BNP Paribas Financial Markets Has $61.10 Million Position in AMETEK, Inc. (NYSE:AME)

BNP Paribas Financial Markets grew its holdings in AMETEK, Inc. (NYSE:AME) by 23.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 355,828 shares of the technology company’s stock after buying an additional 67,025 shares during the quarter. BNP Paribas Financial Markets’ holdings in AMETEK were worth $61,099,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AME. B. Riley Wealth Advisors Inc. increased its stake in shares of AMETEK by 42.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 1,919 shares of the technology company’s stock valued at $351,000 after buying an additional 573 shares in the last quarter. Tidal Investments LLC increased its stake in shares of AMETEK by 15.1% in the first quarter. Tidal Investments LLC now owns 4,930 shares of the technology company’s stock valued at $902,000 after buying an additional 646 shares in the last quarter. Comerica Bank increased its stake in shares of AMETEK by 0.4% in the first quarter. Comerica Bank now owns 74,825 shares of the technology company’s stock valued at $13,685,000 after buying an additional 314 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new stake in shares of AMETEK in the first quarter valued at $542,000. Finally, Swedbank AB bought a new position in AMETEK in the first quarter valued at about $3,833,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on AME shares. Wolfe Research raised AMETEK to a “hold” rating in a report on Wednesday, September 18th. TD Cowen cut AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Redburn Atlantic raised AMETEK to a “strong-buy” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada dropped their price objective on AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $199.29.

AMETEK Price Performance

AMETEK stock opened at $195.13 on Thursday. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average of $178.12 and a 200-day moving average of $171.26. AMETEK, Inc. has a 1 year low of $149.03 and a 1 year high of $198.33. The firm has a market capitalization of $45.14 billion, a P/E ratio of 33.99, a PEG ratio of 3.22 and a beta of 1.16.

AMETEK (NYSE:AME) last issued its quarterly earnings data 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. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the firm earned $1.64 EPS. AMETEK’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities analysts anticipate that AMETEK, Inc. will post 6.8 EPS for the current year.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.28 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.12 annualized dividend and a dividend yield of 0.57%. AMETEK’s dividend payout ratio is presently 19.51%.

Insider Activity at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 23,349 shares in the company, valued at approximately $4,006,454.91. The trade was a 5.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David F. Hermance sold 6,243 shares of the business’s stock in a transaction that occurred on 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. The trade was a 14.53 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 30,660 shares of company stock worth $5,958,141. 0.61% of the stock is owned by company insiders.

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.