Assetmark Inc. raised its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 9.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,204 shares of the technology company's stock after buying an additional 5,873 shares during the quarter. Assetmark Inc.'s holdings in AMETEK were worth $11,711,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Czech National Bank boosted its stake in AMETEK by 8.6% during the 2nd quarter. Czech National Bank now owns 44,108 shares of the technology company's stock worth $7,353,000 after acquiring an additional 3,499 shares during the last quarter. CWM LLC boosted its position in shares of AMETEK by 53.9% during the second quarter. CWM LLC now owns 10,594 shares of the technology company's stock worth $1,766,000 after purchasing an additional 3,711 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of AMETEK by 3.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 258,677 shares of the technology company's stock valued at $47,312,000 after buying an additional 8,189 shares during the period. Swedbank AB bought a new stake in shares of AMETEK in the 1st quarter valued at $3,833,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in AMETEK by 129.8% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,470 shares of the technology company's stock worth $1,732,000 after buying an additional 5,349 shares during the period. Institutional investors own 87.43% of the company's stock.
In related news, Director Steven W. Kohlhagen sold 1,460 shares of the firm's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the completion of the sale, the director now directly owns 23,349 shares in the company, valued at approximately $4,006,454.91. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.61% of the stock is owned by company insiders.
A number of research analysts have issued reports on the company. Robert W. Baird increased their price target on AMETEK from $166.00 to $186.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Truist Financial increased their target price on AMETEK from $219.00 to $221.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Wolfe Research raised shares of AMETEK to a "hold" rating in a research note on Wednesday, September 18th. Royal Bank of Canada lowered their price objective on shares of AMETEK from $216.00 to $215.00 and set an "outperform" rating for the company in a research report on Friday, August 2nd. Finally, StockNews.com raised shares of AMETEK from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, AMETEK has a consensus rating of "Moderate Buy" and an average target price of $197.86.
Read Our Latest Research Report on AME
NYSE:AME opened at $190.92 on Monday. AMETEK, Inc. has a 52-week low of $147.12 and a 52-week high of $192.20. The company has a market cap of $44.16 billion, a P/E ratio of 33.26, a P/E/G ratio of 3.10 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. The stock's 50-day simple moving average is $170.91 and its 200 day simple moving average is $169.21.
AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The business's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.64 EPS. As a group, sell-side analysts forecast that AMETEK, Inc. will post 6.81 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, December 6th. AMETEK's dividend payout ratio (DPR) is presently 19.51%.
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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