Assetmark Inc. Has $11.71 Million Holdings in AMETEK, Inc. (NYSE:AME)

Assetmark Inc. grew its position in AMETEK, Inc. (NYSE:AME) by 9.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 68,204 shares of the technology company’s stock after purchasing an additional 5,873 shares during the period. Assetmark Inc.’s holdings in AMETEK were worth $11,711,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Washington Trust Advisors Inc. acquired a new position in AMETEK in the 1st quarter valued at $37,000. Family Firm Inc. acquired a new position in shares of AMETEK in the second quarter valued at about $39,000. Industrial Alliance Investment Management Inc. bought a new position in AMETEK during the second quarter worth about $42,000. Headlands Technologies LLC acquired a new stake in AMETEK in the 1st quarter worth about $43,000. Finally, Princeton Global Asset Management LLC bought a new stake in AMETEK in the 3rd quarter valued at about $44,000. Institutional investors own 87.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AME shares. Mizuho lifted their price target on shares of AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Robert W. Baird lifted their price objective on AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Wolfe Research upgraded AMETEK to a “hold” rating in a research report on Wednesday, September 18th. Royal Bank of Canada decreased their price target on AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, AMETEK presently has an average rating of “Moderate Buy” and an average price target of $197.86.

AMETEK Stock Performance

NYSE:AME opened at $190.92 on Monday. AMETEK, Inc. has a twelve month low of $147.12 and a twelve month high of $192.20. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18. The stock’s 50-day simple moving average is $170.91 and its 200 day simple moving average is $169.21. The firm has a market capitalization of $44.16 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 3.10 and a beta of 1.16.

AMETEK (NYSE:AME) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $1.64 EPS. On average, analysts anticipate that AMETEK, Inc. will post 6.81 EPS for the current fiscal year.

AMETEK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 annualized dividend and a dividend yield of 0.59%. AMETEK’s dividend payout ratio (DPR) is presently 19.51%.

Insider Activity

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the sale, the director now owns 23,349 shares in the company, valued at $4,006,454.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by corporate insiders.

About AMETEK

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.