Cim LLC Has $1.19 Million Holdings in AMETEK, Inc. (NYSE:AME)

Cim LLC raised its holdings in shares of AMETEK, Inc. (NYSE:AME) by 2.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,196 shares of the technology company’s stock after purchasing an additional 197 shares during the quarter. Cim LLC’s holdings in AMETEK were worth $1,188,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Steward Partners Investment Advisory LLC grew its position in shares of AMETEK by 175.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,767 shares of the technology company’s stock valued at $1,116,000 after purchasing an additional 4,314 shares during the last quarter. Stifel Financial Corp increased its position in AMETEK by 2.5% during the 4th quarter. Stifel Financial Corp now owns 50,138 shares of the technology company’s stock worth $8,268,000 after buying an additional 1,245 shares during the period. Bank of Nova Scotia lifted its holdings in shares of AMETEK by 12.3% during the fourth quarter. Bank of Nova Scotia now owns 52,163 shares of the technology company’s stock worth $8,599,000 after buying an additional 5,717 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of AMETEK by 37.2% in the fourth quarter. Jones Financial Companies Lllp now owns 3,188 shares of the technology company’s stock valued at $526,000 after acquiring an additional 864 shares during the period. Finally, NEOS Investment Management LLC grew its stake in shares of AMETEK by 45.2% in the fourth quarter. NEOS Investment Management LLC now owns 3,258 shares of the technology company’s stock valued at $537,000 after acquiring an additional 1,014 shares in the last quarter. 87.43% of the stock is owned by institutional investors.

AMETEK Trading Down 1.5 %

Shares of NYSE AME opened at $169.10 on Wednesday. The stock has a market cap of $39.14 billion, a P/E ratio of 29.72, a price-to-earnings-growth ratio of 2.81 and a beta of 1.17. AMETEK, Inc. has a 52-week low of $136.89 and a 52-week high of $186.32. The firm has a 50 day moving average price of $166.35 and a two-hundred day moving average price of $170.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.26.

AMETEK (NYSE:AME) last announced its earnings results on Thursday, August 1st. The technology company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.64 by $0.02. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.78 billion. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 earnings per share. As a group, equities analysts forecast that AMETEK, Inc. will post 6.77 EPS for the current year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.28 per share. The ex-dividend date was Monday, September 16th. This represents a $1.12 dividend on an annualized basis and a yield of 0.66%. AMETEK’s dividend payout ratio (DPR) is currently 19.68%.

Insider Transactions at AMETEK

In other AMETEK news, Director Steven W. Kohlhagen sold 1,460 shares of AMETEK 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 sale, the director now directly owns 23,349 shares in the company, valued at $4,006,454.91. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AME. Truist Financial cut their price target on AMETEK from $204.00 to $201.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. TD Cowen decreased their price target on AMETEK from $165.00 to $158.00 and set a “hold” rating on the stock in a research report on Monday, August 5th. StockNews.com downgraded AMETEK from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Royal Bank of Canada dropped their target price on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, Wolfe Research raised shares of AMETEK to a “hold” rating in a research note on Wednesday, September 18th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $186.29.

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.