Headlands Technologies LLC Grows Holdings in AMETEK, Inc. (NYSE:AME)

Headlands Technologies LLC increased its position in shares of AMETEK, Inc. (NYSE:AME) by 6,560.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 15,652 shares of the technology company’s stock after purchasing 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 filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in AME. Washington Trust Advisors Inc. bought a new position in AMETEK during the first quarter worth $37,000. Family Firm Inc. bought a new position in AMETEK during the second quarter worth $39,000. Industrial Alliance Investment Management Inc. bought a new position in AMETEK during the second quarter worth $42,000. Crewe Advisors LLC lifted its stake in AMETEK by 168.8% during the second quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock worth $49,000 after purchasing an additional 184 shares during the last quarter. Finally, Mendota Financial Group LLC bought a new position in AMETEK during the first quarter worth $50,000. 87.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AME shares. TD Cowen reduced their price objective on AMETEK from $165.00 to $158.00 and set a “hold” rating on the stock in a research note on Monday, August 5th. Redburn Atlantic upgraded AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd. Royal Bank of Canada cut their target price on AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Truist Financial cut their target price on AMETEK from $204.00 to $201.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $186.29.

AMETEK Price Performance

Shares of AME opened at $164.94 on Wednesday. The firm 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. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.26. AMETEK, Inc. has a one year low of $136.89 and a one year high of $186.32. The stock’s fifty day moving average is $166.22 and its 200-day moving average is $171.89.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.78 billion. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $1.57 earnings per share. Equities analysts anticipate that AMETEK, Inc. will post 6.77 EPS for the current year.

AMETEK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Monday, September 16th. AMETEK’s dividend payout ratio (DPR) is 19.68%.

AMETEK 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.