State of Alaska Department of Revenue raised its holdings in shares of AMETEK, Inc. (NYSE:AME) by 22.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,512 shares of the technology company’s stock after buying an additional 8,760 shares during the period. State of Alaska Department of Revenue’s holdings in AMETEK were worth $3,427,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AME. Adviser Investments LLC purchased a new stake in AMETEK during the first quarter valued at about $103,000. Summit Trail Advisors LLC boosted its position in AMETEK by 24,362.4% during the first quarter. Summit Trail Advisors LLC now owns 105,922 shares of the technology company’s stock valued at $106,000 after buying an additional 105,489 shares during the period. Three Peaks Capital Management LLC purchased a new stake in AMETEK during the first quarter valued at about $111,000. Rampart Investment Management Company LLC purchased a new stake in AMETEK during the first quarter valued at about $178,000. Finally, Wetherby Asset Management Inc. purchased a new stake in AMETEK during the first quarter valued at about $210,000. Institutional investors and hedge funds own 84.08% of the company’s stock.

In other news, Director Elizebeth R. Varet sold 3,000 shares of the company’s stock in a transaction dated Thursday, July 5th. The shares were sold at an average price of $72.07, for a total transaction of $216,210.00. Following the completion of the transaction, the director now directly owns 113,810 shares of the company’s stock, valued at $8,202,286.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Elizebeth R. Varet sold 2,000 shares of the stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $75.56, for a total transaction of $151,120.00. Following the completion of the transaction, the director now directly owns 113,810 shares of the company’s stock, valued at $8,599,483.60. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

AME has been the subject of several analyst reports. ValuEngine lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. BMO Capital Markets upped their price target on shares of AMETEK from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Thursday, May 3rd. Zacks Investment Research upgraded shares of AMETEK from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Wednesday, April 11th. Morgan Stanley upped their price target on shares of AMETEK from $76.00 to $79.00 and gave the company an “equal weight” rating in a research report on Thursday, May 3rd. Finally, DA Davidson initiated coverage on shares of AMETEK in a research report on Thursday, April 12th. They set a “buy” rating and a $85.00 price target for the company. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. AMETEK presently has a consensus rating of “Buy” and a consensus target price of $82.17.

Shares of AMETEK opened at $73.18 on Wednesday, Marketbeat.com reports. The stock has a market cap of $16.90 billion, a PE ratio of 26.15, a PEG ratio of 2.16 and a beta of 1.27. The company has a quick ratio of 1.18, a current ratio of 1.69 and a debt-to-equity ratio of 0.45. AMETEK, Inc. has a 12 month low of $60.50 and a 12 month high of $79.32.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Wednesday, May 2nd. The technology company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. AMETEK had a net margin of 16.21% and a return on equity of 16.64%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share. equities analysts anticipate that AMETEK, Inc. will post 3.14 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 29th. Stockholders of record on Friday, June 15th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Thursday, June 14th. AMETEK’s dividend payout ratio (DPR) is 21.46%.

About AMETEK

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. Its Electronic Instruments Group segment offers advanced instruments for the process, power and industrial, and aerospace markets; process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage markets; and instruments for the laboratory equipment, ultraprecision manufacturing, medical, and test and measurement markets.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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