UBS Group AG Sells 28,122 Shares of AMETEK, Inc. (NYSE:AME)

UBS Group AG reduced its holdings in AMETEK, Inc. (NYSE:AMEFree Report) by 5.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 474,319 shares of the technology company’s stock after selling 28,122 shares during the period. UBS Group AG owned 0.21% of AMETEK worth $70,085,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. grew its position in shares of AMETEK by 9.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,306 shares of the technology company’s stock valued at $573,000 after acquiring an additional 376 shares during the period. Lord Abbett & CO. LLC grew its position in shares of AMETEK by 12.7% in the 1st quarter. Lord Abbett & CO. LLC now owns 84,481 shares of the technology company’s stock valued at $11,251,000 after acquiring an additional 9,510 shares during the period. Prudential PLC bought a new position in shares of AMETEK in the 1st quarter valued at about $591,000. Cetera Investment Advisers boosted its holdings in shares of AMETEK by 45.1% during the 1st quarter. Cetera Investment Advisers now owns 2,974 shares of the technology company’s stock worth $396,000 after buying an additional 924 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in AMETEK by 41.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,379 shares of the technology company’s stock valued at $316,000 after buying an additional 700 shares during the last quarter. 85.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AME. Royal Bank of Canada decreased their price target on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Friday. KeyCorp increased their target price on shares of AMETEK from $176.00 to $182.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Finally, TD Cowen lowered shares of AMETEK from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $165.00 to $160.00 in a research report on Monday, November 27th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, AMETEK currently has a consensus rating of “Moderate Buy” and an average target price of $174.25.

Check Out Our Latest Report on AMETEK

AMETEK Price Performance

Shares of NYSE:AME opened at $168.42 on Tuesday. The company has a market cap of $38.87 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 2.68 and a beta of 1.21. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.98 and a quick ratio of 0.59. The firm has a 50 day simple moving average of $163.16 and a 200 day simple moving average of $156.09. AMETEK, Inc. has a one year low of $131.52 and a one year high of $169.30.

AMETEK (NYSE:AMEGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.62 by $0.06. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.73 billion. AMETEK had a net margin of 19.91% and a return on equity of 17.96%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 EPS. Research analysts predict that AMETEK, Inc. will post 6.84 earnings per share for the current fiscal year.

AMETEK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 8th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, March 7th. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. This is an increase from AMETEK’s previous quarterly dividend of $0.25. AMETEK’s dividend payout ratio (DPR) is presently 17.64%.


(Free Report)

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. It operates in two segments, Electronic Instruments (EIG) and Electromechanical (EMG). 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; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets.Its EMG segment offers engineered electrical connectors and electronics packaging to protect sensitive devices and mission-critical electronics; precision motion control products for data storage, medical devices, business equipment, automation, and other applications; high-purity powdered metals, strips and foils, specialty clad metals, and metal matrix composites; motor-blower systems and heat exchangers for use in thermal management, military, commercial aircraft, and military ground vehicles; and motors for use in commercial appliances, fitness equipment, food and beverage machines, hydraulic pumps, and industrial blowers.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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