Securian Asset Management Inc Increases Stake in AMETEK, Inc. (NYSE:AME)

Securian Asset Management Inc raised its holdings in shares of AMETEK, Inc. (NYSE:AME) by 1.4% in the second quarter, Holdings Channel reports. The institutional investor owned 23,876 shares of the technology company’s stock after acquiring an additional 319 shares during the period. Securian Asset Management Inc’s holdings in AMETEK were worth $2,169,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. 180 Wealth Advisors LLC increased its stake in shares of AMETEK by 4.1% in the second quarter. 180 Wealth Advisors LLC now owns 3,411 shares of the technology company’s stock worth $301,000 after purchasing an additional 134 shares in the last quarter. CENTRAL TRUST Co increased its stake in shares of AMETEK by 4.6% in the second quarter. CENTRAL TRUST Co now owns 3,103 shares of the technology company’s stock worth $278,000 after purchasing an additional 137 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in shares of AMETEK by 55.2% in the first quarter. Cornerstone Advisors Inc. now owns 388 shares of the technology company’s stock worth $32,000 after purchasing an additional 138 shares in the last quarter. ETF Managers Group LLC increased its stake in shares of AMETEK by 7.9% in the first quarter. ETF Managers Group LLC now owns 1,890 shares of the technology company’s stock worth $157,000 after purchasing an additional 139 shares in the last quarter. Finally, Berman Capital Advisors LLC increased its stake in shares of AMETEK by 51.3% in the second quarter. Berman Capital Advisors LLC now owns 454 shares of the technology company’s stock worth $41,000 after purchasing an additional 154 shares in the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

In other AMETEK news, VP Thomas M. Montgomery sold 5,602 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $88.50, for a total transaction of $495,777.00. Following the completion of the transaction, the vice president now owns 26,419 shares in the company, valued at $2,338,081.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William Joseph Burke sold 16,322 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $86.51, for a total transaction of $1,412,016.22. Following the transaction, the chief financial officer now owns 86,727 shares of the company’s stock, valued at approximately $7,502,752.77. The disclosure for this sale can be found here. Insiders have sold 90,010 shares of company stock valued at $7,786,522 over the last ninety days. 0.80% of the stock is currently owned by corporate insiders.



AME traded down $0.82 during trading on Friday, hitting $84.95. 2,803 shares of the company traded hands, compared to its average volume of 1,252,385. The company has a market cap of $19.69 billion, a PE ratio of 25.92, a P/E/G ratio of 2.20 and a beta of 1.22. The stock’s 50-day simple moving average is $88.19 and its two-hundred day simple moving average is $84.56. AMETEK, Inc. has a 1 year low of $63.14 and a 1 year high of $92.30. The company has a current ratio of 2.17, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51.

AMETEK (NYSE:AME) last posted its earnings results on Tuesday, July 30th. The technology company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.02. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.32 billion. AMETEK had a net margin of 16.32% and a return on equity of 19.27%. AMETEK’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the company posted $0.83 earnings per share. Equities analysts expect that AMETEK, Inc. will post 4.1 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.56 annualized dividend and a yield of 0.66%. AMETEK’s payout ratio is 17.02%.

A number of analysts have recently issued reports on the stock. Berenberg Bank assumed coverage on shares of AMETEK in a research note on Wednesday, May 15th. They issued a “buy” rating and a $100.00 price objective for the company. Vertical Research reissued a “buy” rating on shares of AMETEK in a research note on Friday, May 3rd. BMO Capital Markets raised their target price on shares of AMETEK from $99.00 to $101.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Zacks Investment Research raised shares of AMETEK from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Thursday, June 13th. Finally, DA Davidson raised their target price on shares of AMETEK to $101.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. AMETEK has an average rating of “Buy” and an average price target of $94.36.

AMETEK Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. The company's Electronic Instruments segment offers advanced instruments for the process, aerospace, power, and industrial markets; process control 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.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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