Savant Capital LLC Sells 1,168 Shares of AMETEK, Inc. (NYSE:AME)

Savant Capital LLC lowered its stake in AMETEK, Inc. (NYSE:AME) by 30.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,727 shares of the technology company’s stock after selling 1,168 shares during the quarter. Savant Capital LLC’s holdings in AMETEK were worth $455,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AME. Principal Securities Inc. bought a new position in AMETEK in the fourth quarter valued at approximately $239,000. QRG Capital Management Inc. lifted its stake in AMETEK by 5.9% in the fourth quarter. QRG Capital Management Inc. now owns 10,414 shares of the technology company’s stock valued at $1,717,000 after buying an additional 582 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in AMETEK by 8.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,905 shares of the technology company’s stock valued at $2,293,000 after buying an additional 1,104 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of AMETEK by 6.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 224,958 shares of the technology company’s stock valued at $36,128,000 after purchasing an additional 12,793 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of AMETEK by 2.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 122,527 shares of the technology company’s stock valued at $20,204,000 after purchasing an additional 3,295 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AME. Truist Financial lowered their price objective on shares of AMETEK from $204.00 to $201.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Redburn Atlantic upgraded shares of AMETEK to a “strong-buy” rating in a report on Friday, August 2nd. TD Cowen lowered their price objective on shares of AMETEK from $165.00 to $158.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Oppenheimer upgraded shares of AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 price objective on the stock in a report on Wednesday, May 22nd. Finally, Robert W. Baird lowered their price objective on shares of AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $186.29.

AMETEK Price Performance

Shares of AME opened at $166.88 on Friday. The company has a market cap of $38.64 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 2.68 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 company’s fifty day simple moving average is $166.21 and its 200 day simple moving average is $171.81. 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 issued 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. 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 period in the previous year, the company earned $1.57 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, research analysts forecast that AMETEK, Inc. will post 6.77 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.28 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. AMETEK’s dividend payout ratio is currently 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.