Epoch Investment Partners Inc. Purchases 38,503 Shares of AMETEK, Inc. (NYSE:AME)

Epoch Investment Partners Inc. increased its position in AMETEK, Inc. (NYSE:AME) by 20.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 228,973 shares of the technology company’s stock after purchasing an additional 38,503 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.10% of AMETEK worth $38,172,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of AMETEK by 11.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,669,394 shares of the technology company’s stock worth $275,266,000 after acquiring an additional 167,602 shares during the period. Cim LLC bought a new position in AMETEK during the fourth quarter worth about $1,254,000. Nomura Holdings Inc. acquired a new stake in AMETEK during the fourth quarter valued at approximately $768,000. Duality Advisers LP acquired a new stake in AMETEK during the first quarter valued at approximately $1,676,000. Finally, Czech National Bank grew its stake in shares of AMETEK by 8.6% in the 2nd quarter. Czech National Bank now owns 44,108 shares of the technology company’s stock valued at $7,353,000 after purchasing an additional 3,499 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Trading Down 0.7 %

AME opened at $171.10 on Monday. AMETEK, Inc. has a 1-year low of $136.89 and a 1-year high of $186.32. The stock has a market capitalization of $39.60 billion, a PE ratio of 30.07, a PEG ratio of 2.71 and a beta of 1.17. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $166.57 and a two-hundred day moving average price of $171.27.

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

AMETEK Dividend Announcement

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 issued a dividend of $0.28 per share. The ex-dividend date is Monday, September 16th. This represents a $1.12 annualized dividend and a yield of 0.65%. AMETEK’s dividend payout ratio is currently 19.68%.

Analyst Ratings Changes

Several research firms recently commented on AME. Redburn Atlantic upgraded AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. Wolfe Research raised AMETEK to a “hold” rating in a report on Wednesday, September 18th. Robert W. Baird lowered their target price on shares of AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Truist Financial cut their price target on shares of AMETEK from $204.00 to $201.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, StockNews.com lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Five 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $186.29.

About AMETEK

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.