AMP Capital Investors Ltd increased its position in AMETEK, Inc. (NYSE:AME) by 22.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 188,094 shares of the technology company’s stock after purchasing an additional 34,110 shares during the period. AMP Capital Investors Ltd owned 0.08% of AMETEK worth $13,630,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Acropolis Investment Management LLC acquired a new position in AMETEK in the fourth quarter worth about $108,000. Zions Bancorporation acquired a new position in AMETEK in the third quarter worth about $150,000. BB&T Investment Services Inc. grew its stake in AMETEK by 42.6% in the third quarter. BB&T Investment Services Inc. now owns 2,633 shares of the technology company’s stock worth $179,000 after purchasing an additional 786 shares in the last quarter. 180 Wealth Advisors LLC acquired a new position in AMETEK in the fourth quarter worth about $200,000. Finally, Catawba Capital Management VA acquired a new position in AMETEK in the fourth quarter worth about $208,000. Institutional investors and hedge funds own 86.10% of the company’s stock.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded AMETEK from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research note on Monday, February 5th. BMO Capital Markets lifted their target price on AMETEK from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Stifel Nicolaus restated a “buy” rating and issued a $92.00 target price on shares of AMETEK in a research note on Thursday, February 1st. Morgan Stanley lifted their target price on AMETEK from $67.00 to $76.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Finally, ValuEngine upgraded AMETEK from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. AMETEK currently has a consensus rating of “Buy” and an average target price of $81.64.
AMETEK (NYSE:AME) last issued its earnings results on Thursday, February 1st. The technology company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.03. AMETEK had a return on equity of 16.39% and a net margin of 15.85%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm posted $0.58 earnings per share. AMETEK’s quarterly revenue was up 17.5% compared to the same quarter last year. equities research analysts predict that AMETEK, Inc. will post 3.04 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 16th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, March 15th. This is a boost from AMETEK’s previous quarterly dividend of $0.09. AMETEK’s payout ratio is 14.17%.
In other news, insider John Wesley Hardin sold 25,965 shares of AMETEK stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $78.50, for a total transaction of $2,038,252.50. Following the sale, the insider now owns 85,663 shares of the company’s stock, valued at $6,724,545.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP William D. Eginton sold 16,368 shares of AMETEK stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $77.00, for a total value of $1,260,336.00. Following the sale, the vice president now directly owns 59,054 shares in the company, valued at approximately $4,547,158. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,604 shares of company stock worth $5,742,548. Corporate insiders own 2.10% of the company’s stock.
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AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets.
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