Cramer Rosenthal Mcglynn LLC cut its holdings in AMETEK, Inc. (NYSE:AME) by 4.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 285,775 shares of the technology company’s stock after selling 13,470 shares during the period. Cramer Rosenthal Mcglynn LLC owned 0.12% of AMETEK worth $20,710,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Acropolis Investment Management LLC purchased a new stake in shares of AMETEK during the 4th quarter valued at $108,000. Zions Bancorporation purchased a new stake in shares of AMETEK during the 3rd quarter valued at $150,000. BB&T Investment Services Inc. grew its stake in shares of AMETEK by 42.6% during the 3rd quarter. BB&T Investment Services Inc. now owns 2,633 shares of the technology company’s stock valued at $179,000 after buying an additional 786 shares during the period. 180 Wealth Advisors LLC purchased a new stake in shares of AMETEK during the 4th quarter valued at $200,000. Finally, First Allied Advisory Services Inc. purchased a new stake in shares of AMETEK during the 4th quarter valued at $207,000. Institutional investors own 86.10% of the company’s stock.
Shares of AMETEK, Inc. (NYSE:AME) opened at $78.38 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.22 and a debt-to-equity ratio of 0.46. AMETEK, Inc. has a 12-month low of $52.42 and a 12-month high of $79.32. The firm has a market cap of $18,125.06, a price-to-earnings ratio of 30.02, a P/E/G ratio of 2.24 and a beta of 1.27.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 16th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.71%. This is a boost from AMETEK’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, March 15th. AMETEK’s dividend payout ratio is 12.24%.
In related news, VP William D. Eginton sold 16,368 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $77.00, for a total transaction of $1,260,336.00. Following the completion of the sale, the vice president now directly owns 59,054 shares of the company’s stock, valued at approximately $4,547,158. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Elizebeth R. Varet sold 6,295 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $74.72, for a total transaction of $470,362.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,604 shares of company stock valued at $5,742,548. 2.10% of the stock is owned by corporate insiders.
Several analysts have recently issued reports on the stock. ValuEngine raised shares of AMETEK from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. BMO Capital Markets reissued a “buy” rating and set a $88.00 price objective on shares of AMETEK in a research note on Friday, January 26th. Zacks Investment Research cut shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Wells Fargo & Co set a $88.00 price objective on shares of AMETEK and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, KeyCorp boosted their price objective on shares of AMETEK from $82.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $81.64.
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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