James Hambro & Partners LLP Invests $60.19 Million in AMETEK, Inc. (NYSE:AME)

James Hambro & Partners LLP purchased a new stake in shares of AMETEK, Inc. (NYSE:AME) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 350,591 shares of the technology company’s stock, valued at approximately $60,188,000. AMETEK makes up 2.5% of James Hambro & Partners LLP’s investment portfolio, making the stock its 20th largest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in AME. Washington Trust Advisors Inc. bought a new stake in AMETEK during the 1st quarter valued at $37,000. Family Firm Inc. bought a new position in AMETEK in the second quarter worth about $39,000. Industrial Alliance Investment Management Inc. bought a new stake in shares of AMETEK in the 2nd quarter valued at about $42,000. Headlands Technologies LLC purchased a new position in shares of AMETEK in the 1st quarter worth approximately $43,000. Finally, Crewe Advisors LLC raised its stake in shares of AMETEK by 168.8% during the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock worth $49,000 after acquiring an additional 184 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.

AMETEK Stock Performance

Shares of AMETEK stock traded down $0.50 on Monday, reaching $168.90. 300,916 shares of the stock were exchanged, compared to its average volume of 1,136,952. The business has a 50 day moving average price of $167.84 and a two-hundred day moving average price of $169.53. The firm has a market capitalization of $39.10 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 2.77 and a beta of 1.17. AMETEK, Inc. has a twelve month low of $136.89 and a twelve month high of $186.32. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 0.20.

AMETEK (NYSE:AME) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.78 billion. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.57 earnings per share. Analysts anticipate that AMETEK, Inc. will post 6.76 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.28 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.66%. AMETEK’s payout ratio is 19.68%.

Insider Buying and Selling

In other AMETEK news, Director Steven W. Kohlhagen sold 1,460 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total value of $250,521.40. Following the sale, the director now owns 23,349 shares in the company, valued at approximately $4,006,454.91. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AME has been the topic of several analyst reports. Wolfe Research raised shares of AMETEK to a “hold” rating in a report on Wednesday, September 18th. Robert W. Baird reduced their target price on AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Royal Bank of Canada dropped their price target on AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, Mizuho increased their price objective on shares of AMETEK from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $193.29.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.