Nomura Holdings Inc. trimmed its position in shares of AMETEK, Inc. (NYSE:AME) by 36.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 141,200 shares of the technology company’s stock after selling 80,700 shares during the quarter. Nomura Holdings Inc. owned 0.06% of AMETEK worth $12,997,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. NumerixS Investment Technologies Inc purchased a new position in AMETEK during the second quarter worth approximately $27,000. Capital Bank & Trust Co purchased a new position in AMETEK during the second quarter worth approximately $29,000. Cornerstone Advisors Inc. raised its stake in AMETEK by 55.2% during the first quarter. Cornerstone Advisors Inc. now owns 388 shares of the technology company’s stock worth $32,000 after purchasing an additional 138 shares during the period. Berman Capital Advisors LLC raised its stake in AMETEK by 51.3% during the second quarter. Berman Capital Advisors LLC now owns 454 shares of the technology company’s stock worth $41,000 after purchasing an additional 154 shares during the period. Finally, Ibex Wealth Advisors purchased a new position in AMETEK during the second quarter worth approximately $52,000. Institutional investors and hedge funds own 86.05% of the company’s stock.
NYSE AME traded down $0.17 during trading hours on Friday, reaching $90.04. 1,161,919 shares of the company traded hands, compared to its average volume of 1,085,315. AMETEK, Inc. has a 12 month low of $63.14 and a 12 month high of $92.30. The company has a current ratio of 2.17, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $20.64 billion, a PE ratio of 27.37, a PEG ratio of 2.31 and a beta of 1.21. The company has a 50 day moving average of $86.67 and a two-hundred day moving average of $85.84.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.56 dividend on an annualized basis and a yield of 0.62%. AMETEK’s dividend payout ratio (DPR) is 17.02%.
In other news, Director Elizebeth R. Varet sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $85.69, for a total value of $342,760.00. Following the transaction, the director now directly owns 95,670 shares in the company, valued at approximately $8,197,962.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Thomas M. Montgomery sold 5,602 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $88.50, for a total transaction of $495,777.00. Following the completion of the transaction, the vice president now owns 26,419 shares in the company, valued at $2,338,081.50. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.
AME has been the subject of several recent research reports. ValuEngine lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Royal Bank of Canada set a $95.00 price objective on shares of AMETEK and gave the stock a “buy” rating in a research report on Wednesday, July 31st. KeyCorp increased their price objective on shares of AMETEK from $94.00 to $100.00 in a research report on Wednesday, July 31st. Oppenheimer increased their price objective on shares of AMETEK from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley increased their price objective on shares of AMETEK from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. AMETEK presently has an average rating of “Buy” and a consensus price target of $94.36.
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.
Further Reading: Outperform Rating
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