Taurus Asset Management LLC Lowers Stake in AMETEK, Inc. (NYSE:AME)

Taurus Asset Management LLC lessened its holdings in shares of AMETEK, Inc. (NYSE:AMEFree Report) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,394 shares of the technology company’s stock after selling 675 shares during the period. AMETEK comprises approximately 2.1% of Taurus Asset Management LLC’s investment portfolio, making the stock its 22nd biggest position. Taurus Asset Management LLC’s holdings in AMETEK were worth $16,903,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its position in AMETEK by 9.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,306 shares of the technology company’s stock valued at $573,000 after acquiring an additional 376 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of AMETEK by 12.7% in the first quarter. Lord Abbett & CO. LLC now owns 84,481 shares of the technology company’s stock worth $11,251,000 after purchasing an additional 9,510 shares during the last quarter. Prudential PLC purchased a new position in AMETEK in the 1st quarter worth about $591,000. Cetera Investment Advisers lifted its holdings in AMETEK by 45.1% during the 1st quarter. Cetera Investment Advisers now owns 2,974 shares of the technology company’s stock valued at $396,000 after buying an additional 924 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in AMETEK by 41.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,379 shares of the technology company’s stock valued at $316,000 after buying an additional 700 shares during the period. 85.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on AME. KeyCorp lifted their price target on shares of AMETEK from $176.00 to $182.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. TD Cowen cut AMETEK from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $165.00 to $160.00 in a report on Monday, November 27th. StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Royal Bank of Canada lowered their price objective on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, AMETEK has an average rating of “Moderate Buy” and an average target price of $174.25.

View Our Latest Stock Analysis on AME

AMETEK Trading Up 1.3 %

Shares of NYSE AME opened at $168.50 on Monday. The business has a fifty day moving average price of $162.94 and a 200 day moving average price of $156.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.98 and a quick ratio of 0.59. AMETEK, Inc. has a 1-year low of $131.52 and a 1-year high of $168.63. The stock has a market capitalization of $38.89 billion, a P/E ratio of 29.72, a price-to-earnings-growth ratio of 2.68 and a beta of 1.21.

AMETEK (NYSE:AMEGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.62 by $0.06. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.73 billion. AMETEK had a net margin of 19.91% and a return on equity of 17.96%. AMETEK’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $1.52 EPS. Equities research analysts expect that AMETEK, Inc. will post 6.84 EPS for the current fiscal year.

AMETEK Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 8th will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, March 7th. This is a positive change from AMETEK’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.66%. AMETEK’s payout ratio is 17.64%.

Insider Activity at AMETEK

In other AMETEK news, Director Steven W. Kohlhagen sold 810 shares of AMETEK stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $155.09, for a total transaction of $125,622.90. Following the completion of the sale, the director now owns 29,454 shares of the company’s stock, valued at approximately $4,568,020.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by insiders.


(Free Report)

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. It operates in two segments, Electronic Instruments (EIG) and Electromechanical (EMG). 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; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets.Its EMG segment offers engineered electrical connectors and electronics packaging to protect sensitive devices and mission-critical electronics; precision motion control products for data storage, medical devices, business equipment, automation, and other applications; high-purity powdered metals, strips and foils, specialty clad metals, and metal matrix composites; motor-blower systems and heat exchangers for use in thermal management, military, commercial aircraft, and military ground vehicles; and motors for use in commercial appliances, fitness equipment, food and beverage machines, hydraulic pumps, and industrial blowers.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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