Nomura Asset Management Co. Ltd. Has $11.68 Million Holdings in AMETEK, Inc. (NYSE:AME)

Nomura Asset Management Co. Ltd. raised its position in AMETEK, Inc. (NYSE:AME) by 4.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 68,042 shares of the technology company’s stock after purchasing an additional 3,108 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in AMETEK were worth $11,683,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AME. BNP Paribas Financial Markets raised its position in AMETEK by 23.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 355,828 shares of the technology company’s stock valued at $61,099,000 after buying an additional 67,025 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of AMETEK by 68.2% in the second quarter. Assenagon Asset Management S.A. now owns 152,132 shares of the technology company’s stock valued at $25,362,000 after purchasing an additional 61,677 shares during the last quarter. Sawgrass Asset Management LLC lifted its position in shares of AMETEK by 36.5% in the third quarter. Sawgrass Asset Management LLC now owns 74,757 shares of the technology company’s stock worth $12,837,000 after purchasing an additional 20,001 shares in the last quarter. Taurus Asset Management LLC boosted its holdings in AMETEK by 2.9% during the third quarter. Taurus Asset Management LLC now owns 115,033 shares of the technology company’s stock worth $19,752,000 after purchasing an additional 3,210 shares during the last quarter. Finally, Williams Financial LLC bought a new position in AMETEK in the second quarter valued at $6,040,000. 87.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AME has been the topic of a number of recent research reports. Truist Financial lifted their target price on AMETEK from $219.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, November 1st. KeyCorp boosted their price target on AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Robert W. Baird raised their target price on shares of AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Mizuho upped their price target 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. Finally, StockNews.com raised shares of AMETEK from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $199.29.

AMETEK Trading Up 0.0 %

AME stock opened at $188.62 on Thursday. AMETEK, Inc. has a one year low of $149.03 and a one year high of $198.33. The stock has a market cap of $43.63 billion, a price-to-earnings ratio of 32.86, a price-to-earnings-growth ratio of 3.13 and a beta of 1.15. The company has a fifty day moving average price of $182.07 and a two-hundred day moving average price of $172.73. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84.

AMETEK (NYSE:AME) last announced its earnings results on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.62 by $0.04. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the firm posted $1.64 EPS. AMETEK’s revenue was up 5.3% compared to the same quarter last year. Equities analysts anticipate that AMETEK, Inc. will post 6.8 EPS for the current year.

AMETEK Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Friday, December 6th. AMETEK’s payout ratio is 19.51%.

Insider Transactions at AMETEK

In other news, insider Tony J. Ciampitti sold 16,210 shares of AMETEK stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $197.01, for a total value of $3,193,532.10. Following the completion of the sale, the insider now directly owns 49,490 shares in the company, valued at approximately $9,750,024.90. The trade was a 24.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven W. Kohlhagen sold 1,460 shares of the 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 sale, the director now directly owns 23,349 shares in the company, valued at $4,006,454.91. This represents a 5.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,660 shares of company stock worth $5,958,141. Company insiders own 0.61% of the company’s stock.

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.