Public Employees Retirement System of Ohio lifted its holdings in shares of AMETEK, Inc. (NYSE:AME – Free Report) by 5.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,148 shares of the technology company’s stock after acquiring an additional 5,889 shares during the period. Public Employees Retirement System of Ohio’s holdings in AMETEK were worth $24,040,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. CoreCap Advisors LLC raised 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. purchased a new position in AMETEK during the 4th quarter worth $28,000. Brown Lisle Cummings Inc. increased its stake in AMETEK by 878.6% in the first quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock valued at $29,000 after purchasing an additional 123 shares during the period. Darwin Wealth Management LLC acquired a new position in AMETEK in the second quarter valued at $25,000. Finally, SJS Investment Consulting Inc. raised its holdings in shares of AMETEK by 393.1% in the first quarter. SJS Investment Consulting Inc. now owns 143 shares of the technology company’s stock valued at $31,000 after buying an additional 114 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 $242.10 on Friday. AMETEK, Inc. has a 52 week low of $175.61 and a 52 week high of $244.71. The company has a 50-day moving average price of $231.91 and a 200 day moving average price of $227.51. The company has a market cap of $55.49 billion, a P/E ratio of 36.57, a PEG ratio of 3.39 and a beta of 0.99. The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 0.10.
AMETEK Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, June 15th. AMETEK’s dividend payout ratio is currently 20.54%.
Wall Street Analyst Weigh In
AME has been the subject of several recent research reports. DA Davidson reiterated a “buy” rating and set a $265.00 target price on shares of AMETEK in a research note on Monday, May 4th. Truist Financial upped their price objective on AMETEK from $275.00 to $303.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Weiss Ratings raised AMETEK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 29th. Robert W. Baird set a $244.00 target price on AMETEK in a research note on Friday, May 1st. Finally, Wall Street Zen lowered AMETEK from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $256.29.
View Our Latest Stock Analysis on AMETEK
About AMETEK
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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