GAMMA Investing LLC Boosts Stock Holdings in AMETEK, Inc. (NYSE:AME)

GAMMA Investing LLC boosted its holdings in shares of AMETEK, Inc. (NYSE:AME) by 96.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,828 shares of the technology company’s stock after acquiring an additional 2,367 shares during the period. GAMMA Investing LLC’s holdings in AMETEK were worth $829,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AME. Washington Trust Advisors Inc. acquired a new position in AMETEK in the first quarter valued at approximately $37,000. Family Firm Inc. purchased a new stake in AMETEK during the second quarter worth about $39,000. Headlands Technologies LLC acquired a new stake in AMETEK during the 1st quarter worth approximately $43,000. Industrial Alliance Investment Management Inc. acquired a new position in AMETEK during the 2nd quarter worth $42,000. Finally, Crewe Advisors LLC increased its stake in shares of AMETEK by 168.8% during the second quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock worth $49,000 after buying an additional 184 shares during the period. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the sale, the director now directly owns 23,349 shares of the company’s stock, valued at $4,006,454.91. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

AME has been the subject of several research analyst reports. Royal Bank of Canada lowered their target price on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Redburn Atlantic upgraded shares of AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. TD Cowen cut AMETEK from a “hold” rating to a “sell” rating in a report on Monday. Finally, Wolfe Research upgraded AMETEK to a “hold” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $190.83.

AMETEK Price Performance

AMETEK stock opened at $166.92 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.26. The company has a market cap of $38.64 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 2.81 and a beta of 1.17. The firm has a 50 day moving average price of $166.23 and a 200 day moving average price of $170.34. AMETEK, Inc. has a 1 year low of $136.89 and a 1 year high of $186.32.

AMETEK (NYSE:AME) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.02. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. AMETEK’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 earnings per share. Sell-side analysts predict that AMETEK, Inc. will post 6.77 earnings per share for the current year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.28 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. AMETEK’s dividend payout ratio (DPR) is presently 19.68%.

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.