Campbell & CO Investment Adviser LLC acquired a new stake in AMETEK, Inc. (NYSE:AME – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,569 shares of the technology company’s stock, valued at approximately $2,998,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alps Advisors Inc. lifted its holdings in shares of AMETEK by 1.0% during the first quarter. Alps Advisors Inc. now owns 6,260 shares of the technology company’s stock worth $1,078,000 after purchasing an additional 60 shares during the period. Buckhead Capital Management LLC raised its position in AMETEK by 0.3% during the 1st quarter. Buckhead Capital Management LLC now owns 22,830 shares of the technology company’s stock worth $3,930,000 after purchasing an additional 65 shares during the last quarter. SouthState Corp lifted its holdings in AMETEK by 47.4% during the 2nd quarter. SouthState Corp now owns 202 shares of the technology company’s stock worth $37,000 after buying an additional 65 shares during the period. Signaturefd LLC grew its position in shares of AMETEK by 1.5% in the 1st quarter. Signaturefd LLC now owns 4,625 shares of the technology company’s stock valued at $796,000 after buying an additional 67 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its stake in shares of AMETEK by 3.9% in the first quarter. Signature Estate & Investment Advisors LLC now owns 1,784 shares of the technology company’s stock valued at $307,000 after buying an additional 67 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.
AMETEK Stock Down 0.5%
Shares of NYSE:AME opened at $196.23 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.63. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $204.15. The business’s 50 day simple moving average is $187.88 and its two-hundred day simple moving average is $182.27. The firm has a market cap of $45.17 billion, a P/E ratio of 31.60, a PEG ratio of 2.64 and a beta of 1.12.
AMETEK Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, December 5th. AMETEK’s dividend payout ratio (DPR) is 19.56%.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on AME. KeyCorp upped their target price on AMETEK from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Morgan Stanley boosted their price target on shares of AMETEK from $185.00 to $198.00 and gave the stock an “equal weight” rating in a research report on Friday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of AMETEK in a research report on Wednesday, October 8th. Barclays boosted their target price on shares of AMETEK from $200.00 to $205.00 and gave the company an “equal weight” rating in a report on Friday, October 31st. Finally, Melius downgraded AMETEK from a “buy” rating to a “hold” rating and set a $192.00 price target for the company. in a report on Monday, July 14th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, AMETEK presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.00.
Get Our Latest Report on AMETEK
Insider Activity
In other news, insider Ronald J. Oscher sold 26,290 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $200.05, for a total transaction of $5,259,314.50. Following the completion of the sale, the insider directly owned 40,226 shares of the company’s stock, valued at $8,047,211.30. The trade was a 39.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.57% of the stock is owned by corporate insiders.
AMETEK Profile
AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.
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