AMETEK, Inc. $AME Holdings Lifted by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its position in shares of AMETEK, Inc. (NYSE:AME) by 25.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,816 shares of the technology company’s stock after buying an additional 5,437 shares during the quarter. Kestra Advisory Services LLC’s holdings in AMETEK were worth $6,643,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AME. Frazier Financial Advisors LLC bought a new position in shares of AMETEK in the second quarter valued at approximately $25,000. Fiduciary Financial Advisors purchased a new stake in shares of AMETEK during the second quarter valued at approximately $27,000. Elevation Wealth Partners LLC lifted its holdings in AMETEK by 239.5% during the second quarter. Elevation Wealth Partners LLC now owns 129 shares of the technology company’s stock worth $31,000 after acquiring an additional 91 shares during the period. GK Wealth Management LLC bought a new stake in AMETEK during the third quarter worth $36,000. Finally, NFSG Corp bought a new stake in AMETEK during the third quarter worth $48,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

AMETEK Price Performance

Shares of NYSE AME opened at $239.66 on Thursday. The stock has a market cap of $54.96 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 2.13 and a beta of 0.96. AMETEK, Inc. has a fifty-two week low of $188.47 and a fifty-two week high of $261.16. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.91 and a current ratio of 1.43. The stock has a fifty day moving average of $243.17 and a 200-day moving average of $234.88.

AMETEK (NYSE:AME) last issued its earnings results on Tuesday, November 3rd. The technology company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.11 by $0.10. AMETEK had a return on equity of 17.12% and a net margin of 19.91%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the company earned $1.89 EPS. The firm’s revenue was up 17.3% compared to the same quarter last year. Equities research analysts anticipate that AMETEK, Inc. will post 8.58 earnings per share for the current year.

AMETEK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, December 4th. AMETEK’s dividend payout ratio (DPR) is presently 19.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AME shares. BNP Paribas Exane raised their target price on AMETEK from $280.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, September 11th. Citigroup boosted their price target on shares of AMETEK from $263.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 4th. Weiss Ratings downgraded shares of AMETEK from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, November 2nd. TD Cowen restated a “buy” rating on shares of AMETEK in a research report on Thursday, August 6th. Finally, Morgan Stanley set a $275.00 price objective on shares of AMETEK in a report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $278.06.

AMETEK Profile

AMETEK, Inc. is a global manufacturer of electronic instruments and electromechanical products. Its businesses serve a range of markets, including aerospace, energy, industrial manufacturing, medical, and transportation. The company’s products include analytical and process instruments, monitoring and measurement systems, aerospace components, precision motors and pumps, and engineered materials. AMETEK organizes its operations into two groups: Electronic Instruments and Electromechanical. Founded in 1930, AMETEK serves customers around the world through manufacturing facilities, sales offices, and service operations in multiple countries.