Outlook Wealth Advisors LLC Boosts Stake in AMETEK, Inc. (NYSE:AME)

Outlook Wealth Advisors LLC grew its stake in shares of AMETEK, Inc. (NYSE:AME) by 10.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,902 shares of the technology company’s stock after buying an additional 183 shares during the period. Outlook Wealth Advisors LLC’s holdings in AMETEK were worth $327,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in AMETEK by 48.4% during the 1st quarter. JPMorgan Chase & Co. now owns 7,075,565 shares of the technology company’s stock worth $1,294,121,000 after purchasing an additional 2,306,535 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of AMETEK by 34.6% during the second quarter. Bank of New York Mellon Corp now owns 3,602,753 shares of the technology company’s stock worth $600,615,000 after buying an additional 926,657 shares in the last quarter. Meridiem Investment Management Ltd. acquired a new position in shares of AMETEK in the third quarter valued at approximately $130,579,000. Principal Financial Group Inc. lifted its stake in shares of AMETEK by 256.3% during the second quarter. Principal Financial Group Inc. now owns 976,808 shares of the technology company’s stock valued at $162,844,000 after buying an additional 702,674 shares during the period. Finally, James Hambro & Partners LLP acquired a new stake in AMETEK during the third quarter worth approximately $60,188,000. 87.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the firm’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 sale, the director now directly owns 23,349 shares in the company, valued at approximately $4,006,454.91. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AME shares. Mizuho boosted their price target on AMETEK from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Wolfe Research upgraded AMETEK to a “hold” rating in a research note on Wednesday, September 18th. Robert W. Baird decreased their price target on AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. TD Cowen downgraded shares of AMETEK from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Finally, StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, AMETEK presently has an average rating of “Moderate Buy” and a consensus price target of $193.29.

AMETEK Stock Up 0.2 %

Shares of NYSE:AME opened at $166.96 on Friday. The stock has a 50-day simple moving average of $168.41 and a 200-day simple moving average of $169.15. The stock has a market capitalization of $38.65 billion, a P/E ratio of 29.34, a PEG ratio of 2.77 and a beta of 1.17. AMETEK, Inc. has a 1 year low of $136.89 and a 1 year high of $186.32. 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 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. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the firm earned $1.57 earnings per share. AMETEK’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts forecast that AMETEK, Inc. will post 6.76 earnings per share for the current year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Monday, September 16th. AMETEK’s dividend payout ratio is presently 19.68%.

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.