DRW Securities LLC Invests $422,000 in AMETEK, Inc. (NYSE:AME)

DRW Securities LLC acquired a new position in AMETEK, Inc. (NYSE:AME) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,459 shares of the technology company’s stock, valued at approximately $422,000.

Other large investors also recently added to or reduced their stakes in the company. Czech National Bank raised its position in AMETEK by 8.6% in the second quarter. Czech National Bank now owns 44,108 shares of the technology company’s stock worth $7,353,000 after acquiring an additional 3,499 shares during the period. CWM LLC increased its stake in shares of AMETEK by 53.9% in the 2nd quarter. CWM LLC now owns 10,594 shares of the technology company’s stock worth $1,766,000 after purchasing an additional 3,711 shares in the last quarter. Swedbank AB bought a new position in AMETEK in the 1st quarter worth $3,833,000. Cetera Investment Advisers lifted its position in AMETEK by 573.2% during the first quarter. Cetera Investment Advisers now owns 59,754 shares of the technology company’s stock valued at $10,929,000 after purchasing an additional 50,878 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in AMETEK by 68.2% during the second quarter. Assenagon Asset Management S.A. now owns 152,132 shares of the technology company’s stock valued at $25,362,000 after purchasing an additional 61,677 shares during the period. 87.43% of the stock is currently owned by institutional investors.

AMETEK Stock Performance

AME opened at $197.13 on Wednesday. The stock has a market capitalization of $45.60 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 3.22 and a beta of 1.16. AMETEK, Inc. has a fifty-two week low of $149.03 and a fifty-two week high of $198.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. The company has a fifty day moving average of $177.61 and a 200 day moving average of $171.09.

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

AMETEK Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David F. Hermance sold 6,243 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $190.99, for a total value of $1,192,350.57. Following the transaction, the insider now owns 36,731 shares in the company, valued at approximately $7,015,253.69. This represents a 14.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,913 shares of company stock valued at $4,636,404 over the last three months. 0.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com downgraded AMETEK from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Redburn Atlantic upgraded shares of AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd. Wolfe Research upgraded shares of AMETEK to a “hold” rating in a research report on Wednesday, September 18th. TD Cowen cut shares of AMETEK from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Finally, Robert W. Baird lifted their target price on shares of AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $199.29.

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.