Net Worth Advisory Group Takes $815,000 Position in AMETEK, Inc. (NYSE:AME)

Net Worth Advisory Group purchased a new stake in shares of AMETEK, Inc. (NYSE:AME) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,747 shares of the technology company’s stock, valued at approximately $815,000.

A number of other institutional investors have also recently added to or reduced their stakes in AME. JPMorgan Chase & Co. lifted its position in AMETEK by 48.4% during the first quarter. JPMorgan Chase & Co. now owns 7,075,565 shares of the technology company’s stock valued at $1,294,121,000 after buying an additional 2,306,535 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in AMETEK by 0.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,536,231 shares of the technology company’s stock worth $1,195,478,000 after purchasing an additional 44,899 shares during the period. Bank of New York Mellon Corp raised its position in AMETEK by 34.6% in the second quarter. Bank of New York Mellon Corp now owns 3,602,753 shares of the technology company’s stock valued at $600,615,000 after purchasing an additional 926,657 shares during the period. Boston Partners lifted its stake in shares of AMETEK by 3.0% during the first quarter. Boston Partners now owns 3,063,588 shares of the technology company’s stock worth $560,278,000 after purchasing an additional 90,271 shares in the last quarter. Finally, Flossbach Von Storch AG boosted its position in shares of AMETEK by 3.4% in the first quarter. Flossbach Von Storch AG now owns 2,673,507 shares of the technology company’s stock worth $488,984,000 after buying an additional 87,477 shares during the period. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Insiders Place Their Bets

In other news, Director Steven W. Kohlhagen sold 1,460 shares of AMETEK stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the sale, the director now owns 23,349 shares of the company’s stock, valued at approximately $4,006,454.91. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AME has been the subject of a number of analyst reports. Robert W. Baird decreased their price target on AMETEK from $171.00 to $166.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. TD Cowen downgraded shares of AMETEK from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. Royal Bank of Canada cut their price target on AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, Mizuho raised their price objective on AMETEK from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.29.

AMETEK Trading Down 0.2 %

NYSE AME opened at $169.40 on Friday. The firm has a market capitalization of $39.21 billion, a PE ratio of 29.77, a price-to-earnings-growth ratio of 2.77 and a beta of 1.17. AMETEK, Inc. has a one year low of $136.89 and a one year high of $186.32. The company has a 50-day simple moving average of $167.84 and a 200-day simple moving average of $169.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.26.

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

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.66%. 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.