E Fund Management Co. Ltd. Acquires Shares of 405 AMETEK, Inc. (NYSE:AME)

E Fund Management Co. Ltd. purchased a new stake in AMETEK, Inc. (NYSE:AME) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 405 shares of the technology company’s stock, valued at approximately $52,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Great Valley Advisor Group Inc. increased its stake in shares of AMETEK by 2.1% in the 1st quarter. Great Valley Advisor Group Inc. now owns 3,849 shares of the technology company’s stock valued at $491,000 after purchasing an additional 81 shares during the last quarter. CX Institutional increased its stake in shares of AMETEK by 27.5% in the 1st quarter. CX Institutional now owns 385 shares of the technology company’s stock valued at $49,000 after purchasing an additional 83 shares during the last quarter. DAVENPORT & Co LLC increased its stake in shares of AMETEK by 1.6% in the 1st quarter. DAVENPORT & Co LLC now owns 6,404 shares of the technology company’s stock valued at $818,000 after purchasing an additional 100 shares during the last quarter. Creative Planning grew its position in AMETEK by 0.4% during the 1st quarter. Creative Planning now owns 25,717 shares of the technology company’s stock worth $3,285,000 after acquiring an additional 112 shares during the last quarter. Finally, ICW Investment Advisors LLC grew its position in AMETEK by 3.0% during the 1st quarter. ICW Investment Advisors LLC now owns 3,888 shares of the technology company’s stock worth $497,000 after acquiring an additional 114 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

In other news, insider Thomas C. Marecic sold 19,240 shares of the business’s stock in a transaction dated Friday, March 26th. The stock was sold at an average price of $125.70, for a total value of $2,418,468.00. Following the transaction, the insider now directly owns 46,646 shares of the company’s stock, valued at approximately $5,863,402.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony James Conti sold 740 shares of the business’s stock in a transaction dated Thursday, March 25th. The shares were sold at an average price of $121.43, for a total value of $89,858.20. Following the completion of the transaction, the director now directly owns 25,538 shares in the company, valued at $3,101,079.34. The disclosure for this sale can be found here. Insiders sold a total of 77,908 shares of company stock worth $10,247,569 over the last three months. 0.70% of the stock is owned by company insiders.

NYSE AME opened at $136.35 on Friday. The company has a 50-day moving average of $133.89. AMETEK, Inc. has a 12 month low of $84.53 and a 12 month high of $139.07. The company has a market cap of $31.49 billion, a price-to-earnings ratio of 39.07, a PEG ratio of 2.94 and a beta of 1.34. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.73.

AMETEK (NYSE:AME) last released its quarterly earnings results on Monday, May 3rd. The technology company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. AMETEK had a return on equity of 15.97% and a net margin of 17.81%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.02 EPS. On average, analysts forecast that AMETEK, Inc. will post 4.56 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Monday, June 14th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, June 11th. AMETEK’s dividend payout ratio is 20.25%.

A number of equities research analysts recently weighed in on the company. KeyCorp boosted their price objective on AMETEK from $141.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 5th. Zacks Investment Research upgraded AMETEK from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Friday, April 16th. Wells Fargo & Company boosted their price objective on AMETEK from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 5th. Morgan Stanley boosted their price objective on AMETEK from $135.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 5th. Finally, DA Davidson upped their price target on AMETEK from $135.00 to $157.00 and gave the company a “buy” rating in a research report on Wednesday, May 5th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $151.67.

About AMETEK

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. It operates in two segments, Electronic Instruments (EIG) and Electromechanical (EMG). 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; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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