Teachers Advisors LLC boosted its holdings in AMETEK, Inc. (NYSE:AME) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 496,251 shares of the technology company’s stock after purchasing an additional 2,120 shares during the quarter. Teachers Advisors LLC owned about 0.21% of AMETEK worth $35,963,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. grew its position in AMETEK by 6.2% in the 4th quarter. BlackRock Inc. now owns 15,074,188 shares of the technology company’s stock valued at $1,092,426,000 after purchasing an additional 886,625 shares during the period. American Century Companies Inc. grew its position in AMETEK by 42.5% in the 4th quarter. American Century Companies Inc. now owns 4,067,798 shares of the technology company’s stock valued at $294,793,000 after purchasing an additional 1,214,153 shares during the period. Allianz Asset Management GmbH grew its position in AMETEK by 28.2% in the 4th quarter. Allianz Asset Management GmbH now owns 3,095,683 shares of the technology company’s stock valued at $224,343,000 after purchasing an additional 681,646 shares during the period. Westfield Capital Management Co. LP grew its position in AMETEK by 9.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 2,843,212 shares of the technology company’s stock valued at $187,766,000 after purchasing an additional 244,892 shares during the period. Finally, Mawer Investment Management Ltd. grew its position in AMETEK by 2.0% in the 4th quarter. Mawer Investment Management Ltd. now owns 2,689,674 shares of the technology company’s stock valued at $195,016,000 after purchasing an additional 53,624 shares during the period. 85.80% of the stock is owned by institutional investors and hedge funds.
AME stock opened at $78.43 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.22 and a current ratio of 1.70. The stock has a market cap of $18,014.03, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.27. AMETEK, Inc. has a fifty-two week low of $52.42 and a fifty-two week high of $79.32.
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, topping the Zacks’ consensus estimate of $0.67 by $0.03. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.09 billion. AMETEK had a net margin of 15.85% and a return on equity of 16.39%. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 EPS. sell-side analysts anticipate that AMETEK, Inc. will post 3.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 16th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.71%. This is an increase from AMETEK’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, March 15th. AMETEK’s payout ratio is currently 19.05%.
Several research firms recently issued reports on AME. BMO Capital Markets reissued a “buy” rating and issued a $88.00 price target on shares of AMETEK in a research report on Friday, January 26th. ValuEngine raised shares of AMETEK from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Wells Fargo set a $88.00 price target on shares of AMETEK and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, KeyCorp lifted their price objective on shares of AMETEK from $82.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $81.64.
In related news, VP William D. Eginton sold 16,368 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $77.00, for a total value of $1,260,336.00. Following the transaction, the vice president now directly owns 59,054 shares of the company’s stock, valued at approximately $4,547,158. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Wesley Hardin sold 25,965 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $78.50, for a total transaction of $2,038,252.50. Following the completion of the transaction, the insider now directly owns 85,663 shares in the company, valued at $6,724,545.50. The disclosure for this sale can be found here. Insiders sold a total of 77,604 shares of company stock worth $5,976,638 over the last three months. 2.10% of the stock is owned by insiders.
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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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