AMETEK, Inc. (NYSE:AME) is Mountain Pacific Investment Advisers LLC’s 3rd Largest Position

Mountain Pacific Investment Advisers LLC decreased its position in shares of AMETEK, Inc. (NYSE:AME) by 1.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 369,522 shares of the technology company’s stock after selling 4,047 shares during the period. AMETEK accounts for approximately 4.7% of Mountain Pacific Investment Advisers LLC’s portfolio, making the stock its 3rd largest holding. Mountain Pacific Investment Advisers LLC owned approximately 0.16% of AMETEK worth $66,610,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. lifted its holdings in shares of AMETEK by 62.6% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company’s stock worth $34,000 after acquiring an additional 77 shares during the period. Versant Capital Management Inc raised its stake in AMETEK by 3,116.7% during the fourth quarter. Versant Capital Management Inc now owns 193 shares of the technology company’s stock worth $35,000 after purchasing an additional 187 shares during the period. AdvisorNet Financial Inc boosted its holdings in shares of AMETEK by 1,176.5% in the 4th quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company’s stock valued at $39,000 after purchasing an additional 200 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of AMETEK during the 3rd quarter valued at $44,000. Finally, Anchor Investment Management LLC increased its holdings in shares of AMETEK by 366.1% during the 3rd quarter. Anchor Investment Management LLC now owns 261 shares of the technology company’s stock worth $45,000 after buying an additional 205 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AME. TD Cowen downgraded AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Robert W. Baird lifted their price target on shares of AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Mizuho increased their price objective on shares of AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. KeyCorp upped their price target on shares of AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, Bank of America upgraded AMETEK from a “neutral” rating to a “buy” rating and increased their price target for the company from $195.00 to $225.00 in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.44.

AMETEK Price Performance

Shares of NYSE AME opened at $180.74 on Tuesday. The business has a 50 day simple moving average of $187.17 and a 200-day simple moving average of $175.25. AMETEK, Inc. has a twelve month low of $149.03 and a twelve month high of $198.33. The company has a market capitalization of $41.81 billion, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 2.51 and a beta of 1.16. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18.

AMETEK (NYSE:AME) last issued its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the company earned $1.64 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts expect that AMETEK, Inc. will post 6.8 earnings per share for the current year.

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. AMETEK’s payout ratio is currently 19.51%.

Insiders Place Their Bets

In other AMETEK news, insider Emanuela Speranza sold 6,747 shares of AMETEK stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $195.90, for a total transaction of $1,321,737.30. Following the sale, the insider now owns 30,460 shares of the company’s stock, valued at $5,967,114. The trade was a 18.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David F. Hermance sold 6,243 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $190.99, for a total value of $1,192,350.57. Following the completion of the transaction, the insider now directly owns 36,731 shares of the company’s stock, valued at approximately $7,015,253.69. The trade was a 14.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,200 shares of company stock valued at $5,707,620 over the last three months. Company insiders own 0.61% of the company’s stock.

AMETEK Company 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.