AMETEK, Inc. (NYSE:AME) Shares Purchased by Interval Partners LP

Interval Partners LP raised its holdings in shares of AMETEK, Inc. (NYSE:AME) by 66.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,812 shares of the technology company’s stock after purchasing an additional 54,562 shares during the period. Interval Partners LP owned about 0.06% of AMETEK worth $22,808,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of AME. Bank of Montreal Can raised its stake in AMETEK by 10.5% during the second quarter. Bank of Montreal Can now owns 307,017 shares of the technology company’s stock worth $52,046,000 after acquiring an additional 29,212 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of AMETEK by 75.2% during the second quarter. Public Sector Pension Investment Board now owns 8,967 shares of the technology company’s stock valued at $1,495,000 after purchasing an additional 3,849 shares during the last quarter. Nippon Life Global Investors Americas Inc. raised its position in shares of AMETEK by 3.7% during the 2nd quarter. Nippon Life Global Investors Americas Inc. now owns 7,850 shares of the technology company’s stock worth $1,309,000 after purchasing an additional 280 shares during the period. Fidelis Capital Partners LLC lifted its holdings in shares of AMETEK by 12.5% in the 2nd quarter. Fidelis Capital Partners LLC now owns 1,629 shares of the technology company’s stock worth $255,000 after purchasing an additional 181 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its position in AMETEK by 20.2% during the 2nd quarter. Epoch Investment Partners Inc. now owns 228,973 shares of the technology company’s stock valued at $38,172,000 after purchasing an additional 38,503 shares during the period. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Trading Down 0.7 %

Shares of AMETEK stock opened at $171.10 on Monday. The business has a fifty day simple moving average of $166.57 and a 200-day simple moving average of $171.27. AMETEK, Inc. has a fifty-two week low of $136.89 and a fifty-two week high of $186.32. The firm has a market cap of $39.60 billion, a price-to-earnings ratio of 30.07, a price-to-earnings-growth ratio of 2.71 and a beta of 1.17. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 0.20.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. AMETEK’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.57 EPS. On average, equities analysts forecast that AMETEK, Inc. will post 6.77 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Monday, September 16th. AMETEK’s dividend payout ratio is presently 19.68%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Truist Financial dropped their price objective on shares of AMETEK from $204.00 to $201.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Royal Bank of Canada reduced their target price on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Redburn Atlantic upgraded shares of AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd. Finally, TD Cowen decreased their price objective on AMETEK from $165.00 to $158.00 and set a “hold” rating for the company in a report on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $186.29.

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.