Sarasin & Partners LLP bought a new stake in AMETEK, Inc. (NYSE:AME – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,998 shares of the technology company’s stock, valued at approximately $2,258,000.
Several other institutional investors and hedge funds have also bought and sold shares of AME. Darwin Wealth Management LLC acquired a new position in shares of AMETEK during the second quarter worth $25,000. TruNorth Capital Management LLC acquired a new stake in shares of AMETEK in the 3rd quarter worth $31,000. Grey Fox Wealth Advisors LLC purchased a new position in AMETEK during the 3rd quarter worth $39,000. Westside Investment Management Inc. increased its position in AMETEK by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 224 shares of the technology company’s stock valued at $42,000 after buying an additional 112 shares in the last quarter. Finally, Sound Income Strategies LLC increased its position in AMETEK by 4,420.0% during the 3rd quarter. Sound Income Strategies LLC now owns 226 shares of the technology company’s stock valued at $41,000 after buying an additional 221 shares in the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.
AMETEK Trading Down 1.0%
NYSE AME opened at $209.32 on Friday. The company has a fifty day moving average of $224.90 and a 200 day moving average of $205.07. The company has a market capitalization of $47.95 billion, a PE ratio of 32.71, a P/E/G ratio of 2.99 and a beta of 1.02. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.06 and a quick ratio of 0.67. AMETEK, Inc. has a 1 year low of $145.02 and a 1 year high of $242.05.
AMETEK Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.34 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. This is an increase from AMETEK’s previous quarterly dividend of $0.31. AMETEK’s dividend payout ratio (DPR) is presently 21.25%.
Insider Buying and Selling
In other AMETEK news, VP Thomas M. Montgomery sold 6,388 shares of AMETEK stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $205.05, for a total value of $1,309,859.40. Following the completion of the transaction, the vice president owned 22,116 shares of the company’s stock, valued at approximately $4,534,885.80. The trade was a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.57% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Oppenheimer downgraded AMETEK from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 27th. TD Cowen reiterated a “buy” rating on shares of AMETEK in a research note on Tuesday, February 3rd. Barclays boosted their target price on shares of AMETEK from $210.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Robert W. Baird set a $245.00 price target on shares of AMETEK in a report on Thursday, February 5th. Finally, Mizuho set a $235.00 price objective on shares of AMETEK in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.82.
Get Our Latest Report on AMETEK
AMETEK Company Profile
AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.
The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.
See Also
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