Rhumbline Advisers lessened its holdings in AMETEK, Inc. (NYSE:AME) by 0.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 432,844 shares of the technology company’s stock after selling 1,339 shares during the period. Rhumbline Advisers’ holdings in AMETEK were worth $31,368,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of AME. Ark Investment Management LLC raised its position in shares of AMETEK by 58.9% in the second quarter. Ark Investment Management LLC now owns 6,184 shares of the technology company’s stock worth $375,000 after buying an additional 2,293 shares in the last quarter. QS Investors LLC raised its position in AMETEK by 0.9% during the second quarter. QS Investors LLC now owns 2,846 shares of the technology company’s stock valued at $172,000 after purchasing an additional 25 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in AMETEK during the third quarter valued at about $5,947,000. Robeco Institutional Asset Management B.V. raised its position in AMETEK by 393.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 16,618 shares of the technology company’s stock valued at $1,098,000 after purchasing an additional 13,253 shares in the last quarter. Finally, Oakbrook Investments LLC raised its position in AMETEK by 7.7% during the third quarter. Oakbrook Investments LLC now owns 18,960 shares of the technology company’s stock valued at $1,252,000 after purchasing an additional 1,350 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.
In other news, VP William D. Eginton sold 16,368 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $77.00, for a total transaction of $1,260,336.00. Following the transaction, the vice president now directly owns 59,054 shares of the company’s stock, valued at $4,547,158. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Elizebeth R. Varet sold 3,050 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $71.83, for a total value of $219,081.50. Following the transaction, the director now directly owns 117,930 shares in the company, valued at $8,470,911.90. The disclosure for this sale can be found here. Insiders have sold 69,654 shares of company stock worth $5,165,985 over the last ninety days. Insiders own 2.10% of the company’s stock.
AME has been the topic of a number of research reports. Robert W. Baird raised their price target on AMETEK from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Morgan Stanley raised their price target on AMETEK from $64.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. BMO Capital Markets raised their price target on AMETEK from $77.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Oppenheimer raised their price target on AMETEK to $75.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research upgraded AMETEK from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Monday, November 13th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $81.64.
AMETEK, Inc. (NYSE AME) opened at $75.72 on Wednesday. AMETEK, Inc. has a 12 month low of $52.42 and a 12 month high of $78.51. The stock has a market capitalization of $17,692.02, a PE ratio of 29.33, a PEG ratio of 2.19 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.22 and a current ratio of 1.70.
AMETEK (NYSE:AME) last announced its quarterly earnings data on Thursday, February 1st. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.03. AMETEK had a return on equity of 16.39% and a net margin of 15.85%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. sell-side analysts anticipate that AMETEK, Inc. will post 3.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 16th will be paid a dividend of $0.14 per share. This is a boost from AMETEK’s previous quarterly dividend of $0.09. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, March 15th. AMETEK’s dividend payout ratio (DPR) is 12.24%.
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AMETEK Company Profile
AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets.
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