First Allied Advisory Services Inc. lifted its position in AMETEK, Inc. (NYSE:AME) by 65.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,014 shares of the technology company’s stock after buying an additional 1,988 shares during the quarter. First Allied Advisory Services Inc.’s holdings in AMETEK were worth $412,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Dudley & Shanley Inc. raised its holdings in shares of AMETEK by 54.4% in the 1st quarter. Dudley & Shanley Inc. now owns 51,849 shares of the technology company’s stock valued at $4,302,000 after buying an additional 18,275 shares during the period. Gotham Asset Management LLC raised its holdings in shares of AMETEK by 10.8% in the 4th quarter. Gotham Asset Management LLC now owns 172,158 shares of the technology company’s stock valued at $11,655,000 after buying an additional 16,829 shares during the period. Forte Capital LLC ADV raised its holdings in shares of AMETEK by 1.1% in the 4th quarter. Forte Capital LLC ADV now owns 91,626 shares of the technology company’s stock valued at $6,203,000 after buying an additional 973 shares during the period. IFM Investors Pty Ltd raised its holdings in shares of AMETEK by 8.7% in the 4th quarter. IFM Investors Pty Ltd now owns 14,087 shares of the technology company’s stock valued at $954,000 after buying an additional 1,131 shares during the period. Finally, Nissay Asset Management Corp Japan ADV raised its holdings in shares of AMETEK by 557.4% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 118,115 shares of the technology company’s stock valued at $7,996,000 after buying an additional 100,147 shares during the period. Hedge funds and other institutional investors own 86.33% of the company’s stock.

In other news, Director Elizebeth R. Varet sold 2,000 shares of the stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $79.75, for a total value of $159,500.00. Following the transaction, the director now owns 102,810 shares in the company, valued at approximately $8,199,097.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dennis K. Williams sold 4,725 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $79.41, for a total value of $375,212.25. Following the completion of the transaction, the director now owns 31,192 shares in the company, valued at approximately $2,476,956.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,496 shares of company stock worth $4,633,720. 0.80% of the stock is owned by company insiders.

AME has been the topic of several research analyst reports. DA Davidson boosted their price objective on AMETEK to $101.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. ValuEngine upgraded AMETEK from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research upgraded AMETEK from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a report on Friday, February 8th. BMO Capital Markets restated a “buy” rating and set a $90.00 price target on shares of AMETEK in a report on Tuesday, January 29th. Finally, Berenberg Bank assumed coverage on AMETEK in a report on Wednesday, May 15th. They set a “buy” rating and a $100.00 price target on the stock. Fifteen equities research analysts have rated the stock with a buy rating, AMETEK presently has a consensus rating of “Buy” and an average price target of $91.00.

Shares of NYSE AME opened at $85.61 on Thursday. The company has a current ratio of 1.91, a quick ratio of 1.27 and a debt-to-equity ratio of 0.53. AMETEK, Inc. has a 1-year low of $63.14 and a 1-year high of $88.76. The stock has a market cap of $19.70 billion, a price-to-earnings ratio of 24.64, a P/E/G ratio of 2.20 and a beta of 1.21.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. AMETEK had a return on equity of 18.56% and a net margin of 16.14%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the business earned $0.79 EPS. AMETEK’s revenue was up 9.8% on a year-over-year basis. On average, research analysts expect that AMETEK, Inc. will post 4.07 earnings per share for the current fiscal year.

AMETEK declared that its board has approved a share repurchase plan on Wednesday, February 13th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.56 annualized dividend and a yield of 0.65%. AMETEK’s dividend payout ratio (DPR) is 17.02%.

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AMETEK 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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