Private Advisor Group LLC Buys 1,103 Shares of AMETEK, Inc. (NYSE:AME)

Private Advisor Group LLC increased its stake in shares of AMETEK, Inc. (NYSE:AME) by 13.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,322 shares of the technology company’s stock after acquiring an additional 1,103 shares during the period. Private Advisor Group LLC’s holdings in AMETEK were worth $1,244,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AME. Alpha Paradigm Partners LLC bought a new stake in AMETEK during the first quarter worth about $42,000. KB Financial Partners LLC bought a new stake in AMETEK in the first quarter valued at approximately $45,000. Logan Capital Management Inc. bought a new stake in AMETEK in the first quarter valued at approximately $57,000. Ameritas Investment Company LLC bought a new stake in AMETEK in the first quarter valued at approximately $76,000. Finally, CX Institutional raised its stake in AMETEK by 62.1% in the second quarter. CX Institutional now owns 624 shares of the technology company’s stock valued at $83,000 after buying an additional 239 shares during the period. Institutional investors and hedge funds own 87.18% of the company’s stock.

AME stock opened at $124.27 on Thursday. The company has a market capitalization of $28.73 billion, a P/E ratio of 32.96, a price-to-earnings-growth ratio of 2.65 and a beta of 1.33. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.72 and a current ratio of 1.10. AMETEK, Inc. has a 52-week low of $96.86 and a 52-week high of $140.10. The business has a 50-day simple moving average of $131.94 and a two-hundred day simple moving average of $133.43.

AMETEK (NYSE:AME) last posted its quarterly earnings results on Monday, August 2nd. The technology company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.33 billion. AMETEK had a net margin of 17.78% and a return on equity of 16.61%. AMETEK’s revenue was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 EPS. As a group, sell-side analysts forecast that AMETEK, Inc. will post 4.67 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 30th. Investors of record on Tuesday, September 14th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.64%. AMETEK’s dividend payout ratio (DPR) is presently 20.25%.

In related news, Director Steven W. Kohlhagen sold 5,160 shares of AMETEK stock in a transaction that occurred on Wednesday, September 8th. The shares were sold at an average price of $132.28, for a total value of $682,564.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

AME has been the topic of a number of recent research reports. Rosenblatt Securities increased their target price on AMETEK from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, August 4th. Robert W. Baird upgraded AMETEK to a “hold” rating in a research note on Thursday, August 5th. Morgan Stanley lowered their target price on AMETEK from $156.00 to $154.00 and set an “overweight” rating on the stock in a research note on Thursday, October 7th. Wells Fargo & Company increased their target price on AMETEK from $170.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 4th. Finally, KeyCorp increased their target price on AMETEK from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 4th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, AMETEK currently has a consensus rating of “Buy” and a consensus target price of $156.00.

AMETEK Company Profile

AMETEK, Inc engages in the manufacture of electronic instruments and electromechanical devices. It operates through the following two segments: Electronic Instruments and Electromechanical. The Electronic Instruments segment designs and manufactures advanced instruments for the process, aerospace, power and industrial markets.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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