Mawer Investment Management Ltd. increased its holdings in shares of AMETEK, Inc. (NYSE:AME) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,689,674 shares of the technology company’s stock after purchasing an additional 53,624 shares during the period. AMETEK accounts for 1.6% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 24th largest holding. Mawer Investment Management Ltd.’s holdings in AMETEK were worth $195,016,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. American Century Companies Inc. raised its position in AMETEK by 42.5% during the 4th quarter. American Century Companies Inc. now owns 4,067,798 shares of the technology company’s stock worth $294,793,000 after buying an additional 1,214,153 shares during the last quarter. Boston Partners raised its position in AMETEK by 21.7% during the 3rd quarter. Boston Partners now owns 5,233,468 shares of the technology company’s stock worth $345,618,000 after buying an additional 932,008 shares during the last quarter. BlackRock Inc. raised its position in AMETEK by 6.2% during the 4th 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. Strs Ohio raised its position in AMETEK by 447.0% during the 4th quarter. Strs Ohio now owns 392,395 shares of the technology company’s stock worth $28,436,000 after buying an additional 320,660 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its position in AMETEK by 9.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,843,212 shares of the technology company’s stock worth $187,766,000 after buying an additional 244,892 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.
AMETEK, Inc. (NYSE AME) opened at $76.55 on Tuesday. 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 twelve month low of $52.42 and a twelve month high of $78.51. The firm has a market cap of $17,690.00, a PE ratio of 26.04, a price-to-earnings-growth ratio of 2.19 and a beta of 1.31.
AMETEK (NYSE:AME) last posted 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. AMETEK had a net margin of 15.85% and a return on equity of 16.39%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm posted $0.58 EPS. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. equities research analysts anticipate that AMETEK, Inc. will post 3.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 16th will be paid a dividend of $0.14 per share. This is a boost from AMETEK’s previous quarterly dividend of $0.09. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, March 15th. AMETEK’s dividend payout ratio (DPR) is currently 12.24%.
In other AMETEK news, VP William D. Eginton sold 16,368 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $77.00, for a total transaction of $1,260,336.00. Following the sale, the vice president now directly owns 59,054 shares of the company’s stock, valued at approximately $4,547,158. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Zapico sold 25,965 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $71.77, for a total transaction of $1,863,508.05. Following the sale, the insider now directly owns 200,548 shares in the company, valued at $14,393,329.96. The disclosure for this sale can be found here. Insiders have sold a total of 69,654 shares of company stock worth $5,165,985 over the last ninety days. 2.10% of the stock is owned by corporate insiders.
AME has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on shares of AMETEK from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Oppenheimer reiterated a “buy” rating and issued a $75.00 price target on shares of AMETEK in a report on Thursday, December 21st. KeyCorp reiterated a “buy” rating and issued a $82.00 price target on shares of AMETEK in a report on Friday, January 19th. Cowen reiterated a “buy” rating and issued a $80.00 price target on shares of AMETEK in a report on Friday, December 22nd. Finally, Zacks Investment Research downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. AMETEK presently has a consensus rating of “Buy” and a consensus price target of $81.64.
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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