Vaughan Nelson Investment Management L.P. boosted its position in shares of AMETEK, Inc. (NYSE:AME – Free Report) by 2.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 140,546 shares of the technology company’s stock after acquiring an additional 3,385 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in AMETEK were worth $30,127,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp lifted its holdings in AMETEK by 2.0% during the 4th quarter. State Street Corp now owns 9,956,361 shares of the technology company’s stock valued at $2,044,140,000 after buying an additional 192,677 shares in the last quarter. Geode Capital Management LLC grew its stake in AMETEK by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 5,891,236 shares of the technology company’s stock worth $1,204,722,000 after purchasing an additional 37,651 shares in the last quarter. Invesco Ltd. grew its stake in AMETEK by 4.9% in the third quarter. Invesco Ltd. now owns 4,463,518 shares of the technology company’s stock worth $839,141,000 after purchasing an additional 209,043 shares in the last quarter. Norges Bank bought a new stake in AMETEK during the 4th quarter valued at $831,372,000. Finally, Morgan Stanley lifted its holdings in shares of AMETEK by 2.9% in the 4th quarter. Morgan Stanley now owns 3,963,062 shares of the technology company’s stock worth $813,657,000 after buying an additional 110,037 shares during the period. Hedge funds and other institutional investors own 87.43% of the company’s stock.
AMETEK Price Performance
NYSE:AME opened at $241.41 on Tuesday. The firm’s fifty day moving average is $230.39 and its two-hundred day moving average is $222.17. The firm has a market cap of $55.33 billion, a price-to-earnings ratio of 36.47, a PEG ratio of 3.33 and a beta of 1.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.72 and a current ratio of 1.14. AMETEK, Inc. has a one year low of $174.43 and a one year high of $243.18.
AMETEK Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.34 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK’s payout ratio is 20.54%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on AME. DA Davidson reiterated a “buy” rating and set a $265.00 price objective on shares of AMETEK in a research note on Monday, May 4th. Robert W. Baird set a $244.00 target price on AMETEK in a research report on Friday, May 1st. Rothschild & Co Redburn set a $265.00 price objective on shares of AMETEK in a research report on Thursday. Mizuho set a $270.00 price objective on shares of AMETEK in a research note on Friday, May 1st. Finally, Barclays increased their target price on shares of AMETEK from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, AMETEK presently has a consensus rating of “Moderate Buy” and a consensus price target of $253.57.
View 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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