Wasatch Advisors LP Increases Stock Holdings in AMETEK, Inc. (NYSE:AME)

Wasatch Advisors LP boosted its position in shares of AMETEK, Inc. (NYSE:AME) by 3.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,891 shares of the technology company’s stock after acquiring an additional 188 shares during the quarter. Wasatch Advisors LP’s holdings in AMETEK were worth $1,012,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Family Firm Inc. acquired a new stake in AMETEK in the 2nd quarter valued at about $39,000. Industrial Alliance Investment Management Inc. acquired a new stake in AMETEK in the 2nd quarter valued at about $42,000. Princeton Global Asset Management LLC acquired a new stake in shares of AMETEK during the 3rd quarter worth about $44,000. 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, First Command Advisory Services Inc. purchased a new stake in AMETEK during the second quarter worth approximately $50,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

Insider Transactions at AMETEK

In other news, insider Tony J. Ciampitti sold 16,210 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the completion of the sale, the insider now owns 49,490 shares in the company, valued at $9,750,024.90. This represents a 24.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven W. Kohlhagen sold 1,460 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total value of $250,521.40. Following the sale, the director now owns 23,349 shares of the company’s stock, valued at $4,006,454.91. This trade represents a 5.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,660 shares of company stock worth $5,958,141 over the last 90 days. 0.61% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on AME. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Wolfe Research upgraded AMETEK to a “hold” rating in a research note on Wednesday, September 18th. Mizuho boosted their target price on AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Cowen cut AMETEK from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Finally, KeyCorp boosted their target price on AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, AMETEK has an average rating of “Moderate Buy” and an average price target of $199.29.

AMETEK Price Performance

Shares of NYSE AME opened at $194.38 on Monday. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. AMETEK, Inc. has a twelve month low of $149.03 and a twelve month high of $198.33. The stock has a 50 day moving average of $179.05 and a two-hundred day moving average of $171.63. The stock has a market cap of $44.96 billion, a P/E ratio of 33.86, a P/E/G ratio of 3.17 and a beta of 1.16.

AMETEK (NYSE:AME) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.62 by $0.04. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the prior year, the business earned $1.64 earnings per share. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, research analysts forecast that AMETEK, Inc. will post 6.8 earnings per share for the current year.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, December 6th. AMETEK’s dividend payout ratio (DPR) is presently 19.51%.

AMETEK Company 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.