Sheaff Brock Investment Advisors LLC grew its position in AMETEK, Inc. (NYSE:AME) by 55.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,421 shares of the technology company’s stock after buying an additional 10,809 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in AMETEK were worth $2,763,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in AMETEK by 24.8% during the 1st quarter. JPMorgan Chase & Co. now owns 4,147,050 shares of the technology company’s stock worth $344,081,000 after purchasing an additional 823,704 shares in the last quarter. Argent Capital Management LLC acquired a new position in AMETEK during the 1st quarter worth approximately $49,936,000. Marshall Wace North America L.P. increased its position in AMETEK by 332.0% during the 1st quarter. Marshall Wace North America L.P. now owns 437,986 shares of the technology company’s stock worth $36,340,000 after purchasing an additional 336,593 shares in the last quarter. Pictet Asset Management Ltd. increased its position in AMETEK by 271.9% during the 1st quarter. Pictet Asset Management Ltd. now owns 448,710 shares of the technology company’s stock worth $37,229,000 after purchasing an additional 328,065 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in AMETEK by 23.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,495,007 shares of the technology company’s stock worth $124,041,000 after purchasing an additional 279,644 shares in the last quarter. Institutional investors own 85.37% of the company’s stock.

NYSE:AME traded up $1.07 on Tuesday, reaching $86.11. 475,221 shares of the company’s stock were exchanged, compared to its average volume of 1,309,656. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 2.17. The firm has a market capitalization of $19.48 billion, a price-to-earnings ratio of 26.17, a price-to-earnings-growth ratio of 2.20 and a beta of 1.22. AMETEK, Inc. has a 52 week low of $63.14 and a 52 week high of $92.30. The company has a fifty day moving average of $89.02.

AMETEK (NYSE:AME) last issued its earnings results on Tuesday, July 30th. The technology company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.32 billion. AMETEK had a net margin of 16.32% and a return on equity of 19.27%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the business earned $0.83 earnings per share. On average, equities analysts predict that AMETEK, Inc. will post 4.1 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, September 13th. This represents a $0.56 dividend on an annualized basis and a yield of 0.65%. AMETEK’s dividend payout ratio is presently 17.02%.

In other news, VP Thomas M. Montgomery sold 5,602 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $88.50, for a total value of $495,777.00. Following the completion of the transaction, the vice president now directly owns 26,419 shares in the company, valued at $2,338,081.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizebeth R. Varet sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $84.90, for a total transaction of $169,800.00. Following the completion of the transaction, the director now owns 99,670 shares of the company’s stock, valued at $8,461,983. The disclosure for this sale can be found here. Insiders have sold 90,010 shares of company stock valued at $7,786,522 in the last quarter. Company insiders own 0.80% of the company’s stock.

Several equities analysts have issued reports on the stock. ValuEngine cut shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. KeyCorp upped their price target on shares of AMETEK from $94.00 to $100.00 in a research report on Wednesday, July 31st. Zacks Investment Research upgraded shares of AMETEK from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Thursday, June 13th. DA Davidson upped their price objective on shares of AMETEK to $101.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, Royal Bank of Canada set a $95.00 target price on shares of AMETEK and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $94.36.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. The company's Electronic Instruments segment offers advanced instruments for the process, aerospace, power, and industrial markets; process control instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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