Daiwa Securities Group Inc. Has $13.52 Million Holdings in AMETEK, Inc. (AME)

Daiwa Securities Group Inc. cut its holdings in AMETEK, Inc. (NYSE:AME) by 10.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 170,890 shares of the technology company’s stock after selling 20,145 shares during the period. Daiwa Securities Group Inc.’s holdings in AMETEK were worth $13,520,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. raised its stake in AMETEK by 11.8% in the second quarter. BlackRock Inc. now owns 18,178,345 shares of the technology company’s stock valued at $1,311,749,000 after buying an additional 1,922,878 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in AMETEK by 1.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,530,241 shares of the technology company’s stock valued at $437,553,000 after buying an additional 82,638 shares in the last quarter. Boston Partners raised its stake in AMETEK by 3.4% in the second quarter. Boston Partners now owns 5,436,691 shares of the technology company’s stock valued at $392,311,000 after buying an additional 179,026 shares in the last quarter. Mawer Investment Management Ltd. raised its stake in AMETEK by 1.8% in the second quarter. Mawer Investment Management Ltd. now owns 2,792,795 shares of the technology company’s stock valued at $201,516,000 after buying an additional 48,755 shares in the last quarter. Finally, AustralianSuper Pty Ltd raised its stake in AMETEK by 17.1% in the second quarter. AustralianSuper Pty Ltd now owns 2,212,000 shares of the technology company’s stock valued at $159,618,000 after buying an additional 323,600 shares in the last quarter. Institutional investors own 85.09% of the company’s stock.

Shares of AME stock opened at $72.63 on Monday. The stock has a market cap of $16.84 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 2.03 and a beta of 1.30. AMETEK, Inc. has a 1 year low of $64.91 and a 1 year high of $81.92. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.42 and a current ratio of 2.06.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Thursday, November 1st. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.04. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. AMETEK had a return on equity of 17.08% and a net margin of 17.06%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 earnings per share. Analysts predict that AMETEK, Inc. will post 3.27 earnings per share for the current year.

In related news, Director Elizebeth R. Varet sold 1,500 shares of the firm’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $78.10, for a total transaction of $117,150.00. Following the transaction, the director now owns 4,148 shares of the company’s stock, valued at $323,958.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Elizebeth R. Varet sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $77.00, for a total value of $231,000.00. Following the transaction, the director now directly owns 107,810 shares in the company, valued at approximately $8,301,370. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,925 shares of company stock worth $4,811,210. Corporate insiders own 2.00% of the company’s stock.

A number of analysts have weighed in on the company. BMO Capital Markets raised their price target on AMETEK from $92.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, August 1st. ValuEngine lowered AMETEK from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Oppenheimer raised their price objective on AMETEK from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, August 1st. Morgan Stanley raised their price objective on AMETEK from $79.00 to $84.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 1st. Finally, Robert W. Baird raised their price objective on AMETEK from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. AMETEK has a consensus rating of “Buy” and an average price target of $87.25.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. Its Electronic Instruments Group segment offers advanced instruments for the process, power and industrial, and aerospace markets; process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage markets; and instruments for the laboratory equipment, ultraprecision manufacturing, medical, and test and measurement markets.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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