Investors Purchase Large Volume of Put Options on AMETEK (AME)

AMETEK, Inc. (NYSE:AME) saw unusually large options trading on Wednesday. Investors bought 4,545 put options on the stock. This represents an increase of approximately 2,117% compared to the average volume of 205 put options.

Shares of AMETEK (NYSE AME) opened at $76.35 on Thursday. The company has a market capitalization of $17,500.20, a PE ratio of 29.01, a PEG ratio of 2.16 and a beta of 1.32. 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 has a 1 year low of $52.42 and a 1 year high of $78.51.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, February 1st. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.03. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.09 billion. AMETEK had a return on equity of 16.39% and a net margin of 15.85%. AMETEK’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the company earned $0.58 earnings per share. research analysts forecast that AMETEK will post 3.04 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 16th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, March 15th. This is an increase from AMETEK’s previous quarterly dividend of $0.09. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. AMETEK’s dividend payout ratio (DPR) is presently 12.24%.

In other AMETEK news, insider David A. Zapico sold 25,965 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $71.77, for a total value of $1,863,508.05. Following the transaction, the insider now owns 200,548 shares of the company’s stock, valued at $14,393,329.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Elizebeth R. Varet sold 3,050 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $71.83, for a total value of $219,081.50. Following the completion of the transaction, the director now directly owns 117,930 shares in the company, valued at approximately $8,470,911.90. The disclosure for this sale can be found here. Insiders have sold 72,654 shares of company stock worth $5,395,335 in the last 90 days. Company insiders own 2.10% of the company’s stock.

Several large investors have recently bought and sold shares of AME. Ark Investment Management LLC grew its holdings in shares of AMETEK by 58.9% during the second quarter. Ark Investment Management LLC now owns 6,184 shares of the technology company’s stock worth $375,000 after buying an additional 2,293 shares in the last quarter. QS Investors LLC grew its holdings in shares of AMETEK by 0.9% during the second quarter. QS Investors LLC now owns 2,846 shares of the technology company’s stock worth $172,000 after buying an additional 25 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of AMETEK during the third quarter worth about $5,947,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of AMETEK by 393.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 16,618 shares of the technology company’s stock worth $1,098,000 after buying an additional 13,253 shares in the last quarter. Finally, Oakbrook Investments LLC grew its holdings in shares of AMETEK by 7.7% during the third quarter. Oakbrook Investments LLC now owns 18,960 shares of the technology company’s stock worth $1,252,000 after buying an additional 1,350 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Several equities analysts have weighed in on the company. Morgan Stanley increased their target price on AMETEK from $67.00 to $76.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. BMO Capital Markets raised their price target on AMETEK from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Zacks Investment Research raised AMETEK from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Monday, February 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a $92.00 price target on shares of AMETEK in a research report on Thursday, February 1st. Finally, KeyCorp raised their price target on AMETEK from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $81.64.

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AMETEK Company Profile

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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