AMETEK, Inc. (NYSE:AME) Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its stake in shares of AMETEK, Inc. (NYSE:AME) by 43.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 411,183 shares of the technology company’s stock after selling 320,905 shares during the period. American Century Companies Inc. owned approximately 0.18% of AMETEK worth $68,548,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Washington Trust Advisors Inc. acquired a new position in shares of AMETEK in the 1st quarter worth approximately $37,000. Family Firm Inc. acquired a new position in shares of AMETEK in the 2nd quarter worth approximately $39,000. Industrial Alliance Investment Management Inc. purchased a new position in shares of AMETEK in the second quarter worth approximately $42,000. Headlands Technologies LLC purchased a new position in shares of AMETEK in the first quarter worth approximately $43,000. Finally, Crewe Advisors LLC increased its position in shares of AMETEK by 168.8% in the second quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock worth $49,000 after acquiring an additional 184 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Stock Performance

AME stock opened at $167.51 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.26. The stock has a market cap of $38.79 billion, a P/E ratio of 29.44, a P/E/G ratio of 2.71 and a beta of 1.17. The firm has a 50 day simple moving average of $166.25 and a 200 day simple moving average of $171.64. AMETEK, Inc. has a 52 week low of $136.89 and a 52 week high of $186.32.

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

AMETEK Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Monday, September 16th. AMETEK’s dividend payout ratio (DPR) is presently 19.68%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AME shares. Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Robert W. Baird dropped their target price on shares of AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Oppenheimer raised shares of AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 target price on the stock in a research report on Wednesday, May 22nd. Finally, Truist Financial decreased 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. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AMETEK currently has a consensus rating of “Moderate Buy” and a consensus 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.