Mitsubishi UFJ Trust & Banking Corp Acquires 1,011 Shares of AMETEK, Inc. (NYSE:AME)

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of AMETEK, Inc. (NYSE:AMEFree Report) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151,367 shares of the technology company’s stock after acquiring an additional 1,011 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in AMETEK were worth $22,366,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AME. Cambridge Investment Research Advisors Inc. raised its position in AMETEK by 9.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,306 shares of the technology company’s stock valued at $573,000 after purchasing an additional 376 shares in the last quarter. Lord Abbett & CO. LLC raised its position in AMETEK by 12.7% during the 1st quarter. Lord Abbett & CO. LLC now owns 84,481 shares of the technology company’s stock valued at $11,251,000 after purchasing an additional 9,510 shares in the last quarter. Prudential PLC bought a new stake in AMETEK during the 1st quarter valued at $591,000. Cetera Investment Advisers raised its position in AMETEK by 45.1% during the 1st quarter. Cetera Investment Advisers now owns 2,974 shares of the technology company’s stock valued at $396,000 after purchasing an additional 924 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in AMETEK by 41.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,379 shares of the technology company’s stock valued at $316,000 after purchasing an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 85.70% of the company’s stock.

AMETEK Trading Up 1.3 %

AMETEK stock opened at $168.50 on Monday. The stock has a 50-day moving average of $162.94 and a two-hundred day moving average of $156.02. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.21 and a current ratio of 0.98. AMETEK, Inc. has a one year low of $131.52 and a one year high of $168.63. The stock has a market cap of $38.89 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 2.68 and a beta of 1.21.

AMETEK (NYSE:AMEGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.06. AMETEK had a return on equity of 17.96% and a net margin of 19.91%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the business posted $1.52 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year. On average, research analysts anticipate that AMETEK, Inc. will post 6.84 EPS for the current fiscal year.

AMETEK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 8th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This is a positive change from AMETEK’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.66%. AMETEK’s dividend payout ratio is currently 19.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AME shares. KeyCorp lifted their target price on AMETEK from $176.00 to $182.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. TD Cowen lowered AMETEK from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $165.00 to $160.00 in a research report on Monday, November 27th. StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Royal Bank of Canada reduced their price target on AMETEK from $192.00 to $188.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, AMETEK presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.25.

View Our Latest Research Report on AMETEK

Insider Activity

In other news, Director Steven W. Kohlhagen sold 810 shares of the 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 of the company’s stock, valued at $4,568,020.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.72% of the company’s stock.

AMETEK Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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