AMETEK, Inc. (NYSE:AME) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its holdings in AMETEK, Inc. (NYSE:AME) by 3.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,975 shares of the technology company’s stock after acquiring an additional 189 shares during the quarter. Vontobel Holding Ltd.’s holdings in AMETEK were worth $854,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Czech National Bank grew its position in AMETEK by 8.6% in the 2nd quarter. Czech National Bank now owns 44,108 shares of the technology company’s stock valued at $7,353,000 after buying an additional 3,499 shares during the last quarter. Duality Advisers LP purchased a new position in AMETEK in the 1st quarter valued at $1,676,000. CWM LLC grew its position in AMETEK by 53.9% in the 2nd quarter. CWM LLC now owns 10,594 shares of the technology company’s stock valued at $1,766,000 after buying an additional 3,711 shares during the last quarter. American National Bank & Trust Co. VA purchased a new position in AMETEK in the 1st quarter valued at $6,978,000. Finally, State Board of Administration of Florida Retirement System grew its position in AMETEK by 3.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 258,677 shares of the technology company’s stock valued at $47,312,000 after buying an additional 8,189 shares during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on AME. Mizuho boosted their target price on shares of AMETEK from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday. TD Cowen lowered shares of AMETEK from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Robert W. Baird decreased their target price on shares of AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. StockNews.com lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada decreased their target price on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $193.29.

Insider Transactions at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the completion of the sale, the director now owns 23,349 shares in the company, valued at approximately $4,006,454.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.61% of the company’s stock.

AMETEK Trading Down 0.2 %

Shares of AME stock opened at $169.40 on Monday. The firm has a 50-day moving average price of $167.84 and a 200 day moving average price of $169.53. AMETEK, Inc. has a twelve month low of $136.89 and a twelve month high of $186.32. The company has a market capitalization of $39.21 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 2.77 and a beta of 1.17. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 0.20.

AMETEK (NYSE:AME) last announced its earnings results on Thursday, August 1st. The technology company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.02. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the company posted $1.57 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Research analysts forecast that AMETEK, Inc. will post 6.76 earnings per share for the current fiscal 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 issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, September 16th. AMETEK’s payout ratio is currently 19.68%.

About AMETEK

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.