 4,196,755 shares of the technology company's stock valued at $692,051,000 after purchasing an additional 198,777 shares in the last quarter. Finally, Norges Bank purchased a new position in AMETEK in the fourth quarter valued at about $589,098,000. Institutional investors and hedge funds own 87.43% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AME. Oppenheimer raised AMETEK from a "market perform" rating to an "outperform" rating and set a $200.00 price target for the company in a research report on Wednesday, May 22nd. Royal Bank of Canada reduced their price target on AMETEK from $216.00 to $215.00 and set an "outperform" rating for the company in a research report on Friday, August 2nd. Redburn Atlantic raised AMETEK to a "strong-buy" rating in a report on Friday, August 2nd. TD Cowen lowered their price objective on AMETEK from $165.00 to $158.00 and set a "hold" rating on the stock in a research note on Monday, August 5th. Finally, Truist Financial lowered their price objective on AMETEK from $204.00 to $201.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $186.29.

Insider Buying and Selling at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,440 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $173.93, for a total transaction of $250,459.20. Following the sale, the director now owns 24,809 shares in the company, valued at approximately $4,315,029.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.61% of the company's stock.

AMETEK Stock Performance

Shares of NYSE:AME traded up $1.03 during trading on Wednesday, reaching $165.89. 791,365 shares of the stock were exchanged, compared to its average volume of 1,129,226. The firm has a market cap of $38.40 billion, a PE ratio of 29.15, a PEG ratio of 2.57 and a beta of 1.18. The company has a current ratio of 1.26, a quick ratio of 0.66 and a debt-to-equity ratio of 0.20. AMETEK, Inc. has a 12 month low of $136.89 and a 12 month high of $186.32. The stock has a 50-day moving average price of $166.60 and a 200-day moving average price of $172.30.

AMETEK (NYSE:AME - Get Free Report) last posted its earnings results on Thursday, August 1st. The technology company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.02. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the firm earned $1.57 earnings per share. The company's revenue was up 5.4% on a year-over-year basis. Research analysts expect that AMETEK, Inc. will post 6.78 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. AMETEK's payout ratio is 19.68%.

AMETEK 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.