Gulf International Bank UK Ltd Has $3.13 Million Stock Holdings in AMETEK, Inc. (NYSE:AME)

Gulf International Bank UK Ltd reduced its position in AMETEK, Inc. (NYSE:AME) by 4.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 18,214 shares of the technology company’s stock after selling 937 shares during the period. Gulf International Bank UK Ltd’s holdings in AMETEK were worth $3,127,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in shares of AMETEK by 48.4% during the 1st quarter. JPMorgan Chase & Co. now owns 7,075,565 shares of the technology company’s stock worth $1,294,121,000 after buying an additional 2,306,535 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in AMETEK by 0.7% during the first 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 acquiring an additional 44,899 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of AMETEK by 34.6% during the second quarter. Bank of New York Mellon Corp now owns 3,602,753 shares of the technology company’s stock worth $600,615,000 after acquiring an additional 926,657 shares during the period. Boston Partners lifted its holdings in AMETEK by 3.0% during the 1st 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 during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of AMETEK by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,882,166 shares of the technology company’s stock worth $313,777,000 after buying an additional 148,447 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.

AMETEK Stock Up 4.6 %

AME stock opened at $190.41 on Thursday. The stock has a market capitalization of $44.04 billion, a P/E ratio of 33.17, a price-to-earnings-growth ratio of 2.91 and a beta of 1.16. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $170.12 and a 200-day moving average price of $169.06. AMETEK, Inc. has a 12 month low of $141.65 and a 12 month high of $192.20.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the company earned $1.64 EPS. AMETEK’s revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts anticipate that AMETEK, Inc. will post 6.81 EPS for the current fiscal year.

Insider Transactions at AMETEK

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AME shares. Wolfe Research raised shares of AMETEK to a “hold” rating in a research report on Wednesday, September 18th. Royal Bank of Canada dropped their price target on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. StockNews.com upgraded AMETEK from a “hold” rating to a “buy” rating in a research note on Monday. Truist Financial raised their price objective on AMETEK from $219.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Robert W. Baird upped their target price on AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AMETEK has a consensus rating of “Moderate Buy” and an average price target of $197.86.

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.