IFM Investors Pty Ltd Acquires 9,533 Shares of AMETEK, Inc. (NYSE:AME)

IFM Investors Pty Ltd increased its holdings in shares of AMETEK, Inc. (NYSE:AME) by 62.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,874 shares of the technology company’s stock after purchasing an additional 9,533 shares during the quarter. IFM Investors Pty Ltd’s holdings in AMETEK were worth $2,284,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NumerixS Investment Technologies Inc bought a new stake in AMETEK during the 2nd quarter worth approximately $27,000. Shine Investment Advisory Services Inc. increased its stake in AMETEK by 67.8% during the 3rd quarter. Shine Investment Advisory Services Inc. now owns 302 shares of the technology company’s stock worth $28,000 after purchasing an additional 122 shares in the last quarter. Capital Bank & Trust Co bought a new stake in AMETEK during the 2nd quarter worth approximately $29,000. Berman Capital Advisors LLC increased its stake in AMETEK by 51.3% during the 2nd quarter. Berman Capital Advisors LLC now owns 454 shares of the technology company’s stock worth $41,000 after purchasing an additional 154 shares in the last quarter. Finally, Ibex Wealth Advisors bought a new stake in AMETEK during the 2nd quarter worth approximately $52,000. 86.51% of the stock is owned by institutional investors and hedge funds.

In other AMETEK news, insider Tony J. Ciampitti sold 9,534 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $97.14, for a total transaction of $926,132.76. Following the completion of the sale, the insider now owns 42,979 shares of the company’s stock, valued at approximately $4,174,980.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Elizebeth R. Varet sold 3,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $96.20, for a total value of $288,600.00. Following the sale, the director now directly owns 90,670 shares of the company’s stock, valued at approximately $8,722,454. The disclosure for this sale can be found here. Insiders sold 37,560 shares of company stock valued at $3,562,982 over the last three months. 0.80% of the stock is owned by company insiders.

Several equities analysts have recently weighed in on the stock. KeyCorp raised their price target on shares of AMETEK from $94.00 to $100.00 in a research note on Wednesday, July 31st. Wolfe Research set a $100.00 price target on shares of AMETEK and gave the stock a “buy” rating in a research note on Friday, November 1st. Bank of America cut shares of AMETEK from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $105.00 to $95.00 in a research note on Friday, October 11th. Royal Bank of Canada set a $95.00 price target on shares of AMETEK and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Oppenheimer raised their price target on shares of AMETEK from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. AMETEK presently has a consensus rating of “Buy” and an average price target of $97.62.

Shares of NYSE:AME traded down $0.11 during midday trading on Friday, hitting $96.09. The stock had a trading volume of 51,851 shares, compared to its average volume of 1,163,213. AMETEK, Inc. has a 12 month low of $63.14 and a 12 month high of $97.30. The company has a quick ratio of 1.48, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. The business’s 50-day simple moving average is $90.10 and its 200-day simple moving average is $87.78. The company has a market cap of $22.00 billion, a P/E ratio of 29.21, a PEG ratio of 2.13 and a beta of 1.20.

AMETEK (NYSE:AME) last released its earnings results on Thursday, October 31st. The technology company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.05. AMETEK had a net margin of 16.63% and a return on equity of 20.04%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the business earned $0.91 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. As a group, equities analysts predict that AMETEK, Inc. will post 4.14 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.58%. AMETEK’s dividend payout ratio is presently 17.02%.

AMETEK Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. The company's Electronic Instruments segment offers advanced instruments for the process, aerospace, power, and industrial markets; process control instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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