Coldstream Capital Management Inc. Has $858,000 Stock Position in AMETEK, Inc. (NYSE:AME)

Coldstream Capital Management Inc. raised its position in AMETEK, Inc. (NYSE:AME) by 6.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,146 shares of the technology company’s stock after acquiring an additional 327 shares during the period. Coldstream Capital Management Inc.’s holdings in AMETEK were worth $858,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. acquired a new position in AMETEK in the 1st quarter valued at approximately $37,000. Family Firm Inc. acquired a new position in AMETEK in the 2nd quarter valued at approximately $39,000. Headlands Technologies LLC acquired a new position in shares of AMETEK in the 1st quarter worth approximately $43,000. Industrial Alliance Investment Management Inc. acquired a new position in shares of AMETEK in the 2nd quarter worth approximately $42,000. Finally, Mendota Financial Group LLC acquired a new position in shares of AMETEK in the 1st quarter worth approximately $50,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AME. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. TD Cowen dropped their target price on AMETEK from $165.00 to $158.00 and set a “hold” rating for the company in a report on Monday, August 5th. Redburn Atlantic raised AMETEK to a “strong-buy” rating in a report on Friday, August 2nd. Robert W. Baird dropped their target price on AMETEK from $171.00 to $166.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Finally, Oppenheimer raised AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 target price for the company in a report on Wednesday, May 22nd. Four research 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $186.29.

AMETEK Trading Up 0.2 %

AME stock opened at $165.22 on Thursday. The business has a fifty day moving average price of $166.20 and a 200 day moving average price of $171.84. AMETEK, Inc. has a fifty-two week low of $136.89 and a fifty-two week high of $186.32. The stock has a market capitalization of $38.26 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 2.68 and a beta of 1.17. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.26 and a quick ratio of 0.76.

AMETEK (NYSE:AME) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $1.66 earnings per share 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 return on equity of 17.41% and a net margin of 19.51%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $1.57 EPS. Analysts expect that AMETEK, Inc. will post 6.77 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given 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 yield of 0.68%. AMETEK’s payout ratio is 19.68%.

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.