Janus Henderson Group PLC Reduces Stake in AMETEK, Inc. (NYSE:AME)

Janus Henderson Group PLC lowered its position in AMETEK, Inc. (NYSE:AME) by 7.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 283,048 shares of the technology company’s stock after selling 22,077 shares during the period. Janus Henderson Group PLC owned about 0.12% of AMETEK worth $51,766,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in AMETEK by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 25,578,270 shares of the technology company’s stock valued at $4,217,601,000 after purchasing an additional 84,832 shares during the period. JPMorgan Chase & Co. lifted its position in shares of AMETEK by 48.4% in the first quarter. JPMorgan Chase & Co. now owns 7,075,565 shares of the technology company’s stock valued at $1,294,121,000 after acquiring an additional 2,306,535 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of AMETEK by 0.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,536,231 shares of the technology company’s stock valued at $1,195,478,000 after acquiring an additional 44,899 shares in the last quarter. Capital International Investors lifted its position in shares of AMETEK by 5.0% in the fourth quarter. Capital International Investors now owns 4,196,755 shares of the technology company’s stock valued at $692,051,000 after acquiring an additional 198,777 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of AMETEK in the fourth quarter valued at about $589,098,000. Institutional investors own 87.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AME shares. StockNews.com upgraded AMETEK from a “hold” rating to a “buy” rating in a research report on Monday. Oppenheimer upgraded AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 target price on the stock in a research report on Wednesday, May 22nd. Robert W. Baird decreased their target price on AMETEK from $173.00 to $171.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. Finally, Truist Financial decreased their target price on AMETEK from $210.00 to $204.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, AMETEK currently has an average rating of “Moderate Buy” and an average price target of $181.20.

AMETEK Trading Up 0.3 %

Shares of AME traded up $0.45 during mid-day trading on Tuesday, reaching $172.35. 878,335 shares of the company’s stock traded hands, compared to its average volume of 1,049,737. The stock has a market cap of $39.89 billion, a P/E ratio of 30.51, a P/E/G ratio of 2.77 and a beta of 1.18. The stock’s 50-day moving average is $169.52 and its two-hundred day moving average is $172.60. AMETEK, Inc. has a 12 month low of $136.89 and a 12 month high of $186.32. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 0.66.

AMETEK (NYSE:AME) last released its earnings results on Thursday, May 2nd. The technology company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.78 billion. AMETEK had a return on equity of 17.74% and a net margin of 19.57%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.49 earnings per share. Research analysts forecast that AMETEK, Inc. will post 6.81 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.12 annualized dividend and a yield of 0.65%. AMETEK’s dividend payout ratio (DPR) is currently 19.68%.

Insider Buying and Selling

In other AMETEK news, Director Steven W. Kohlhagen sold 1,440 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $173.93, for a total transaction of $250,459.20. Following the completion of the sale, the director now owns 24,809 shares in the company, valued at $4,315,029.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Steven W. Kohlhagen sold 1,470 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $170.20, for a total transaction of $250,194.00. Following the completion of the sale, the director now owns 26,249 shares in the company, valued at approximately $4,467,579.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven W. Kohlhagen sold 1,440 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $173.93, for a total value of $250,459.20. Following the sale, the director now owns 24,809 shares of the company’s stock, valued at approximately $4,315,029.37. The disclosure for this sale can be found here. 0.61% of the stock is owned by 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.