Altavista Wealth Management Inc. bought a new stake in AMETEK, Inc. (NYSE:AME) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,604 shares of the technology company’s stock, valued at approximately $274,000.
Other large investors have also recently modified their holdings of the company. Adviser Investments LLC acquired a new stake in shares of AMETEK in the 1st quarter valued at $103,000. Three Peaks Capital Management LLC acquired a new stake in shares of AMETEK in the 1st quarter valued at $111,000. Rampart Investment Management Company LLC acquired a new stake in shares of AMETEK in the 1st quarter valued at $178,000. 180 Wealth Advisors LLC acquired a new stake in shares of AMETEK in the 4th quarter valued at $200,000. Finally, Wetherby Asset Management Inc. acquired a new stake in shares of AMETEK in the 1st quarter valued at $210,000. Institutional investors own 84.06% of the company’s stock.
AME has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of AMETEK from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Tuesday, May 22nd. DA Davidson began coverage on shares of AMETEK in a research report on Thursday, April 12th. They set a “buy” rating and a $85.00 price target on the stock. ValuEngine upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Morgan Stanley upped their price target on shares of AMETEK from $76.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 3rd. Finally, BMO Capital Markets upped their price target on shares of AMETEK from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, May 3rd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $82.17.
Shares of NYSE AME opened at $75.09 on Monday. The stock has a market cap of $17.39 billion, a P/E ratio of 28.77, a P/E/G ratio of 2.40 and a beta of 1.26. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.18 and a current ratio of 1.69. AMETEK, Inc. has a 12-month low of $59.56 and a 12-month high of $79.32.
AMETEK (NYSE:AME) last issued its quarterly earnings results on Wednesday, May 2nd. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.06. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.12 billion. AMETEK had a net margin of 16.21% and a return on equity of 16.64%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. sell-side analysts forecast that AMETEK, Inc. will post 3.13 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, June 14th. This represents a $0.56 annualized dividend and a yield of 0.75%. AMETEK’s dividend payout ratio is currently 21.46%.
AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. Its Electronic Instruments Group segment offers advanced instruments for the process, power and industrial, and aerospace markets; process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage markets; and instruments for the laboratory equipment, ultraprecision manufacturing, medical, and test and measurement markets.
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