AMP Capital Investors Ltd increased its position in shares of AMETEK, Inc. (NYSE:AME) by 22.2% during the 4th quarter, HoldingsChannel reports. The firm owned 188,094 shares of the technology company’s stock after buying an additional 34,110 shares during the quarter. AMP Capital Investors Ltd’s holdings in AMETEK were worth $13,630,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in AME. American Century Companies Inc. raised its holdings in AMETEK by 42.5% during the fourth quarter. American Century Companies Inc. now owns 4,067,798 shares of the technology company’s stock worth $294,793,000 after purchasing an additional 1,214,153 shares in the last quarter. BlackRock Inc. raised its holdings in AMETEK by 6.2% during the fourth quarter. BlackRock Inc. now owns 15,074,188 shares of the technology company’s stock worth $1,092,426,000 after purchasing an additional 886,625 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in AMETEK by 28.2% during the fourth quarter. Allianz Asset Management GmbH now owns 3,095,683 shares of the technology company’s stock worth $224,343,000 after purchasing an additional 681,646 shares in the last quarter. Strs Ohio raised its holdings in AMETEK by 447.0% during the fourth quarter. Strs Ohio now owns 392,395 shares of the technology company’s stock worth $28,436,000 after purchasing an additional 320,660 shares in the last quarter. Finally, Santori & Peters Inc. bought a new stake in AMETEK during the fourth quarter worth approximately $19,377,000. 86.10% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently commented on AME. Stifel Nicolaus reissued a “buy” rating and set a $92.00 target price on shares of AMETEK in a report on Thursday, February 1st. KeyCorp boosted their target price on AMETEK from $82.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. BMO Capital Markets boosted their target price on AMETEK from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Zacks Investment Research raised AMETEK from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Monday, February 5th. Finally, Wells Fargo & Co set a $88.00 target price on AMETEK and gave the stock a “buy” rating in a report on Thursday, January 18th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $81.64.
AMETEK, Inc. (NYSE:AME) opened at $78.35 on Tuesday. The stock has a market capitalization of $18,130.00, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 2.25 and a beta of 1.27. AMETEK, Inc. has a twelve month low of $52.42 and a twelve month high of $79.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.70 and a quick ratio of 1.22.
AMETEK (NYSE:AME) last posted its quarterly earnings results on Thursday, February 1st. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.03. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.09 billion. AMETEK had a return on equity of 16.39% and a net margin of 15.85%. The firm’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 earnings per share. equities research analysts forecast that AMETEK, Inc. will post 3.04 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 16th will be issued a $0.14 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.56 annualized dividend and a dividend yield of 0.71%. This is a boost from AMETEK’s previous quarterly dividend of $0.09. AMETEK’s dividend payout ratio is currently 14.17%.
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AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets.
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