AMETEK, Inc. (NYSE:AME) Stock Position Lowered by Wedmont Private Capital

Wedmont Private Capital lessened its position in AMETEK, Inc. (NYSE:AME) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,748 shares of the technology company’s stock after selling 83 shares during the quarter. Wedmont Private Capital’s holdings in AMETEK were worth $624,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AME. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of AMETEK by 11.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,669,394 shares of the technology company’s stock valued at $275,266,000 after acquiring an additional 167,602 shares in the last quarter. Cim LLC purchased a new stake in AMETEK in the 4th quarter worth approximately $1,254,000. Teachers Retirement System of The State of Kentucky lifted its position in AMETEK by 9.0% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 187,284 shares of the technology company’s stock worth $30,881,000 after buying an additional 15,518 shares in the last quarter. Syon Capital LLC lifted its position in AMETEK by 26.5% in the 4th quarter. Syon Capital LLC now owns 2,452 shares of the technology company’s stock worth $404,000 after buying an additional 513 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its position in AMETEK by 91.6% in the 4th quarter. EP Wealth Advisors LLC now owns 6,978 shares of the technology company’s stock worth $1,151,000 after buying an additional 3,336 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AME. Robert W. Baird cut their target price on shares of AMETEK from $171.00 to $166.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada cut their target price on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Wolfe Research upgraded shares of AMETEK to a “hold” rating in a research note on Wednesday, September 18th. Redburn Atlantic upgraded shares of AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd. Finally, StockNews.com lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $193.83.

Insider Transactions at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 23,349 shares of the company’s stock, valued at approximately $4,006,454.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by insiders.

AMETEK Stock Performance

NYSE:AME opened at $170.38 on Friday. AMETEK, Inc. has a 1 year low of $136.89 and a 1 year high of $186.32. The firm’s fifty day simple moving average is $166.23 and its 200 day simple moving average is $170.21. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $39.45 billion, a PE ratio of 29.68, a PEG ratio of 2.77 and a beta of 1.17.

AMETEK (NYSE:AME) last posted its earnings results on Thursday, August 1st. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. The business had revenue of $1.73 billion for 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%. AMETEK’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $1.57 EPS. On average, sell-side analysts anticipate that AMETEK, Inc. will post 6.76 EPS for the current year.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.28 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.12 annualized dividend and a yield of 0.66%. AMETEK’s dividend payout ratio is 19.51%.

AMETEK Profile

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.