Williams Financial LLC Invests $6.04 Million in AMETEK, Inc. (NYSE:AME)

Williams Financial LLC acquired a new stake in AMETEK, Inc. (NYSE:AME) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 34,965 shares of the technology company’s stock, valued at approximately $6,040,000. AMETEK accounts for 1.5% of Williams Financial LLC’s holdings, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. 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 position in AMETEK during the second quarter worth about $39,000. Industrial Alliance Investment Management Inc. acquired a new position in shares of AMETEK during the 2nd quarter worth about $42,000. Headlands Technologies LLC bought a new stake in shares of AMETEK in the 1st quarter valued at about $43,000. Finally, Crewe Advisors LLC raised its position in shares of AMETEK by 168.8% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock valued at $49,000 after acquiring an additional 184 shares during the period. 87.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AME. TD Cowen decreased their price objective on shares of AMETEK from $165.00 to $158.00 and set a “hold” rating for the company 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 for the company in a research report on Wednesday, May 22nd. Robert W. Baird reduced their target price on AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Truist Financial dropped their price target on AMETEK from $204.00 to $201.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock 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 $167.51 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.26 and a quick ratio of 0.76. The firm has a market cap of $38.79 billion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 2.71 and a beta of 1.17. AMETEK, Inc. has a one year low of $136.89 and a one year high of $186.32. The stock’s 50-day moving average is $166.25 and its 200-day moving average is $171.68.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $1.66 earnings per share (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 company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period last year, the company earned $1.57 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that AMETEK, Inc. will post 6.77 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently announced 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 0.67%. The ex-dividend date is Monday, September 16th. 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.