Intech Investment Management LLC Has $6.11 Million Stock Holdings in AMETEK, Inc. (NYSE:AME)

Intech Investment Management LLC grew its holdings in AMETEK, Inc. (NYSE:AME) by 23.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,674 shares of the technology company’s stock after buying an additional 7,040 shares during the quarter. Intech Investment Management LLC’s holdings in AMETEK were worth $6,114,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position 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 worth $275,266,000 after purchasing an additional 167,602 shares during the period. Cim LLC acquired a new stake in AMETEK in the fourth quarter worth about $1,254,000. Nomura Holdings Inc. acquired a new stake in AMETEK in the fourth quarter worth about $768,000. Duality Advisers LP acquired a new stake in AMETEK in the first quarter worth about $1,676,000. Finally, Czech National Bank increased its position in AMETEK by 8.6% in the second quarter. Czech National Bank now owns 44,108 shares of the technology company’s stock worth $7,353,000 after purchasing an additional 3,499 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

AMETEK Trading Down 0.7 %

NYSE:AME opened at $171.10 on Friday. AMETEK, Inc. has a fifty-two week low of $136.89 and a fifty-two week high of $186.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.26 and a quick ratio of 0.76. The stock has a market capitalization of $39.60 billion, a PE ratio of 30.07, a price-to-earnings-growth ratio of 2.71 and a beta of 1.17. The business’s 50-day simple moving average is $166.57 and its 200-day simple moving average is $171.33.

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

AMETEK Announces Dividend

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

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.