Moody National Bank Trust Division Takes Position in AMETEK, Inc. (NYSE:AME)

Moody National Bank Trust Division bought a new stake in shares of AMETEK, Inc. (NYSE:AMEGet Rating) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,988 shares of the technology company’s stock, valued at approximately $328,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of AMETEK by 1.9% in the first quarter. Vanguard Group Inc. now owns 24,608,566 shares of the technology company’s stock worth $3,277,369,000 after buying an additional 463,926 shares during the period. BlackRock Inc. increased its position in shares of AMETEK by 2.7% in the first quarter. BlackRock Inc. now owns 15,699,216 shares of the technology company’s stock worth $2,090,820,000 after acquiring an additional 419,800 shares in the last quarter. State Street Corp increased its position in shares of AMETEK by 0.7% in the fourth quarter. State Street Corp now owns 9,295,593 shares of the technology company’s stock worth $1,366,824,000 after acquiring an additional 60,786 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of AMETEK by 8.5% in the first quarter. JPMorgan Chase & Co. now owns 5,595,759 shares of the technology company’s stock worth $745,243,000 after acquiring an additional 437,235 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of AMETEK by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 4,379,126 shares of the technology company’s stock worth $642,259,000 after acquiring an additional 197,644 shares in the last quarter. Institutional investors and hedge funds own 85.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on AME. DA Davidson boosted their price objective on shares of AMETEK to $160.00 in a research report on Tuesday, August 9th. Mizuho boosted their price objective on shares of AMETEK from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Bank of America downgraded shares of AMETEK from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $170.00 to $122.00 in a research report on Monday, July 11th. StockNews.com raised shares of AMETEK from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Loop Capital lowered their price objective on shares of AMETEK from $170.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $148.56.

AMETEK Price Performance

Shares of AMETEK stock opened at $120.53 on Tuesday. The firm has a fifty day simple moving average of $121.50 and a 200-day simple moving average of $122.61. The company has a current ratio of 1.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.31. AMETEK, Inc. has a 1-year low of $106.17 and a 1-year high of $148.07. The stock has a market capitalization of $27.67 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 2.31 and a beta of 1.26.

AMETEK (NYSE:AMEGet Rating) last released its earnings results on Tuesday, August 2nd. The technology company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.29 by $0.09. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.46 billion. AMETEK had a net margin of 18.49% and a return on equity of 18.20%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.15 EPS. On average, sell-side analysts expect that AMETEK, Inc. will post 5.52 earnings per share for the current year.

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, September 14th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, September 13th. AMETEK’s payout ratio is currently 18.72%.

Insider Activity at AMETEK

In related news, Director Steven W. Kohlhagen sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $126.81, for a total transaction of $380,430.00. Following the completion of the transaction, the director now directly owns 45,964 shares in the company, valued at approximately $5,828,694.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other AMETEK news, Director Steven W. Kohlhagen sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $126.81, for a total value of $380,430.00. Following the sale, the director now owns 45,964 shares of the company’s stock, valued at approximately $5,828,694.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven W. Kohlhagen sold 3,100 shares of the business’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $123.75, for a total transaction of $383,625.00. Following the completion of the sale, the director now directly owns 42,864 shares in the company, valued at approximately $5,304,420. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

AMETEK Profile

(Get Rating)

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. It operates in two segments, Electronic Instruments (EIG) and Electromechanical (EMG). 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; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets.

Featured Articles

Want to see what other hedge funds are holding AME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMETEK, Inc. (NYSE:AMEGet Rating).

Institutional Ownership by Quarter for AMETEK (NYSE:AME)

Receive News & Ratings for AMETEK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMETEK and related companies with MarketBeat.com's FREE daily email newsletter.