Oddo BHF Asset Management Sas Has $6.91 Million Holdings in AMETEK, Inc. $AME

Oddo BHF Asset Management Sas grew its position in AMETEK, Inc. (NYSE:AME) by 13.8% in the first quarter, HoldingsChannel.com reports. The fund owned 32,237 shares of the technology company’s stock after buying an additional 3,917 shares during the period. Oddo BHF Asset Management Sas’ holdings in AMETEK were worth $6,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in AME. Norges Bank acquired a new stake in AMETEK during the 4th quarter valued at $831,372,000. Wellington Management Group LLP raised its position in shares of AMETEK by 302.9% in the fourth quarter. Wellington Management Group LLP now owns 2,807,664 shares of the technology company’s stock valued at $576,441,000 after purchasing an additional 2,110,818 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of AMETEK by 539.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,070,555 shares of the technology company’s stock worth $219,796,000 after buying an additional 903,061 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of AMETEK by 35.7% during the 3rd quarter. Lazard Asset Management LLC now owns 2,645,977 shares of the technology company’s stock worth $497,444,000 after buying an additional 695,419 shares during the period. Finally, Man Group plc boosted its holdings in shares of AMETEK by 411.8% during the 3rd quarter. Man Group plc now owns 785,020 shares of the technology company’s stock worth $147,584,000 after buying an additional 631,649 shares during the period. 87.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AME. Weiss Ratings cut AMETEK from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Morgan Stanley lifted their price target on AMETEK from $235.00 to $245.00 and gave the stock an “equal weight” rating in a report on Friday, July 10th. Robert W. Baird set a $244.00 price target on AMETEK in a research note on Friday, May 1st. Barclays upped their price objective on AMETEK from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Finally, Citigroup assumed coverage on AMETEK in a report on Monday, June 15th. They set a “neutral” rating and a $257.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $256.29.

AMETEK Stock Down 2.4%

Shares of AME opened at $235.74 on Thursday. AMETEK, Inc. has a 12 month low of $175.61 and a 12 month high of $244.71. The firm’s 50 day moving average is $232.88 and its 200-day moving average is $228.22. The stock has a market capitalization of $54.03 billion, a PE ratio of 35.61, a P/E/G ratio of 3.38 and a beta of 0.99. 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 (NYSE:AME) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.07. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.91 billion. AMETEK had a return on equity of 16.63% and a net margin of 20.11%.The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.75 earnings per share. Equities research analysts forecast that AMETEK, Inc. will post 8.14 EPS for the current year.

AMETEK Announces Dividend

The business also recently disclosed 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 of this dividend was Monday, June 15th. This represents a $1.36 annualized dividend and a yield of 0.6%. AMETEK’s payout ratio is currently 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.