Commerzbank Aktiengesellschaft FI Raises Position in AMETEK, Inc. (NYSE:AME)

Commerzbank Aktiengesellschaft FI grew its stake in AMETEK, Inc. (NYSE:AME) by 27.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,711 shares of the technology company’s stock after purchasing an additional 371 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in AMETEK were worth $294,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of AME. Washington Trust Advisors Inc. bought a new stake in shares of AMETEK in the 1st quarter worth $37,000. Family Firm Inc. purchased a new stake in AMETEK in the 2nd quarter valued at about $39,000. Industrial Alliance Investment Management Inc. bought a new position in shares of AMETEK during the 2nd quarter worth approximately $42,000. Headlands Technologies LLC purchased a new position in shares of AMETEK in the 1st quarter worth approximately $43,000. Finally, Crewe Advisors LLC grew its holdings in shares of AMETEK by 168.8% in the second quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock valued at $49,000 after acquiring an additional 184 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.

Analysts Set New Price Targets

A number of 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 downgraded shares of AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Truist Financial raised their price objective on shares of AMETEK from $201.00 to $219.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Robert W. Baird dropped their target price on shares of AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada decreased their price target on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $193.29.

AMETEK Stock Performance

NYSE:AME opened at $166.61 on Friday. The business’s fifty day moving average is $168.26 and its 200 day moving average is $169.35. The firm has a market cap of $38.57 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 2.77 and a beta of 1.17. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.26. AMETEK, Inc. has a 52-week low of $136.89 and a 52-week high of $186.32.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.02. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.78 billion. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 earnings per share. Research analysts predict that AMETEK, Inc. will post 6.76 EPS for the current year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.67%. AMETEK’s dividend payout ratio (DPR) is currently 19.68%.

Insider Activity

In related news, Director Steven W. Kohlhagen sold 1,460 shares of AMETEK stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the completion of the sale, the director now owns 23,349 shares of the company’s stock, valued at approximately $4,006,454.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.61% of the company’s stock.

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.