Caisse DE Depot ET Placement DU Quebec Has $14.97 Million Stock Holdings in AMETEK, Inc. (NYSE:AME)

Caisse DE Depot ET Placement DU Quebec raised its position in AMETEK, Inc. (NYSE:AME) by 416.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 87,178 shares of the technology company’s stock after purchasing an additional 70,297 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in AMETEK were worth $14,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AME. Bank of New York Mellon Corp grew its holdings in AMETEK by 34.6% in the 2nd 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 buying an additional 926,657 shares in the last quarter. Meridiem Investment Management Ltd. acquired a new position in AMETEK in the 3rd quarter valued at $130,579,000. Principal Financial Group Inc. grew its holdings in AMETEK by 72.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company’s stock valued at $288,526,000 after buying an additional 703,501 shares in the last quarter. D1 Capital Partners L.P. acquired a new position in AMETEK in the 3rd quarter valued at $79,782,000. Finally, James Hambro & Partners LLP acquired a new position in AMETEK in the 3rd quarter valued at $60,188,000. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Stock Performance

NYSE:AME opened at $194.38 on Monday. The stock’s 50-day simple moving average is $179.05 and its 200 day simple moving average is $171.63. The firm has a market capitalization of $44.96 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 3.17 and a beta of 1.16. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18. AMETEK, Inc. has a twelve month low of $149.03 and a twelve month high of $198.33.

AMETEK (NYSE:AME) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.04. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. AMETEK’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $1.64 earnings per share. On average, analysts anticipate that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, December 6th. AMETEK’s dividend payout ratio (DPR) is currently 19.51%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AME. Wolfe Research raised AMETEK to a “hold” rating in a report on Wednesday, September 18th. KeyCorp increased their target price on AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a report on Friday, November 15th. TD Cowen lowered AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Finally, Truist Financial increased their target price on AMETEK from $219.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One investment 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 company’s stock. According to data from MarketBeat.com, AMETEK presently has an average rating of “Moderate Buy” and a consensus price target of $199.29.

Insider Transactions at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the business’s stock in a transaction dated 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 directly owns 23,349 shares in the company, valued at approximately $4,006,454.91. The trade was a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Tony J. Ciampitti sold 16,210 shares of AMETEK stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total value of $3,193,532.10. Following the completion of the transaction, the insider now directly owns 49,490 shares in the company, valued at approximately $9,750,024.90. This represents a 24.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,660 shares of company stock worth $5,958,141. Insiders own 0.61% of the company’s stock.

AMETEK 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.