Quantitative Systematic Strategies LLC acquired a new stake in shares of AMETEK, Inc. (NYSE:AME) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 6,780 shares of the technology company’s stock, valued at approximately $491,000.
Other institutional investors have also recently bought and sold shares of the company. BB&T Investment Services Inc. bought a new stake in shares of AMETEK in the 2nd quarter worth approximately $107,000. Acropolis Investment Management LLC purchased a new stake in AMETEK during the 4th quarter valued at $108,000. Zions Bancorporation purchased a new stake in AMETEK during the 3rd quarter valued at $150,000. QS Investors LLC raised its stake in AMETEK by 0.9% during the 2nd quarter. QS Investors LLC now owns 2,846 shares of the technology company’s stock valued at $172,000 after buying an additional 25 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in AMETEK during the 3rd quarter valued at $182,000. 85.94% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider David A. Zapico sold 25,965 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 200,548 shares of the company’s stock, valued at $14,393,329.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Thomas M. Montgomery sold 1,800 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $70.35, for a total transaction of $126,630.00. Following the transaction, the vice president now directly owns 19,947 shares of the company’s stock, valued at approximately $1,403,271.45. The disclosure for this sale can be found here. Insiders have sold 53,478 shares of company stock valued at $3,939,918 over the last quarter. Insiders own 2.10% of the company’s stock.
AME has been the subject of several analyst reports. Zacks Investment Research upgraded AMETEK from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Monday, November 13th. Stifel Nicolaus reaffirmed a “buy” rating on shares of AMETEK in a report on Monday, December 11th. Cowen reaffirmed a “buy” rating and issued a $80.00 target price on shares of AMETEK in a report on Friday, December 22nd. Oppenheimer reaffirmed a “buy” rating and issued a $75.00 target price on shares of AMETEK in a report on Thursday, December 21st. Finally, BMO Capital Markets reissued a “buy” rating and set a $80.00 price objective on shares of AMETEK in a report on Monday, December 11th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $80.00.
AMETEK, Inc. (NYSE:AME) traded down $0.32 during midday trading on Wednesday, hitting $74.10. 375,692 shares of the stock were exchanged, compared to its average volume of 1,302,800. The company has a current ratio of 1.70, a quick ratio of 1.22 and a debt-to-equity ratio of 0.46. AMETEK, Inc. has a 1 year low of $52.42 and a 1 year high of $78.51. The company has a market capitalization of $17,102.67, a P/E ratio of 25.31, a PEG ratio of 2.11 and a beta of 1.32.
AMETEK (NYSE:AME) last announced its earnings results on Thursday, February 1st. The technology company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.03. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.09 billion. AMETEK had a net margin of 15.85% and a return on equity of 16.39%. AMETEK’s revenue was up 17.5% compared to the same quarter last year. During the same period last year, the firm earned $0.58 earnings per share. equities research analysts expect that AMETEK, Inc. will post 3.04 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 16th will be paid a dividend of $0.14 per share. This is an increase from AMETEK’s previous quarterly dividend of $0.09. This represents a $0.56 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Thursday, March 15th. AMETEK’s payout ratio is presently 12.24%.
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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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