AMETEK, Inc. (AME) Holdings Boosted by CapWealth Advisors LLC

CapWealth Advisors LLC boosted its stake in shares of AMETEK, Inc. (NYSE:AME) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,005 shares of the technology company’s stock after purchasing an additional 1,120 shares during the period. CapWealth Advisors LLC’s holdings in AMETEK were worth $3,007,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Piedmont Investment Advisors LLC bought a new position in shares of AMETEK during the 2nd quarter worth $195,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of AMETEK by 9.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 745,655 shares of the technology company’s stock worth $53,806,000 after acquiring an additional 62,548 shares during the period. Chevy Chase Trust Holdings Inc. grew its stake in shares of AMETEK by 3.1% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 203,148 shares of the technology company’s stock worth $14,659,000 after acquiring an additional 6,062 shares during the period. Kornitzer Capital Management Inc. KS grew its stake in shares of AMETEK by 3.0% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 52,471 shares of the technology company’s stock worth $3,786,000 after acquiring an additional 1,506 shares during the period. Finally, Alps Advisors Inc. bought a new position in shares of AMETEK during the 2nd quarter worth $214,000. 84.63% of the stock is currently owned by institutional investors.

In other AMETEK news, VP William Joseph Burke sold 15,600 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $80.00, for a total value of $1,248,000.00. Following the sale, the vice president now owns 68,289 shares of the company’s stock, valued at approximately $5,463,120. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Elizebeth R. Varet sold 1,500 shares of the firm’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $78.10, for a total value of $117,150.00. Following the completion of the sale, the director now directly owns 4,148 shares in the company, valued at approximately $323,958.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,925 shares of company stock worth $4,117,580. Insiders own 2.10% of the company’s stock.

Several research firms have recently weighed in on AME. Stephens began coverage on AMETEK in a research note on Monday, November 19th. They set an “overweight” rating and a $87.00 price target for the company. ValuEngine raised AMETEK from a “hold” rating to a “buy” rating in a report on Tuesday, November 6th. Cowen reissued a “buy” rating and set a $85.00 price objective on shares of AMETEK in a report on Sunday, August 12th. Morgan Stanley dropped their price objective on AMETEK from $84.00 to $81.00 and set an “equal weight” rating on the stock in a report on Monday, November 5th. Finally, Robert W. Baird increased their price objective on AMETEK from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, November 2nd. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. AMETEK has an average rating of “Buy” and a consensus target price of $87.00.

Shares of AME opened at $72.08 on Thursday. The stock has a market cap of $16.73 billion, a P/E ratio of 23.03, a P/E/G ratio of 1.97 and a beta of 1.32. 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, Inc. has a 52-week low of $64.91 and a 52-week high of $81.92.

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 analysts’ consensus estimates of $0.78 by $0.04. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. AMETEK had a return on equity of 17.08% and a net margin of 17.06%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 EPS. As a group, research analysts expect that AMETEK, Inc. will post 3.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.78%. AMETEK’s dividend payout ratio (DPR) is 21.46%.

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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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