Howland Capital Management LLC lifted its stake in shares of AMETEK, Inc. (NYSE:AME – Free Report) by 28.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,322 shares of the technology company’s stock after acquiring an additional 13,350 shares during the quarter. Howland Capital Management LLC’s holdings in AMETEK were worth $14,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new stake in AMETEK during the 2nd quarter valued at approximately $25,000. Fiduciary Financial Advisors acquired a new position in shares of AMETEK in the 2nd quarter worth approximately $27,000. Elevation Wealth Partners LLC lifted its position in shares of AMETEK by 239.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 129 shares of the technology company’s stock worth $31,000 after purchasing an additional 91 shares during the period. Brown Lisle Cummings Inc. lifted its position in shares of AMETEK by 878.6% in the 1st quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock worth $29,000 after purchasing an additional 123 shares during the period. Finally, GK Wealth Management LLC bought a new stake in shares of AMETEK in the 3rd quarter valued at $36,000. 87.43% of the stock is owned by institutional investors and hedge funds.
AMETEK Stock Performance
NYSE:AME opened at $238.58 on Friday. The company has a fifty day moving average of $243.76 and a 200-day moving average of $237.75. The firm has a market capitalization of $54.68 billion, a P/E ratio of 34.88, a P/E/G ratio of 2.37 and a beta of 0.96. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 0.09. AMETEK, Inc. has a twelve month low of $182.87 and a twelve month high of $261.16.
AMETEK Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, September 15th. AMETEK’s dividend payout ratio is 19.88%.
Insider Activity
In other news, insider David Hermance sold 6,608 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,678,432.00. Following the completion of the sale, the insider directly owned 42,509 shares in the company, valued at $10,797,286. This trade represents a 13.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.54% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Zacks Research upgraded shares of AMETEK from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. TD Cowen restated a “buy” rating on shares of AMETEK in a report on Thursday, August 6th. DA Davidson set a $285.00 price target on shares of AMETEK in a research report on Wednesday, October 7th. Seaport Research Partners increased their price target on AMETEK from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Finally, Citigroup lifted their price objective on AMETEK from $261.00 to $263.00 and gave the stock a “neutral” rating in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $274.41.
Read Our Latest Stock Analysis on AME
AMETEK Profile
AMETEK, Inc is a global manufacturer of industrial technology solutions. The company develops and produces advanced analytical, monitoring, testing, and measurement instruments, as well as engineered electromechanical products used in industrial, aerospace, defense, energy, medical, and other specialized markets.
AMETEK operates through two primary business groups: Electronic Instruments and Electromechanical. Its products include process and power monitoring systems, analytical instruments, automation and control technologies, aerospace and defense equipment, precision motion-control systems, motors, thermal-management solutions, engineered materials, and specialty metal products.
The company traces its roots to 1930 and has expanded through the development and acquisition of specialized technology businesses.
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