Pacer Advisors Inc. trimmed its stake in AMETEK, Inc. (NYSE:AME – Free Report) by 76.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 22,491 shares of the technology company’s stock after selling 73,570 shares during the quarter. Pacer Advisors Inc.’s holdings in AMETEK were worth $4,618,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of AME. CoreCap Advisors LLC lifted its position in AMETEK by 84.3% in the 4th quarter. CoreCap Advisors LLC now owns 129 shares of the technology company’s stock valued at $26,000 after purchasing an additional 59 shares during the last quarter. MV Capital Management Inc. bought a new position in AMETEK in the 4th quarter worth approximately $28,000. Darwin Wealth Management LLC acquired a new stake in AMETEK in the 2nd quarter valued at approximately $25,000. BOKF NA raised its stake in AMETEK by 137.7% during the 4th quarter. BOKF NA now owns 145 shares of the technology company’s stock valued at $30,000 after acquiring an additional 84 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its position in AMETEK by 73.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 153 shares of the technology company’s stock worth $31,000 after acquiring an additional 65 shares during the period. Institutional investors own 87.43% of the company’s stock.
AMETEK Price Performance
AME stock opened at $241.41 on Tuesday. The firm has a 50-day moving average of $230.39 and a two-hundred day moving average of $222.17. AMETEK, Inc. has a one year low of $174.43 and a one year high of $243.18. The company has a current ratio of 1.14, a quick ratio of 0.72 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $55.33 billion, a PE ratio of 36.47, a P/E/G ratio of 3.33 and a beta of 1.00.
AMETEK Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.34 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. AMETEK’s dividend payout ratio is currently 20.54%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada increased their target price on shares of AMETEK from $259.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. BMO Capital Markets assumed coverage on shares of AMETEK in a research note on Friday, March 27th. They issued an “outperform” rating and a $253.00 price target for the company. Mizuho set a $270.00 price objective on shares of AMETEK in a report on Friday, May 1st. Barclays raised their price objective on shares of AMETEK from $220.00 to $230.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Finally, Wall Street Zen cut AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $253.57.
Read Our Latest Stock Analysis on AMETEK
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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