Capital Investment Counsel Inc Has $412,000 Stock Position in AMETEK, Inc. (NYSE:AME)

Capital Investment Counsel Inc lessened its stake in shares of AMETEK, Inc. (NYSE:AME) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,400 shares of the technology company’s stock after selling 100 shares during the quarter. Capital Investment Counsel Inc’s holdings in AMETEK were worth $412,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Monte Financial Group LLC boosted its position in shares of AMETEK by 3.9% during the 3rd quarter. Monte Financial Group LLC now owns 7,081 shares of the technology company’s stock worth $1,216,000 after purchasing an additional 266 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in shares of AMETEK by 27.7% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 1,711 shares of the technology company’s stock worth $294,000 after purchasing an additional 371 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of AMETEK by 1.4% during the 3rd quarter. Bank Pictet & Cie Europe AG now owns 148,158 shares of the technology company’s stock worth $25,440,000 after purchasing an additional 2,001 shares in the last quarter. Lecap Asset Management Ltd. bought a new position in shares of AMETEK during the 3rd quarter worth about $4,180,000. Finally, Eastern Bank bought a new position in shares of AMETEK during the 3rd quarter worth about $101,000. Institutional investors own 87.43% of the company’s stock.

AMETEK Trading Down 1.0 %

NYSE:AME opened at $166.67 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.26. The firm has a market cap of $38.58 billion, a price-to-earnings ratio of 29.29, a price-to-earnings-growth ratio of 2.77 and a beta of 1.17. AMETEK, Inc. has a 52 week low of $136.89 and a 52 week high of $186.32. The firm has a 50-day moving average price of $168.26 and a two-hundred day moving average price of $169.35.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.64 by $0.02. The firm had revenue of $1.73 billion during 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 company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $1.57 EPS. On average, equities analysts expect that AMETEK, Inc. will post 6.76 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.28 per share. The ex-dividend date was Monday, September 16th. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. AMETEK’s payout ratio is currently 19.68%.

Insider Transactions at AMETEK

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on AME. TD Cowen cut shares of AMETEK from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Wolfe Research raised shares of AMETEK to a “hold” rating in a research report on Wednesday, September 18th. Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Mizuho raised their price target on shares of AMETEK from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $193.29.

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.