Capital Investment Services of America Inc. Sells 175 Shares of AMETEK, Inc. (NYSE:AME)

Capital Investment Services of America Inc. lessened its position in AMETEK, Inc. (NYSE:AME) by 0.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 23,634 shares of the technology company’s stock after selling 175 shares during the period. Capital Investment Services of America Inc.’s holdings in AMETEK were worth $4,068,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AME. National Bank of Canada FI lifted its holdings in AMETEK by 17.4% during the 4th quarter. National Bank of Canada FI now owns 142,093 shares of the technology company’s stock valued at $25,616,000 after buying an additional 21,009 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in AMETEK by 16.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 88,898 shares of the technology company’s stock valued at $16,025,000 after buying an additional 12,584 shares in the last quarter. Fox Run Management L.L.C. lifted its holdings in AMETEK by 74.1% during the 4th quarter. Fox Run Management L.L.C. now owns 8,418 shares of the technology company’s stock valued at $1,517,000 after buying an additional 3,584 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in AMETEK by 7.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,512,437 shares of the technology company’s stock valued at $272,632,000 after buying an additional 107,303 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in AMETEK by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,331,567 shares of the technology company’s stock valued at $240,028,000 after buying an additional 39,918 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Royal Bank of Canada raised their target price on shares of AMETEK from $194.00 to $201.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Truist Financial raised their target price on shares of AMETEK from $196.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Morgan Stanley assumed coverage on shares of AMETEK in a research report on Monday, April 14th. They set an “equal weight” rating and a $170.00 target price on the stock. Wall Street Zen raised shares of AMETEK from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Finally, Robert W. Baird cut their target price on shares of AMETEK from $197.00 to $190.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, AMETEK presently has an average rating of “Moderate Buy” and an average price target of $197.89.

AMETEK Stock Down 1.8%

Shares of AMETEK stock opened at $176.72 on Friday. The firm’s 50 day moving average price is $171.32 and its 200-day moving average price is $178.31. The company has a quick ratio of 0.75, a current ratio of 1.24 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $198.33. The company has a market cap of $40.80 billion, a P/E ratio of 29.80, a PEG ratio of 2.73 and a beta of 1.10.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.06. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the firm earned $1.64 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. On average, sell-side analysts predict that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, June 13th. AMETEK’s dividend payout ratio (DPR) is presently 20.29%.

Insider Buying and Selling

In related news, Director Thomas A. Amato sold 710 shares of AMETEK stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $176.64, for a total value of $125,414.40. Following the completion of the sale, the director now directly owns 10,560 shares in the company, valued at $1,865,318.40. This trade represents a 6.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is owned by company insiders.

AMETEK Company 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.