CCLA Investment Management increased its stake in AMETEK, Inc. (NYSE:AME – Free Report) by 7.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 237,020 shares of the technology company’s stock after purchasing an additional 16,746 shares during the quarter. CCLA Investment Management’s holdings in AMETEK were worth $42,879,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in AME. GAMMA Investing LLC boosted its holdings in shares of AMETEK by 7.3% in the 1st quarter. GAMMA Investing LLC now owns 5,654 shares of the technology company’s stock valued at $973,000 after buying an additional 384 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of AMETEK by 201.0% in the 1st quarter. Golden State Wealth Management LLC now owns 295 shares of the technology company’s stock valued at $51,000 after buying an additional 197 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of AMETEK by 12.5% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 38,618 shares of the technology company’s stock valued at $6,648,000 after buying an additional 4,281 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of AMETEK by 14.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,878 shares of the technology company’s stock valued at $3,898,000 after buying an additional 2,965 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of AMETEK by 1.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 519,797 shares of the technology company’s stock valued at $89,478,000 after buying an additional 6,753 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.
AMETEK Stock Down 1.2%
AME opened at $186.96 on Monday. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year high of $198.33. The stock’s fifty day simple moving average is $186.02 and its 200 day simple moving average is $179.63. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The stock has a market cap of $43.18 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 2.69 and a beta of 1.11.
AMETEK Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.31 per share. The ex-dividend date was Monday, September 15th. This represents a $1.24 annualized dividend and a yield of 0.7%. AMETEK’s dividend payout ratio (DPR) is presently 19.97%.
Analyst Ratings Changes
Several equities research analysts have recently commented on AME shares. Mizuho increased their price objective on AMETEK from $212.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Melius Research raised AMETEK to a “hold” rating in a report on Monday, July 14th. DA Davidson increased their price target on AMETEK from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Royal Bank Of Canada increased their price target on AMETEK from $209.00 to $212.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Finally, Robert W. Baird increased their price target on AMETEK from $190.00 to $198.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, AMETEK presently has an average rating of “Moderate Buy” and a consensus price target of $207.42.
View Our Latest Analysis on AMETEK
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.
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