Mn Services Vermogensbeheer B.V. Has $15.12 Million Stock Holdings in AMETEK, Inc. (NYSE:AME)

Mn Services Vermogensbeheer B.V. decreased its position in AMETEK, Inc. (NYSE:AME - Free Report) by 2.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,700 shares of the technology company's stock after selling 2,600 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in AMETEK were worth $15,121,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position 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 purchasing an additional 84,832 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of AMETEK by 48.4% during 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 during the last quarter. Price T Rowe Associates Inc. MD lifted its position in AMETEK by 0.7% during 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 during the period. Capital International Investors boosted its holdings in AMETEK by 5.0% in the fourth quarter. Capital International Investors now owns 4,196,755 shares of the technology company's stock worth $692,051,000 after purchasing an additional 198,777 shares during the last quarter. Finally, Norges Bank bought a new stake in AMETEK in the 4th quarter worth approximately $589,098,000. Institutional investors own 87.43% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on AME shares. StockNews.com lowered AMETEK from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th. TD Cowen dropped their price objective on shares of AMETEK from $165.00 to $158.00 and set a "hold" rating on the stock in a report on Monday, August 5th. Truist Financial cut their target price on shares of AMETEK from $204.00 to $201.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Royal Bank of Canada dropped their price target on shares of AMETEK from $216.00 to $215.00 and set an "outperform" rating on the stock in a research note on Friday, August 2nd. Finally, Redburn Atlantic upgraded AMETEK to a "strong-buy" rating in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $186.29.

Insider Activity

In related news, Director Steven W. Kohlhagen sold 1,440 shares of the firm's stock in a transaction 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 completion of the transaction, the director now directly owns 24,809 shares of the company's stock, valued at $4,315,029.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.61% of the company's stock.

AMETEK Price Performance

Shares of AME stock traded up $2.17 on Friday, hitting $167.39. 999,349 shares of the stock traded hands, compared to its average volume of 1,128,003. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.26 and a quick ratio of 0.66. AMETEK, Inc. has a 52 week low of $136.89 and a 52 week high of $186.32. The firm has a 50 day simple moving average of $166.43 and a two-hundred day simple moving average of $172.33. The firm has a market cap of $38.75 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 2.57 and a beta of 1.18.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $1.66 EPS for the quarter, beating 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 business had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $1.78 billion. During the same period last year, the firm earned $1.57 earnings per share. The business's quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts predict that AMETEK, Inc. will post 6.78 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Monday, September 16th. AMETEK's dividend payout ratio (DPR) is currently 19.68%.

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.