Advisor OS LLC Takes $1.71 Million Position in AMETEK, Inc. (NYSE:AME)

Advisor OS LLC acquired a new position in shares of AMETEK, Inc. (NYSE:AME - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,226 shares of the technology company's stock, valued at approximately $1,705,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Washington Trust Advisors Inc. acquired a new stake in AMETEK during the 1st quarter worth about $37,000. Family Firm Inc. bought a new stake in AMETEK in the second quarter worth approximately $39,000. Industrial Alliance Investment Management Inc. bought a new stake in AMETEK in the second quarter worth approximately $42,000. Headlands Technologies LLC bought a new position in shares of AMETEK during the 1st quarter worth approximately $43,000. Finally, Crewe Advisors LLC grew its position in shares of AMETEK by 168.8% during the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company's stock worth $49,000 after buying an additional 184 shares during the period. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Stock Down 0.9 %

AME traded down $1.51 during mid-day trading on Friday, reaching $163.64. 835,941 shares of the stock were exchanged, compared to its average volume of 1,117,487. AMETEK, Inc. has a 1 year low of $136.89 and a 1 year high of $186.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.26. The stock has a market capitalization of $37.88 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 2.81 and a beta of 1.17. The company has a 50 day moving average price of $166.27 and a two-hundred day moving average price of $172.10.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.02. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. The business had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $1.78 billion. During the same period in the previous year, the company earned $1.57 earnings per share. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts anticipate that AMETEK, Inc. will post 6.77 EPS for the current year.

AMETEK Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on AME. StockNews.com lowered shares of AMETEK from a "buy" rating to a "hold" rating in a research note on Tuesday, August 6th. Robert W. Baird reduced their target price on AMETEK from $171.00 to $166.00 and set a "neutral" rating for the company in a research note on Wednesday, August 7th. Redburn Atlantic raised AMETEK to a "strong-buy" rating in a research note on Friday, August 2nd. Oppenheimer raised AMETEK from a "market perform" rating to an "outperform" rating and set a $200.00 price objective for the company in a research note on Wednesday, May 22nd. Finally, Truist Financial lowered their target price on AMETEK from $204.00 to $201.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $186.29.

Insider Buying and Selling at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,440 shares of AMETEK stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $173.93, for a total transaction of $250,459.20. Following the sale, the director now directly 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 available at the SEC website. Corporate insiders own 0.61% of the company's stock.

About AMETEK

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.