AMETEK, Inc. (NYSE:AME) Position Increased by Interval Partners LP

Interval Partners LP raised its position in AMETEK, Inc. (NYSE:AME) by 66.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,812 shares of the technology company’s stock after purchasing an additional 54,562 shares during the quarter. Interval Partners LP’s holdings in AMETEK were worth $22,808,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can lifted its holdings in shares of AMETEK by 10.5% during the 2nd quarter. Bank of Montreal Can now owns 307,017 shares of the technology company’s stock valued at $52,046,000 after buying an additional 29,212 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in AMETEK by 75.2% in 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 acquiring an additional 3,849 shares during the last quarter. Nippon Life Global Investors Americas Inc. grew its position in AMETEK by 3.7% in the second quarter. Nippon Life Global Investors Americas Inc. now owns 7,850 shares of the technology company’s stock worth $1,309,000 after acquiring an additional 280 shares in the last quarter. Fidelis Capital Partners LLC increased its stake in shares of AMETEK by 12.5% during 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. lifted its stake in shares of AMETEK by 20.2% in 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 last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Trading Down 0.7 %

Shares of AME stock opened at $171.10 on Monday. The firm has a market capitalization of $39.60 billion, a P/E ratio of 30.07, a price-to-earnings-growth ratio of 2.71 and a beta of 1.17. AMETEK, Inc. has a 1 year low of $136.89 and a 1 year high of $186.32. The firm’s fifty day simple moving average is $166.57 and its 200 day simple moving average is $171.27. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 0.20.

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

AMETEK Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Robert W. Baird cut their price objective on AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. TD Cowen decreased their target price on AMETEK from $165.00 to $158.00 and set a “hold” rating for the company in a research report on Monday, August 5th. Truist Financial lowered their price target on AMETEK from $204.00 to $201.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, 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. Five research 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.29.

AMETEK Company 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.