BNP Paribas Arbitrage SNC Grows Stock Position in AMETEK, Inc. (NYSE:AME)

BNP Paribas Arbitrage SNC grew its position in AMETEK, Inc. (NYSE:AME) by 24.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 192,597 shares of the technology company’s stock after acquiring an additional 38,086 shares during the period. BNP Paribas Arbitrage SNC owned about 0.08% of AMETEK worth $31,178,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AME. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in AMETEK by 97,096.7% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 13,834,006 shares of the technology company’s stock valued at $2,239,449,000 after purchasing an additional 13,819,773 shares in the last quarter. Norges Bank purchased a new position in AMETEK during the fourth quarter valued at $509,944,000. Price T Rowe Associates Inc. MD grew its holdings in AMETEK by 643.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,953,131 shares of the technology company’s stock valued at $552,332,000 after buying an additional 3,421,558 shares in the last quarter. FMR LLC grew its holdings in AMETEK by 34.9% in the 1st quarter. FMR LLC now owns 10,042,152 shares of the technology company’s stock valued at $1,459,426,000 after buying an additional 2,597,135 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC grew its holdings in AMETEK by 39,681.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,827,569 shares of the technology company’s stock valued at $255,348,000 after buying an additional 1,822,975 shares in the last quarter. Institutional investors and hedge funds own 85.70% of the company’s stock.

AMETEK Stock Performance

Shares of AME opened at $153.10 on Thursday. The stock has a 50-day simple moving average of $148.28 and a 200-day simple moving average of $152.02. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.21 and a current ratio of 1.86. The stock has a market capitalization of $35.34 billion, a PE ratio of 27.74, a PEG ratio of 2.59 and a beta of 1.19. AMETEK, Inc. has a 1 year low of $131.52 and a 1 year high of $164.75.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Tuesday, October 31st. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.06. The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.66 billion. AMETEK had a return on equity of 18.19% and a net margin of 19.68%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 EPS. On average, analysts predict that AMETEK, Inc. will post 6.33 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.00 annualized dividend and a dividend yield of 0.65%. AMETEK’s dividend payout ratio is currently 18.12%.

Analyst Ratings Changes

Several equities research analysts have issued reports on AME shares. Seaport Res Ptn reissued a “buy” rating on shares of AMETEK in a research note on Monday, August 7th. KeyCorp raised their target price on AMETEK from $165.00 to $176.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 2nd. BNP Paribas started coverage on AMETEK in a research note on Thursday, October 5th. They set a “neutral” rating and a $159.00 target price for the company. Mizuho raised their target price on AMETEK from $161.00 to $166.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Finally, StockNews.com assumed coverage on AMETEK in a research note on Thursday, October 5th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $173.75.

Insider Transactions at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,645 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $152.74, for a total transaction of $251,257.30. Following the completion of the transaction, the director now directly owns 30,264 shares of the company’s stock, valued at approximately $4,622,523.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other AMETEK news, Director Steven W. Kohlhagen sold 1,645 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $152.74, for a total transaction of $251,257.30. Following the transaction, the director now owns 30,264 shares of the company’s stock, valued at $4,622,523.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven W. Kohlhagen sold 810 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $155.09, for a total value of $125,622.90. Following the transaction, the director now directly owns 29,454 shares in the company, valued at approximately $4,568,020.86. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,385 shares of company stock valued at $5,815,520. 0.72% of the stock is currently owned by corporate insiders.

About AMETEK

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. 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.Its EMG segment offers engineered electrical connectors and electronics packaging to protect sensitive devices and mission-critical electronics; precision motion control products for data storage, medical devices, business equipment, automation, and other applications; high-purity powdered metals, strips and foils, specialty clad metals, and metal matrix composites; motor-blower systems and heat exchangers for use in thermal management, military, commercial aircraft, and military ground vehicles; and motors for use in commercial appliances, fitness equipment, food and beverage machines, hydraulic pumps, and industrial blowers.