AMETEK, Inc. (NYSE:AME) Shares Sold by Modera Wealth Management LLC

Modera Wealth Management LLC lowered its position in AMETEK, Inc. (NYSE:AME) by 6.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,929 shares of the technology company’s stock after selling 191 shares during the quarter. Modera Wealth Management LLC’s holdings in AMETEK were worth $504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AME. Bank Pictet & Cie Europe AG boosted its holdings in AMETEK by 23.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 183,024 shares of the technology company’s stock valued at $32,992,000 after acquiring an additional 34,866 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of AMETEK by 14.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 17,500 shares of the technology company’s stock worth $3,155,000 after purchasing an additional 2,221 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of AMETEK by 17.4% during the fourth quarter. National Bank of Canada FI now owns 142,093 shares of the technology company’s stock worth $25,616,000 after purchasing an additional 21,009 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of AMETEK during the fourth quarter worth about $1,075,000. Finally, Huntington National Bank lifted its stake in shares of AMETEK by 9.2% during the fourth quarter. Huntington National Bank now owns 2,237 shares of the technology company’s stock worth $403,000 after purchasing an additional 189 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Stock Down 1.4%

Shares of AMETEK stock opened at $182.18 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. The firm has a market cap of $42.06 billion, a P/E ratio of 29.34, a P/E/G ratio of 2.77 and a beta of 1.10. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $198.33. The business has a 50-day moving average price of $179.44 and a 200 day moving average price of $177.01.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Thursday, July 31st. The technology company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.09. The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.74 billion. AMETEK had a return on equity of 16.53% and a net margin of 20.60%. AMETEK’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.66 earnings per share. On average, sell-side analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, June 13th. AMETEK’s payout ratio is currently 20.29%.

Analyst Ratings Changes

AME has been the topic of a number of recent research reports. Morgan Stanley initiated coverage on AMETEK in a research note on Monday, April 14th. They set an “equal weight” rating and a $170.00 price objective on the stock. Melius cut AMETEK from a “buy” rating to a “hold” rating and set a $192.00 price objective on the stock. in a research note on Monday, July 14th. Wall Street Zen upgraded AMETEK from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. DA Davidson boosted their price objective on AMETEK from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday. Finally, KeyCorp boosted their price target on AMETEK from $195.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, AMETEK currently has a consensus rating of “Moderate Buy” and an average price target of $200.18.

AMETEK 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.