VCI Wealth Management LLC bought a new stake in shares of AMETEK, Inc. (NYSE:AME – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,973 shares of the technology company’s stock, valued at approximately $2,352,000. AMETEK accounts for 0.7% of VCI Wealth Management LLC’s holdings, making the stock its 29th largest position.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Captrust Financial Advisors increased its holdings in AMETEK by 3.1% in the third quarter. Captrust Financial Advisors now owns 268,096 shares of the technology company’s stock worth $50,402,000 after buying an additional 8,101 shares during the last quarter. Y.D. More Investments Ltd acquired a new stake in AMETEK in the fourth quarter valued at approximately $1,653,000. Massachusetts Financial Services Co. MA grew its position in AMETEK by 10.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 959,937 shares of the technology company’s stock worth $197,085,000 after acquiring an additional 94,544 shares in the last quarter. MAI Capital Management increased its stake in shares of AMETEK by 33.8% during the 3rd quarter. MAI Capital Management now owns 18,403 shares of the technology company’s stock worth $3,460,000 after purchasing an additional 4,648 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of AMETEK by 6.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 487,238 shares of the technology company’s stock worth $101,901,000 after purchasing an additional 28,621 shares during the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.
AMETEK Stock Down 1.4%
Shares of NYSE AME opened at $237.65 on Friday. AMETEK, Inc. has a 52-week low of $174.43 and a 52-week high of $244.71. The stock has a market cap of $54.47 billion, a PE ratio of 35.90, a PEG ratio of 3.38 and a beta of 1.00. The business has a fifty day moving average of $230.68 and a two-hundred day moving average of $223.07. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.72 and a current ratio of 1.14.
AMETEK Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK’s dividend payout ratio is 20.54%.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. Robert W. Baird set a $244.00 price objective on shares of AMETEK in a research note on Friday, May 1st. Rothschild & Co Redburn set a $265.00 target price on shares of AMETEK in a research report on Thursday, June 18th. Weiss Ratings cut AMETEK from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. DA Davidson reiterated a “buy” rating and set a $265.00 price target on shares of AMETEK in a research note on Monday, May 4th. Finally, Mizuho set a $270.00 price objective on AMETEK in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $253.57.
Get Our Latest Research Report on AME
AMETEK Company Profile
AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.
The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.
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