Headlands Technologies LLC Increases Stake in AMETEK, Inc. (NYSE:AME)

Headlands Technologies LLC lifted its stake in shares of AMETEK, Inc. (NYSE:AME) by 6,560.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,652 shares of the technology company’s stock after acquiring an additional 15,417 shares during the period. Headlands Technologies LLC’s holdings in AMETEK were worth $2,609,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AME. Washington Trust Advisors Inc. purchased a new position in shares of AMETEK during the 1st quarter worth about $37,000. Family Firm Inc. acquired a new stake in AMETEK during the 2nd quarter worth approximately $39,000. Industrial Alliance Investment Management Inc. acquired a new stake in AMETEK during the 2nd quarter worth approximately $42,000. Crewe Advisors LLC increased its position in AMETEK by 168.8% during 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 in the last quarter. Finally, Mendota Financial Group LLC acquired a new stake in AMETEK during the 1st quarter worth approximately $50,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

AMETEK Stock Up 0.4 %

Shares of NYSE:AME opened at $164.94 on Wednesday. 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 52-week low of $136.89 and a 52-week high of $186.32. The company has a 50 day moving average of $166.22 and a two-hundred day moving average of $171.89. The company has a market capitalization of $38.19 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 2.68 and a beta of 1.17.

AMETEK (NYSE:AME) last released its earnings results on Thursday, August 1st. The technology company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.64 by $0.02. The company 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 in the prior year, the business posted $1.57 EPS. As a group, analysts forecast that AMETEK, Inc. will post 6.77 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Monday, September 16th. AMETEK’s dividend payout ratio (DPR) 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.