James J. Burns & Company LLC bought a new position in shares of AMETEK, Inc. (NYSE:AME – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,120 shares of the technology company’s stock, valued at approximately $669,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AME. Darwin Wealth Management LLC acquired a new stake in shares of AMETEK in the second quarter valued at about $25,000. CoreCap Advisors LLC lifted its stake in shares of AMETEK by 84.3% in the fourth quarter. CoreCap Advisors LLC now owns 129 shares of the technology company’s stock worth $26,000 after acquiring an additional 59 shares during the period. MV Capital Management Inc. acquired a new position in shares of AMETEK in the fourth quarter worth approximately $28,000. BOKF NA boosted its holdings in AMETEK by 137.7% in the fourth quarter. BOKF NA now owns 145 shares of the technology company’s stock valued at $30,000 after acquiring an additional 84 shares during the last quarter. Finally, Transamerica Financial Advisors LLC boosted its holdings in AMETEK by 73.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 153 shares of the technology company’s stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.
AMETEK Price Performance
Shares of NYSE AME opened at $241.41 on Tuesday. The firm’s 50-day moving average price is $230.39 and its 200-day moving average price is $222.17. AMETEK, Inc. has a 1-year low of $174.43 and a 1-year high of $243.18. The firm has a market capitalization of $55.33 billion, a P/E ratio of 36.47, a P/E/G ratio of 3.33 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 0.72 and a debt-to-equity ratio of 0.10.
AMETEK Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.34 per share. The ex-dividend date is Monday, June 15th. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. AMETEK’s payout ratio is currently 20.54%.
Analyst Upgrades and Downgrades
AME has been the topic of a number of analyst reports. Weiss Ratings lowered shares of AMETEK from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Wall Street Zen lowered shares of AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Robert W. Baird set a $244.00 price target on shares of AMETEK in a research report on Friday, May 1st. Truist Financial reissued a “buy” rating and issued a $275.00 price objective (up from $265.00) on shares of AMETEK in a research report on Monday, May 4th. Finally, Morgan Stanley boosted their price objective on AMETEK from $215.00 to $235.00 and gave the company an “equal weight” rating in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, AMETEK has an average rating of “Moderate Buy” and an average target price of $253.57.
Check Out Our Latest Stock Report on AME
AMETEK 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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