AMETEK, Inc. (NYSE:AME) Shares Acquired by Anchor Investment Management LLC

Anchor Investment Management LLC increased its position in shares of AMETEK, Inc. (NYSE:AME) by 366.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 261 shares of the technology company’s stock after buying an additional 205 shares during the period. Anchor Investment Management LLC’s holdings in AMETEK were worth $45,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. raised its position in shares of AMETEK by 62.6% in the third quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company’s stock worth $34,000 after acquiring an additional 77 shares during the period. Family Firm Inc. acquired a new position in AMETEK in the 2nd quarter worth about $39,000. Industrial Alliance Investment Management Inc. purchased a new position in AMETEK during the second quarter worth approximately $42,000. Princeton Global Asset Management LLC acquired a new stake in AMETEK in the third quarter valued at approximately $44,000. Finally, Crewe Advisors LLC increased its position in shares of AMETEK by 168.8% in the second quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock valued at $49,000 after buying an additional 184 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Trading Down 0.6 %

Shares of AMETEK stock opened at $187.38 on Friday. AMETEK, Inc. has a 1-year low of $149.03 and a 1-year high of $198.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. The stock has a market cap of $43.34 billion, a P/E ratio of 32.64, a P/E/G ratio of 3.08 and a beta of 1.15. The stock’s 50 day simple moving average is $183.21 and its 200-day simple moving average is $173.08.

AMETEK (NYSE:AME) last issued its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.64 EPS. Analysts predict that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.28 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 0.60%. AMETEK’s payout ratio is 19.51%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AME shares. Wolfe Research upgraded AMETEK to a “hold” rating in a research report on Wednesday, September 18th. Mizuho increased their price objective on shares of AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, November 1st. TD Cowen downgraded shares of AMETEK from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. KeyCorp lifted their price objective on AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Robert W. Baird increased their target price on AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, AMETEK has an average rating of “Moderate Buy” and an average price target of $199.29.

Insider Activity

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total value of $250,521.40. Following the transaction, the director now owns 23,349 shares of the company’s stock, valued at $4,006,454.91. This represents a 5.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tony J. Ciampitti sold 16,210 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $197.01, for a total value of $3,193,532.10. Following the sale, the insider now directly owns 49,490 shares of the company’s stock, valued at $9,750,024.90. The trade was a 24.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,660 shares of company stock valued at $5,958,141 in the last 90 days. 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.