AMETEK, Inc. (NYSE:AME) Stock Holdings Decreased by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 18.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 184,925 shares of the technology company's stock after selling 43,100 shares during the period. New York State Common Retirement Fund owned 0.08% of AMETEK worth $31,753,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in AME. JPMorgan Chase & Co. raised its stake in AMETEK by 48.4% in the 1st 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 stake in shares of 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 buying an additional 44,899 shares during the period. Bank of New York Mellon Corp boosted its position in AMETEK by 34.6% during the second quarter. Bank of New York Mellon Corp now owns 3,602,753 shares of the technology company's stock worth $600,615,000 after acquiring an additional 926,657 shares during the last quarter. Boston Partners grew its stake in AMETEK by 3.0% in the 1st quarter. Boston Partners now owns 3,063,588 shares of the technology company's stock worth $560,278,000 after acquiring an additional 90,271 shares during the period. Finally, Flossbach Von Storch AG raised its holdings in AMETEK by 3.4% in the 1st quarter. Flossbach Von Storch AG now owns 2,673,507 shares of the technology company's stock valued at $488,984,000 after acquiring an additional 87,477 shares during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Stock Performance

Shares of AMETEK stock traded down $4.91 during trading on Friday, hitting $178.43. 1,962,659 shares of the stock were exchanged, compared to its average volume of 1,166,093. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 1.39. AMETEK, Inc. has a 12 month low of $141.26 and a 12 month high of $186.32. The stock's fifty day moving average is $169.17 and its 200 day moving average is $168.86. The stock has a market cap of $41.31 billion, a PE ratio of 31.09, a P/E/G ratio of 3.01 and a beta of 1.16.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the business posted $1.64 EPS. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that AMETEK, Inc. will post 6.76 EPS for the current year.

AMETEK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Monday, September 16th. AMETEK's payout ratio is currently 19.51%.

Insider Buying and Selling at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the business's stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the sale, the director now directly owns 23,349 shares in the company, valued at $4,006,454.91. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AME has been the subject of a number of recent analyst reports. Mizuho boosted their target price on shares of AMETEK from $190.00 to $200.00 and gave the company an "outperform" rating in a report on Friday. Robert W. Baird decreased their price target on AMETEK from $171.00 to $166.00 and set a "neutral" rating for the company in a report on Wednesday, August 7th. Truist Financial upped their target price on AMETEK from $219.00 to $221.00 and gave the company a "buy" rating in a research report on Friday. Wolfe Research raised shares of AMETEK to a "hold" rating in a report on Wednesday, September 18th. Finally, StockNews.com cut shares of AMETEK from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $195.00.

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.