Fenimore Asset Management Inc Purchases 993 Shares of AMETEK, Inc. (NYSE:AME)

Fenimore Asset Management Inc grew its position in AMETEK, Inc. (NYSE:AME) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 272,869 shares of the technology company’s stock after buying an additional 993 shares during the period. Fenimore Asset Management Inc’s holdings in AMETEK were worth $49,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. AE Wealth Management LLC bought a new position in AMETEK during the second quarter worth about $201,000. Public Sector Pension Investment Board boosted its stake in shares of AMETEK by 75.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 8,967 shares of the technology company’s stock worth $1,495,000 after acquiring an additional 3,849 shares during the period. Marshall Wace LLP increased its holdings in shares of AMETEK by 2,987.2% during the 2nd quarter. Marshall Wace LLP now owns 33,959 shares of the technology company’s stock worth $5,661,000 after acquiring an additional 32,859 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of AMETEK by 41.6% during the 2nd quarter. Squarepoint Ops LLC now owns 24,744 shares of the technology company’s stock worth $4,125,000 after acquiring an additional 7,270 shares during the last quarter. Finally, AXA S.A. raised its stake in AMETEK by 358.6% in the 2nd quarter. AXA S.A. now owns 13,184 shares of the technology company’s stock valued at $2,198,000 after acquiring an additional 10,309 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Stock Performance

NYSE:AME opened at $187.91 on Friday. The company has a market cap of $43.47 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 2.73 and a beta of 1.16. AMETEK, Inc. has a fifty-two week low of $149.03 and a fifty-two week high of $198.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. The stock has a fifty day moving average price of $186.47 and a 200-day moving average price of $175.84.

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

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.60%. AMETEK’s dividend payout ratio (DPR) is currently 19.51%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AME shares. KeyCorp upped their price objective on shares of AMETEK from $205.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Mizuho upped their price target on shares of AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. BNP Paribas upgraded shares of AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 price objective for the company in a research report on Thursday, January 16th. Robert W. Baird boosted their price objective on AMETEK from $166.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $203.44.

Insider Activity at AMETEK

In other AMETEK news, insider Emanuela Speranza sold 6,747 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total transaction of $1,321,737.30. Following the sale, the insider now directly owns 30,460 shares of the company’s stock, valued at $5,967,114. The trade was a 18.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David F. Hermance sold 6,243 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $190.99, for a total value of $1,192,350.57. Following the completion of the sale, the insider now owns 36,731 shares in the company, valued at $7,015,253.69. This trade represents a 14.53 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,200 shares of company stock valued at $5,707,620. 0.61% of the stock is owned by insiders.

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.