Chicago Partners Investment Group LLC Purchases 161 Shares of AMETEK, Inc. (NYSE:AME)

Chicago Partners Investment Group LLC increased its position in shares of AMETEK, Inc. (NYSE:AME) by 8.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,113 shares of the technology company’s stock after purchasing an additional 161 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in AMETEK were worth $352,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AME. Norden Group LLC bought a new position in shares of AMETEK in the first quarter worth about $251,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of AMETEK by 6.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,926 shares of the technology company’s stock worth $6,571,000 after acquiring an additional 2,105 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of AMETEK by 4.0% in the first quarter. Nordea Investment Management AB now owns 24,756 shares of the technology company’s stock worth $4,539,000 after acquiring an additional 961 shares during the last quarter. Flossbach Von Storch AG lifted its holdings in shares of AMETEK by 3.4% in the first quarter. Flossbach Von Storch AG now owns 2,673,507 shares of the technology company’s stock worth $488,984,000 after acquiring an additional 87,477 shares during the last quarter. Finally, Duality Advisers LP bought a new position in shares of AMETEK in the first quarter worth about $1,676,000. Institutional investors own 87.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AME. Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a report on Friday, August 2nd. Royal Bank of Canada lowered their price objective on AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Wolfe Research raised AMETEK to a “hold” rating in a research note on Wednesday, September 18th. StockNews.com raised AMETEK from a “hold” rating to a “buy” rating in a research note on Monday. Finally, TD Cowen downgraded AMETEK from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $197.86.

Insider Transactions at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total transaction of $250,521.40. Following the completion of the sale, the director now owns 23,349 shares of the company’s stock, valued at $4,006,454.91. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.61% of the company’s stock.

AMETEK Stock Performance

NYSE:AME opened at $182.02 on Wednesday. The company has a market capitalization of $42.10 billion, a PE ratio of 31.71, a P/E/G ratio of 2.91 and a beta of 1.16. The company has a 50 day simple moving average of $169.69 and a two-hundred day simple moving average of $168.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. AMETEK, Inc. has a fifty-two week low of $141.65 and a fifty-two week high of $186.32.

AMETEK (NYSE:AME) last released its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 EPS. Research analysts anticipate that AMETEK, Inc. will post 6.81 earnings per share for the current year.

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Monday, September 16th. AMETEK’s dividend payout ratio (DPR) is 19.51%.

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.