AMETEK, Inc. (NYSE:AME) Shares Sold by Nomura Holdings Inc.

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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.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Tuesday, July 30th. The technology company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.02. AMETEK had a net margin of 16.32% and a return on equity of 19.27%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the firm posted $0.83 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. On average, equities research analysts anticipate that AMETEK, Inc. will post 4.1 earnings per share for the current year.

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 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.

Further Reading: Outperform Rating

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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