2 weeks Ago By ABMN Staff
Dai ichi Life Insurance Company Ltd cut its position in AMETEK, Inc. ( NYSE:AME – Free Report ) by 21.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 12,749 shares of the technology company’s stock after selling 3,465 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in AMETEK were worth $2,125,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company.
DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in AMETEK by 11.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,669,394 shares of the technology company’s stock valued at $275,266,000 after acquiring an additional 167,602 shares during the period.
Cim LLC bought a new stake in AMETEK during the 4th quarter valued at $1,254,000. Nomura Holdings Inc. acquired a new position in AMETEK during the fourth quarter worth $768,000.
Duality Advisers LP bought a new position in shares of AMETEK in the first quarter valued at $1,676,000. Finally, Czech National Bank grew its holdings in shares of AMETEK by 8.6% during the second quarter.
Czech National Bank now owns 44,108 shares of the technology company’s stock valued at $7,353,000 after buying an additional 3,499 shares during the last quarter. 87.43% of the stock is owned by institutional investors.
AMETEK Stock Up 0.4 % AME stock opened at $167.51 on Monday.
The stock has a fifty day moving average of $166.25 and a 200-day moving average of $171.64.
AMETEK, Inc. has a fifty-two week low of $136.89 and a fifty-two week high of $186.
32. The company has a market capitalization of $38.79 billion, a price-to-earnings ratio of 29.
44, a PEG ratio of 2.71 and a beta of 1.17.
The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.
26. AMETEK Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.
28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.
67%. The ex-dividend date is Monday, September 16th. AMETEK’s payout ratio is currently 19.
68%. Analyst Upgrades and Downgrades A number of equities analysts have issued reports on AME shares. Truist Financial cut their price target on AMETEK from $204.
00 to $201.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. TD Cowen decreased their price target on AMETEK from $165.
00 to $158.00 and set a “hold” rating for the company in a report on Monday, August 5th. Redburn Atlantic upgraded AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd.
Oppenheimer upgraded shares of AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 target price for the company in a research note on Wednesday, May 22nd. Finally, Royal Bank of Canada dropped their price target on shares of AMETEK from $216.
00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock.
Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.29. Get Our Latest Report on AME About AMETEK ( Free Report ) 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. Read More Want to see what other hedge funds are holding AME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMETEK, Inc.
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