AMETEK, Inc. (NYSE:AME) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its position in AMETEK, Inc. (NYSE:AME) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,453 shares of the technology company’s stock after buying an additional 679 shares during the quarter. Nisa Investment Advisors LLC’s holdings in AMETEK were worth $14,502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its stake in shares of AMETEK by 4.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,450 shares of the technology company’s stock worth $261,000 after acquiring an additional 63 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC boosted its holdings in AMETEK by 3.8% in the third quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,764 shares of the technology company’s stock valued at $298,000 after purchasing an additional 65 shares during the period. Miracle Mile Advisors LLC grew its stake in AMETEK by 0.9% during the 3rd quarter. Miracle Mile Advisors LLC now owns 7,178 shares of the technology company’s stock worth $1,233,000 after purchasing an additional 66 shares in the last quarter. EP Wealth Advisors LLC increased its holdings in AMETEK by 1.1% during the 2nd quarter. EP Wealth Advisors LLC now owns 6,330 shares of the technology company’s stock worth $1,055,000 after purchasing an additional 71 shares during the period. Finally, Wallace Advisory Group LLC raised its position in AMETEK by 5.8% in the 4th quarter. Wallace Advisory Group LLC now owns 1,371 shares of the technology company’s stock valued at $235,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Insider Activity

In other AMETEK news, insider David F. Hermance sold 6,243 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the completion of the sale, the insider now directly owns 36,731 shares of the company’s stock, valued at $7,015,253.69. This represents a 14.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Emanuela Speranza sold 6,747 shares of AMETEK stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total value of $1,321,737.30. Following the completion of the transaction, the insider now owns 30,460 shares in the company, valued at $5,967,114. This trade represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,200 shares of company stock valued at $5,707,620. Insiders own 0.61% of the company’s stock.

AMETEK Stock Up 0.9 %

AME opened at $190.46 on Friday. AMETEK, Inc. has a one year low of $149.03 and a one year high of $198.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. The stock has a market capitalization of $44.06 billion, a P/E ratio of 33.18, a price-to-earnings-growth ratio of 2.67 and a beta of 1.16. The business’s 50-day simple moving average is $186.64 and its 200-day simple moving average is $175.58.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.64 earnings per share. Analysts anticipate that AMETEK, Inc. will post 6.8 EPS for the current year.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a yield of 0.59%. AMETEK’s dividend payout ratio is presently 19.51%.

Analyst Upgrades and Downgrades

AME has been the subject of a number of analyst reports. Robert W. Baird boosted their price objective on AMETEK from $166.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. KeyCorp lifted their price objective on shares of AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. BNP Paribas raised AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 target price on the stock in a report on Thursday, January 16th. Finally, Bank of America raised AMETEK from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $195.00 to $225.00 in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.44.

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.