Fidelis Capital Partners LLC Has $255,000 Holdings in AMETEK, Inc. (NYSE:AME)

Fidelis Capital Partners LLC lifted its position in AMETEK, Inc. (NYSE:AME) by 12.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,629 shares of the technology company’s stock after purchasing an additional 181 shares during the quarter. Fidelis Capital Partners LLC’s holdings in AMETEK were worth $255,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Washington Trust Advisors Inc. acquired a new position in shares of AMETEK in the 1st quarter valued at $37,000. Family Firm Inc. bought a new stake in shares of AMETEK in the 2nd quarter valued at approximately $39,000. Industrial Alliance Investment Management Inc. acquired a new position in shares of AMETEK in the 2nd quarter worth approximately $42,000. Headlands Technologies LLC bought a new position in shares of AMETEK during the 1st quarter worth approximately $43,000. Finally, Crewe Advisors LLC grew its holdings in shares of AMETEK by 168.8% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock worth $49,000 after purchasing an additional 184 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Stock Down 0.0 %

NYSE:AME opened at $171.09 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 0.20. AMETEK, Inc. has a 12-month low of $136.89 and a 12-month high of $186.32. The stock’s fifty day simple moving average is $166.55 and its 200-day simple moving average is $171.19. The firm has a market capitalization of $39.60 billion, a P/E ratio of 30.07, a P/E/G ratio of 2.71 and a beta of 1.17.

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, topping 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 analyst estimates of $1.78 billion. During the same quarter last year, the firm earned $1.57 EPS. AMETEK’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts expect that AMETEK, Inc. will post 6.77 earnings per share for the current year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors 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 dividend payout ratio is currently 19.68%.

Analyst Ratings Changes

AME has been the subject of a number of research analyst reports. Royal Bank of Canada cut their target price on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Truist Financial reduced their price target on shares of AMETEK from $204.00 to $201.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. TD Cowen reduced their price objective on AMETEK from $165.00 to $158.00 and set a “hold” rating on the stock in a report on Monday, August 5th. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Wolfe Research raised AMETEK to a “hold” rating in a research note on Wednesday, September 18th. 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. According to data from MarketBeat, AMETEK 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.