Timber Hill LLC bought a new position in AMETEK, Inc. (NYSE:AME) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,383 shares of the technology company’s stock, valued at approximately $825,000.
A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in AMETEK by 6.2% in the fourth quarter. BlackRock Inc. now owns 15,074,188 shares of the technology company’s stock worth $1,092,426,000 after buying an additional 886,625 shares during the last quarter. Boston Partners boosted its holdings in shares of AMETEK by 21.7% in the third quarter. Boston Partners now owns 5,233,468 shares of the technology company’s stock worth $345,618,000 after acquiring an additional 932,008 shares during the period. American Century Companies Inc. boosted its holdings in shares of AMETEK by 42.5% in the fourth quarter. American Century Companies Inc. now owns 4,067,798 shares of the technology company’s stock worth $294,793,000 after acquiring an additional 1,214,153 shares during the period. Westfield Capital Management Co. LP boosted its holdings in shares of AMETEK by 9.4% in the third quarter. Westfield Capital Management Co. LP now owns 2,843,212 shares of the technology company’s stock worth $187,766,000 after acquiring an additional 244,892 shares during the period. Finally, Mawer Investment Management Ltd. boosted its holdings in shares of AMETEK by 3.4% in the third quarter. Mawer Investment Management Ltd. now owns 2,636,050 shares of the technology company’s stock worth $174,067,000 after acquiring an additional 87,009 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.
AME has been the subject of a number of analyst reports. Robert W. Baird raised their price target on AMETEK from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Oppenheimer reaffirmed a “buy” rating and issued a $75.00 price target on shares of AMETEK in a report on Thursday, December 21st. KeyCorp reaffirmed a “buy” rating and issued a $82.00 price target on shares of AMETEK in a report on Friday, January 19th. Wells Fargo & Co set a $88.00 price target on AMETEK and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Cowen reaffirmed a “buy” rating and issued a $80.00 price target on shares of AMETEK in a report on Friday, December 22nd. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. AMETEK presently has an average rating of “Buy” and an average target price of $81.64.
In related news, Director Elizebeth R. Varet sold 3,050 shares of AMETEK stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $71.83, for a total transaction of $219,081.50. Following the completion of the sale, the director now owns 117,930 shares of the company’s stock, valued at $8,470,911.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Zapico sold 25,965 shares of AMETEK stock in a transaction on Monday, December 11th. The shares were sold at an average price of $71.77, for a total value of $1,863,508.05. Following the sale, the insider now directly owns 200,548 shares of the company’s stock, valued at approximately $14,393,329.96. The disclosure for this sale can be found here. Insiders have sold 72,654 shares of company stock valued at $5,395,335 in the last three months. 2.10% of the stock is owned by corporate insiders.
AMETEK, Inc. (AME) opened at $76.47 on Friday. AMETEK, Inc. has a twelve month low of $52.42 and a twelve month high of $78.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.70 and a quick ratio of 1.22. The company has a market capitalization of $17,645.80, a price-to-earnings ratio of 26.01, a PEG ratio of 2.18 and a beta of 1.32.
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, 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 analyst estimates of $1.09 billion. AMETEK had a return on equity of 16.39% and a net margin of 15.85%. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share. research analysts anticipate that AMETEK, Inc. will post 3.04 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 16th will be paid a dividend of $0.14 per share. This is a positive change from AMETEK’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.56 annualized dividend and a yield of 0.73%. AMETEK’s dividend payout ratio (DPR) is currently 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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