Anderson Hoagland & Co. decreased its stake in shares of AMETEK, Inc. (NYSE:AME) by 35.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,375 shares of the technology company’s stock after selling 5,140 shares during the period. Anderson Hoagland & Co.’s holdings in AMETEK were worth $679,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. IHT Wealth Management LLC bought a new position in shares of AMETEK during the second quarter worth about $194,000. Acropolis Investment Management LLC bought a new position in shares of AMETEK during the fourth quarter worth about $108,000. Commonwealth Bank of Australia lifted its position in shares of AMETEK by 17.7% during the second quarter. Commonwealth Bank of Australia now owns 1,747 shares of the technology company’s stock worth $104,000 after purchasing an additional 263 shares during the last quarter. BB&T Investment Services Inc. bought a new position in shares of AMETEK during the second quarter worth about $107,000. Finally, Zions Bancorporation bought a new position in shares of AMETEK during the third quarter worth about $150,000. 84.77% of the stock is currently owned by institutional investors and hedge funds.

In other AMETEK news, VP Thomas M. Montgomery sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $70.35, for a total value of $126,630.00. Following the sale, the vice president now owns 19,947 shares in the company, valued at $1,403,271.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Zapico sold 25,965 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $71.77, for a total transaction of $1,863,508.05. Following the completion of the sale, the insider now owns 200,548 shares in the company, valued at approximately $14,393,329.96. The disclosure for this sale can be found here. Insiders sold 30,815 shares of company stock worth $2,209,220 in the last three months. 2.10% of the stock is currently owned by corporate insiders.

Several equities analysts have recently commented on AME shares. Robert W. Baird increased their price target on shares of AMETEK from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Jefferies Group increased their price target on shares of AMETEK from $66.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Oppenheimer reaffirmed a “buy” rating and set a $75.00 price target on shares of AMETEK in a research report on Thursday, December 21st. Cowen reaffirmed a “buy” rating and set a $80.00 price target on shares of AMETEK in a research report on Friday, December 22nd. Finally, Morgan Stanley increased their price target on shares of AMETEK from $64.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. AMETEK presently has an average rating of “Buy” and an average target price of $75.27.

Shares of AMETEK, Inc. (NYSE:AME) traded up $1.12 during midday trading on Thursday, reaching $76.03. 1,297,500 shares of the company’s stock were exchanged, compared to its average volume of 1,140,927. The company has a quick ratio of 1.16, a current ratio of 1.59 and a debt-to-equity ratio of 0.51. AMETEK, Inc. has a 1 year low of $50.06 and a 1 year high of $76.14. The company has a market capitalization of $17,312.99, a PE ratio of 31.95, a P/E/G ratio of 2.20 and a beta of 1.36.

AMETEK (NYSE:AME) last issued its earnings results on Thursday, November 2nd. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.04. AMETEK had a net margin of 13.37% and a return on equity of 16.48%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the company posted $0.56 earnings per share. AMETEK’s revenue was up 14.8% on a year-over-year basis. research analysts anticipate that AMETEK, Inc. will post 2.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th were issued a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $0.36 dividend on an annualized basis and a yield of 0.47%. AMETEK’s dividend payout ratio is currently 15.13%.

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About AMETEK

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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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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