APG Asset Management N.V. Increases Stock Holdings in AMETEK, Inc. (NYSE:AME)

APG Asset Management N.V. boosted its stake in shares of AMETEK, Inc. (NYSE:AME) by 58.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 95,001 shares of the technology company’s stock after buying an additional 35,055 shares during the period. APG Asset Management N.V.’s holdings in AMETEK were worth $14,777,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AME. Washington Trust Advisors Inc. purchased a new stake in shares of AMETEK in the first quarter valued at $37,000. Family Firm Inc. purchased a new stake in AMETEK in the 2nd quarter worth about $39,000. Headlands Technologies LLC bought a new stake in AMETEK in the first quarter worth about $43,000. Industrial Alliance Investment Management Inc. purchased a new position in shares of AMETEK during the second quarter valued at approximately $42,000. Finally, Crewe Advisors LLC raised its holdings 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 buying an additional 184 shares during the period. 87.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other AMETEK news, Director Steven W. Kohlhagen sold 1,460 shares of AMETEK stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the transaction, the director now directly owns 23,349 shares of the company’s stock, valued at $4,006,454.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is currently owned by company insiders.

AMETEK Stock Performance

Shares of NYSE:AME opened at $172.07 on Friday. The firm has a 50 day moving average of $166.43 and a 200 day moving average of $170.99. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $39.83 billion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 2.81 and a beta of 1.17. AMETEK, Inc. has a 52 week low of $136.89 and a 52 week high of $186.32.

AMETEK (NYSE:AME) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $1.66 EPS for the quarter, topping 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 firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the company posted $1.57 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, sell-side analysts predict that AMETEK, Inc. will post 6.77 earnings per share for the current fiscal year.

AMETEK Announces Dividend

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

Wall Street Analyst Weigh In

AME has been the subject of a number of recent analyst reports. Truist Financial dropped their price objective on AMETEK from $204.00 to $201.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Wolfe Research upgraded shares of AMETEK to a “hold” rating in a report on Wednesday, September 18th. Royal Bank of Canada decreased their price objective on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. 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 note on Wednesday, August 7th. Finally, Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.