AMETEK, Inc. (NYSE:AME) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its position in AMETEK, Inc. (NYSE:AME) by 30.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,849 shares of the technology company’s stock after purchasing an additional 12,718 shares during the period. Daiwa Securities Group Inc.’s holdings in AMETEK were worth $9,247,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp lifted its position in AMETEK by 34.6% during the second quarter. Bank of New York Mellon Corp now owns 3,602,753 shares of the technology company’s stock valued at $600,615,000 after buying an additional 926,657 shares in the last quarter. Boston Partners lifted its holdings in shares of AMETEK by 3.0% during the 1st quarter. Boston Partners now owns 3,063,588 shares of the technology company’s stock valued at $560,278,000 after acquiring an additional 90,271 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in AMETEK by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,882,166 shares of the technology company’s stock worth $313,777,000 after purchasing an additional 148,447 shares during the period. Principal Financial Group Inc. increased its holdings in AMETEK by 72.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company’s stock valued at $288,526,000 after purchasing an additional 703,501 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in AMETEK by 12.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,660,133 shares of the technology company’s stock valued at $276,761,000 after purchasing an additional 186,263 shares during the period. Hedge funds and other institutional investors own 87.43% of the company’s stock.

AMETEK Trading Down 0.1 %

NYSE AME opened at $197.12 on Tuesday. The company has a market capitalization of $45.60 billion, a price-to-earnings ratio of 34.34, a price-to-earnings-growth ratio of 3.22 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. AMETEK, Inc. has a 12 month low of $149.03 and a 12 month high of $198.33. The company’s fifty day moving average price is $177.04 and its two-hundred day moving average price is $170.91.

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

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.57%. AMETEK’s dividend payout ratio (DPR) is 19.51%.

Insider Activity at AMETEK

In other news, insider David F. Hermance sold 6,243 shares of the firm’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 transaction, the insider now directly owns 36,731 shares in the company, valued at approximately $7,015,253.69. This trade represents a 14.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tony J. Ciampitti sold 16,210 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the sale, the insider now directly owns 49,490 shares of the company’s stock, valued at approximately $9,750,024.90. This represents a 24.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,913 shares of company stock valued at $4,636,404. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada lowered 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. KeyCorp lifted their price objective on shares of AMETEK from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday. Wolfe Research upgraded shares of AMETEK to a “hold” rating in a research note on Wednesday, September 18th. TD Cowen downgraded shares of AMETEK from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Finally, StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, AMETEK presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.29.

About AMETEK

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.