DekaBank Deutsche Girozentrale Reduces Holdings in AMETEK, Inc. (NYSE:AME)

DekaBank Deutsche Girozentrale lowered its position in AMETEK, Inc. (NYSE:AME) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 852,057 shares of the technology company’s stock after selling 26,142 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.37% of AMETEK worth $145,791,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. lifted its stake in shares of AMETEK by 13.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 56,731 shares of the technology company’s stock worth $9,741,000 after acquiring an additional 6,882 shares during the last quarter. Forsta AP Fonden boosted its position in AMETEK by 10.6% in the 3rd quarter. Forsta AP Fonden now owns 47,800 shares of the technology company’s stock valued at $8,208,000 after buying an additional 4,600 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in AMETEK by 21.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,538 shares of the technology company’s stock worth $2,329,000 after acquiring an additional 2,435 shares in the last quarter. Outlook Wealth Advisors LLC increased its position in shares of AMETEK by 10.6% during the third quarter. Outlook Wealth Advisors LLC now owns 1,902 shares of the technology company’s stock worth $327,000 after acquiring an additional 183 shares during the period. Finally, Allworth Financial LP raised its stake in shares of AMETEK by 131.4% during the third quarter. Allworth Financial LP now owns 1,060 shares of the technology company’s stock valued at $182,000 after acquiring an additional 602 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AME shares. Royal Bank of Canada decreased their target price on AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Mizuho upped their price objective on shares of AMETEK from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. TD Cowen lowered shares of AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Finally, StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, AMETEK currently has an average rating of “Moderate Buy” and an average price target of $193.29.

Insider Buying and Selling

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total value of $250,521.40. Following the completion of the transaction, the director now directly owns 23,349 shares in the company, valued at $4,006,454.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.61% of the stock is currently owned by company insiders.

AMETEK Stock Performance

Shares of AME opened at $166.96 on Friday. 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 cap of $38.65 billion, a PE ratio of 29.34, a P/E/G ratio of 2.77 and a beta of 1.17. AMETEK, Inc. has a 12 month low of $136.89 and a 12 month high of $186.32. The stock has a fifty day moving average price of $168.41 and a 200-day moving average price of $169.15.

AMETEK (NYSE:AME) last released its earnings results on Thursday, August 1st. The technology company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the business earned $1.57 EPS. AMETEK’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts predict that AMETEK, Inc. will post 6.76 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Monday, September 16th. AMETEK’s payout ratio is 19.68%.

AMETEK Company 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.