AMETEK, Inc. (NYSE:AME) Stock Holdings Raised by Montag & Caldwell LLC

Montag & Caldwell LLC raised its stake in AMETEK, Inc. (NYSE:AME) by 2.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 9,613 shares of the technology company’s stock after purchasing an additional 193 shares during the period. Montag & Caldwell LLC’s holdings in AMETEK were worth $1,283,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AME. Mawer Investment Management Ltd. grew its position in shares of AMETEK by 4.1% during the 2nd quarter. Mawer Investment Management Ltd. now owns 4,209,917 shares of the technology company’s stock valued at $562,024,000 after buying an additional 167,689 shares during the last quarter. Geode Capital Management LLC grew its position in shares of AMETEK by 1.8% during the 1st quarter. Geode Capital Management LLC now owns 3,870,976 shares of the technology company’s stock valued at $493,100,000 after buying an additional 69,492 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of AMETEK by 19.9% during the 2nd quarter. Alliancebernstein L.P. now owns 3,459,236 shares of the technology company’s stock valued at $461,808,000 after buying an additional 573,990 shares during the last quarter. Champlain Investment Partners LLC grew its position in shares of AMETEK by 1.2% during the 1st quarter. Champlain Investment Partners LLC now owns 2,967,535 shares of the technology company’s stock valued at $379,043,000 after buying an additional 35,705 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of AMETEK by 3.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,802,949 shares of the technology company’s stock valued at $374,196,000 after buying an additional 100,820 shares during the last quarter. 87.18% of the stock is owned by institutional investors.

AME has been the subject of a number of analyst reports. Robert W. Baird raised shares of AMETEK to a “hold” rating in a research note on Thursday, August 5th. Zacks Investment Research raised shares of AMETEK from a “hold” rating to a “buy” rating and set a $143.00 target price for the company in a research note on Monday, June 14th. Rosenblatt Securities boosted their target price on shares of AMETEK from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, August 4th. Wells Fargo & Company boosted their target price on shares of AMETEK from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, August 4th. Finally, Morgan Stanley boosted their target price on shares of AMETEK from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Wednesday, August 4th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $158.50.

Shares of NYSE:AME traded down $0.41 during trading on Tuesday, reaching $127.35. The company had a trading volume of 13,659 shares, compared to its average volume of 977,319. The firm’s fifty day moving average is $135.38 and its 200 day moving average is $133.02. The firm has a market capitalization of $29.44 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 2.65 and a beta of 1.33. AMETEK, Inc. has a twelve month low of $94.90 and a twelve month high of $140.10. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.72 and a current ratio of 1.10.

AMETEK (NYSE:AME) last released its earnings results on Monday, August 2nd. The technology company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. AMETEK had a net margin of 17.78% and a return on equity of 16.61%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm earned $0.84 EPS. The business’s revenue for the quarter was up 37.0% on a year-over-year basis. Equities analysts predict that AMETEK, Inc. will post 4.67 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Tuesday, September 14th will be issued a $0.20 dividend. The ex-dividend date is Monday, September 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.63%. AMETEK’s payout ratio is currently 20.25%.

In other news, insider John Wesley Hardin sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 30th. The shares were sold at an average price of $133.44, for a total transaction of $400,320.00. Following the sale, the insider now owns 57,648 shares in the company, valued at $7,692,549.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven W. Kohlhagen sold 5,160 shares of the business’s stock in a transaction that occurred on Wednesday, September 8th. The shares were sold at an average price of $132.28, for a total transaction of $682,564.80. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

AMETEK Company Profile

AMETEK, Inc engages in the manufacture of electronic instruments and electromechanical devices. It operates through the following two segments: Electronic Instruments and Electromechanical. The Electronic Instruments segment designs and manufactures advanced instruments for the process, aerospace, power and industrial markets.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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