Segall Bryant & Hamill LLC Takes Position in AMETEK, Inc. $AME

Segall Bryant & Hamill LLC acquired a new position in shares of AMETEK, Inc. (NYSE:AME) in the first quarter, Holdings Channel reports. The fund acquired 23,448 shares of the technology company’s stock, valued at approximately $5,259,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Y.D. More Investments Ltd acquired a new stake in shares of AMETEK in the 4th quarter valued at $1,653,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of AMETEK by 6.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 487,238 shares of the technology company’s stock worth $101,901,000 after purchasing an additional 28,621 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of AMETEK during the 4th quarter worth about $1,027,000. Massachusetts Financial Services Co. MA lifted its holdings in AMETEK by 10.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 959,937 shares of the technology company’s stock valued at $197,085,000 after purchasing an additional 94,544 shares during the last quarter. Finally, Investment Management Corp VA ADV acquired a new position in AMETEK in the fourth quarter valued at about $496,000. Institutional investors own 87.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on AME shares. Robert W. Baird set a $244.00 price objective on shares of AMETEK in a report on Friday, May 1st. Morgan Stanley boosted their target price on AMETEK from $235.00 to $245.00 and gave the stock an “equal weight” rating in a report on Friday, July 10th. Citigroup assumed coverage on AMETEK in a report on Monday, June 15th. They set a “neutral” rating and a $257.00 price target for the company. Weiss Ratings downgraded AMETEK from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Finally, Royal Bank Of Canada increased their target price on AMETEK from $259.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $256.29.

AMETEK Stock Performance

AMETEK stock opened at $244.02 on Tuesday. The company has a market cap of $55.93 billion, a PE ratio of 36.86, a PEG ratio of 3.39 and a beta of 0.98. The company has a current ratio of 1.14, a quick ratio of 0.72 and a debt-to-equity ratio of 0.10. AMETEK, Inc. has a 1 year low of $179.24 and a 1 year high of $244.97. The company’s 50-day moving average is $233.95 and its two-hundred day moving average is $228.88.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.34 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.36 annualized dividend and a yield of 0.6%. AMETEK’s dividend payout ratio (DPR) is 20.54%.

About AMETEK

AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.

The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.