Davis R M Inc. Acquires 401 Shares of AMETEK, Inc. (NYSE:AME)

Davis R M Inc. grew its stake in shares of AMETEK, Inc. (NYSE:AME) by 0.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 330,210 shares of the technology company’s stock after purchasing an additional 401 shares during the period. Davis R M Inc. owned about 0.14% of AMETEK worth $56,700,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Family Firm Inc. bought a new stake in AMETEK during the second quarter worth $39,000. Industrial Alliance Investment Management Inc. purchased a new stake in shares of AMETEK in the second quarter valued at about $42,000. Princeton Global Asset Management LLC bought a new position in shares of AMETEK during the third quarter valued at about $44,000. Crewe Advisors LLC grew its position in AMETEK by 168.8% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock worth $49,000 after purchasing an additional 184 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in AMETEK in the 2nd quarter valued at about $50,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the stock in a transaction 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 transaction, the director now owns 23,349 shares of the company’s stock, valued at $4,006,454.91. This represents a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David F. Hermance sold 6,243 shares of AMETEK stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $190.99, for a total value of $1,192,350.57. Following the sale, the insider now directly owns 36,731 shares of the company’s stock, valued at approximately $7,015,253.69. This trade represents a 14.53 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

AMETEK Trading Up 0.8 %

Shares of AMETEK stock opened at $197.38 on Monday. The company’s 50-day moving average price is $176.46 and its 200-day moving average price is $170.72. 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 12-month low of $149.03 and a 12-month high of $197.83. The company has a market cap of $45.66 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 3.19 and a beta of 1.16.

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

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Friday, December 6th. AMETEK’s dividend payout ratio (DPR) is 19.51%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AME. Royal Bank of Canada reduced their target price on AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Mizuho lifted 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. StockNews.com lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Wolfe Research raised AMETEK to a “hold” rating in a research report on Wednesday, September 18th. Finally, Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, AMETEK presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.29.

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.