AMETEK, Inc. (NYSE:AME) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its stake in shares of AMETEK, Inc. (NYSE:AME) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,602 shares of the technology company’s stock after selling 2,918 shares during the period. Janney Montgomery Scott LLC’s holdings in AMETEK were worth $22,426,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Norden Group LLC acquired a new position in shares of AMETEK in the 1st quarter valued at about $251,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of AMETEK by 6.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,926 shares of the technology company’s stock valued at $6,571,000 after buying an additional 2,105 shares during the period. Nordea Investment Management AB boosted its holdings in shares of AMETEK by 4.0% in the 1st quarter. Nordea Investment Management AB now owns 24,756 shares of the technology company’s stock valued at $4,539,000 after buying an additional 961 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of AMETEK by 1.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,477 shares of the technology company’s stock valued at $636,000 after buying an additional 64 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new position in shares of AMETEK in the 1st quarter valued at about $637,000. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Stock Up 0.8 %

AME stock opened at $179.92 on Tuesday. AMETEK, Inc. has a 52 week low of $141.65 and a 52 week high of $186.32. The company has a market capitalization of $41.66 billion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 3.01 and a beta of 1.16. The firm’s 50-day moving average is $169.41 and its two-hundred day moving average is $168.88. The company has a current ratio of 1.39, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18.

AMETEK (NYSE:AME) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the firm earned $1.64 EPS. AMETEK’s revenue was up 5.3% on a year-over-year basis. On average, analysts forecast that AMETEK, Inc. will post 6.76 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.28 per share. The ex-dividend date was Monday, September 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. AMETEK’s dividend payout ratio (DPR) is 19.51%.

Insider Buying and Selling

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the sale, the director now directly owns 23,349 shares in the company, valued at $4,006,454.91. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AME. Royal Bank of Canada decreased their price target on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a report on Friday, August 2nd. TD Cowen downgraded shares of AMETEK from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Wolfe Research upgraded shares of AMETEK to a “hold” rating in a research report on Wednesday, September 18th. Finally, StockNews.com upgraded shares of AMETEK from a “hold” rating to a “buy” 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 assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently 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.