AMETEK, Inc. (NYSE:AME) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP lifted its position in shares of AMETEK, Inc. (NYSE:AME) by 83.5% in the 3rd quarter, Holdings Channel reports. The fund owned 31,252 shares of the technology company’s stock after buying an additional 14,219 shares during the period. Quantbot Technologies LP’s holdings in AMETEK were worth $5,366,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in AME. Bank of New York Mellon Corp boosted its position in AMETEK by 34.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,602,753 shares of the technology company’s stock worth $600,615,000 after acquiring an additional 926,657 shares during the period. Boston Partners raised its stake in shares of AMETEK by 3.0% during the first quarter. Boston Partners now owns 3,063,588 shares of the technology company’s stock valued at $560,278,000 after purchasing an additional 90,271 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in AMETEK by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,882,166 shares of the technology company’s stock worth $313,777,000 after purchasing an additional 148,447 shares during the period. Principal Financial Group Inc. grew its position in AMETEK by 72.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company’s stock valued at $288,526,000 after buying an additional 703,501 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in AMETEK by 12.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,660,133 shares of the technology company’s stock valued at $276,761,000 after buying an additional 186,263 shares during the period. Institutional investors own 87.43% of the company’s stock.

Insider Transactions at AMETEK

In other news, insider David F. Hermance sold 6,243 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the transaction, the insider now owns 36,731 shares in the company, valued at $7,015,253.69. This represents a 14.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tony J. Ciampitti sold 16,210 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the transaction, the insider now owns 49,490 shares in the company, valued at $9,750,024.90. This represents a 24.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,913 shares of company stock valued at $4,636,404. 0.61% of the stock is owned by insiders.

AMETEK Stock Performance

Shares of AMETEK stock opened at $197.13 on Wednesday. AMETEK, Inc. has a 12 month low of $149.03 and a 12 month high of $198.33. 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 has a market cap of $45.60 billion, a PE ratio of 34.34, a price-to-earnings-growth ratio of 3.22 and a beta of 1.16. The business has a fifty day simple moving average of $177.61 and a 200-day simple moving average of $171.09.

AMETEK (NYSE:AME) last released its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.04. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.64 EPS. On average, sell-side analysts anticipate that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.

AMETEK Announces Dividend

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. This represents a $1.12 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Friday, December 6th. AMETEK’s dividend payout ratio is currently 19.51%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AME. Wolfe Research raised shares of AMETEK to a “hold” rating in a research note on Wednesday, September 18th. KeyCorp upped their target price on AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Redburn Atlantic raised AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd. Finally, Mizuho raised their target price on AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $199.29.

AMETEK 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.