BNP PARIBAS ASSET MANAGEMENT Holding S.A. Grows Stock Position in AMETEK, Inc. (NYSE:AME)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of AMETEK, Inc. (NYSE:AME) by 104.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,366 shares of the technology company’s stock after buying an additional 9,896 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in AMETEK were worth $3,229,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Kestra Private Wealth Services LLC lifted its holdings in shares of AMETEK by 6.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 3,860 shares of the technology company’s stock worth $636,000 after acquiring an additional 223 shares during the last quarter. Savant Capital LLC raised its position in AMETEK by 4.1% in the 4th quarter. Savant Capital LLC now owns 3,824 shares of the technology company’s stock worth $631,000 after purchasing an additional 150 shares during the period. First Trust Direct Indexing L.P. lifted its stake in AMETEK by 10.0% in the fourth quarter. First Trust Direct Indexing L.P. now owns 4,590 shares of the technology company’s stock worth $757,000 after purchasing an additional 416 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of AMETEK by 577.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 976 shares of the technology company’s stock valued at $161,000 after buying an additional 832 shares during the period. Finally, M&T Bank Corp grew its stake in shares of AMETEK by 0.5% during the fourth quarter. M&T Bank Corp now owns 15,442 shares of the technology company’s stock valued at $2,547,000 after buying an additional 73 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.

Insiders Place Their Bets

In other news, Director Steven W. Kohlhagen sold 1,440 shares of AMETEK stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $173.93, for a total value of $250,459.20. Following the transaction, the director now directly owns 24,809 shares in the company, valued at approximately $4,315,029.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Oppenheimer raised AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 price target for the company in a research note on Wednesday, May 22nd. Robert W. Baird decreased their target price on AMETEK from $171.00 to $166.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada cut their price target on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. StockNews.com lowered shares of AMETEK from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, TD Cowen dropped their target price on shares of AMETEK from $165.00 to $158.00 and set a “hold” rating on the stock in a research note on Monday, August 5th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $186.29.

AMETEK Stock Performance

Shares of AMETEK stock opened at $171.05 on Monday. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average price is $166.38 and its 200-day moving average price is $172.34. The firm has a market cap of $39.60 billion, a P/E ratio of 30.06, a P/E/G ratio of 2.81 and a beta of 1.18. AMETEK, Inc. has a 12 month low of $136.89 and a 12 month high of $186.32.

AMETEK (NYSE:AME) last posted its earnings results on Thursday, August 1st. The technology company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.78 billion. During the same quarter last year, the firm posted $1.57 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts expect that AMETEK, Inc. will post 6.77 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently disclosed 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. This represents a $1.12 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Monday, September 16th. AMETEK’s dividend payout ratio (DPR) is 19.68%.

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.