AustralianSuper Pty Ltd grew its holdings in shares of AMETEK, Inc. (NYSE:AME – Free Report) by 3.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,256,625 shares of the technology company’s stock after purchasing an additional 36,909 shares during the period. AMETEK comprises 1.1% of AustralianSuper Pty Ltd’s investment portfolio, making the stock its 23rd largest holding. AustralianSuper Pty Ltd’s holdings in AMETEK were worth $215,775,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in shares of AMETEK by 7.3% during the first quarter. EverSource Wealth Advisors LLC now owns 899 shares of the technology company’s stock worth $157,000 after purchasing an additional 61 shares during the period. MorganRosel Wealth Management LLC raised its holdings in shares of AMETEK by 1.6% during the second quarter. MorganRosel Wealth Management LLC now owns 3,886 shares of the technology company’s stock worth $648,000 after purchasing an additional 61 shares during the period. Commerzbank Aktiengesellschaft FI grew its position in shares of AMETEK by 4.8% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,340 shares of the technology company’s stock worth $224,000 after acquiring an additional 61 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of AMETEK by 2.4% during the second quarter. First Horizon Advisors Inc. now owns 2,639 shares of the technology company’s stock worth $440,000 after acquiring an additional 62 shares during the last quarter. Finally, Checchi Capital Advisers LLC grew its position in shares of AMETEK by 2.9% during the second quarter. Checchi Capital Advisers LLC now owns 2,225 shares of the technology company’s stock worth $371,000 after acquiring an additional 63 shares during the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.
AMETEK Trading Up 7.3 %
Shares of NYSE AME traded up $12.39 during mid-day trading on Thursday, hitting $181.30. 793,580 shares of the company traded hands, compared to its average volume of 1,131,854. AMETEK, Inc. has a 1 year low of $136.89 and a 1 year high of $186.32. The stock has a market capitalization of $41.97 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 2.77 and a beta of 1.17. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average of $168.59 and a two-hundred day moving average of $168.90.
AMETEK Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Monday, September 16th. AMETEK’s dividend payout ratio is currently 19.68%.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. Wolfe Research upgraded shares of AMETEK to a “hold” rating in a research report on Wednesday, September 18th. StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Robert W. Baird decreased their price objective on shares of AMETEK from $171.00 to $166.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Redburn Atlantic raised AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada decreased their target price on AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $193.29.
View Our Latest Stock Analysis on AME
Insider Buying and Selling
In other news, Director Steven W. Kohlhagen sold 1,460 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the completion of the sale, the director now directly owns 23,349 shares of the company’s stock, valued at $4,006,454.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.61% of the company’s stock.
AMETEK Company Profile
AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. 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; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.
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