Royal London Asset Management Ltd. Has $70.71 Million Stake in AMETEK, Inc. (NYSE:AME)

Royal London Asset Management Ltd. raised its position in AMETEK, Inc. (NYSE:AME - Free Report) by 1.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 411,779 shares of the technology company's stock after purchasing an additional 6,332 shares during the quarter. Royal London Asset Management Ltd. owned about 0.18% of AMETEK worth $70,707,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in AME. MorganRosel Wealth Management LLC increased its stake in shares of AMETEK by 1.6% during the second quarter. MorganRosel Wealth Management LLC now owns 3,886 shares of the technology company's stock valued at $648,000 after acquiring an additional 61 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in shares of AMETEK by 4.8% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,340 shares of the technology company's stock valued at $224,000 after acquiring an additional 61 shares during the period. First Horizon Advisors Inc. increased its stake in shares of AMETEK by 2.4% during the second quarter. First Horizon Advisors Inc. now owns 2,639 shares of the technology company's stock valued at $440,000 after acquiring an additional 62 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of AMETEK by 2.9% during the second quarter. Checchi Capital Advisers LLC now owns 2,225 shares of the technology company's stock valued at $371,000 after acquiring an additional 63 shares during the period. Finally, Hutchens & Kramer Investment Management Group LLC increased its stake in shares of AMETEK by 3.8% during the third quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,764 shares of the technology company's stock valued at $298,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 87.43% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Robert W. Baird lifted their price target on shares of AMETEK from $166.00 to $186.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Wolfe Research upgraded shares of AMETEK to a "hold" rating in a research report on Wednesday, September 18th. StockNews.com upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a research report on Wednesday. KeyCorp lifted 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, Mizuho lifted 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, AMETEK currently has a consensus rating of "Moderate Buy" and a consensus target price of $199.29.

Insider Activity

In other news, insider Emanuela Speranza sold 6,747 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total transaction of $1,321,737.30. Following the transaction, the insider now owns 30,460 shares in the company, valued at approximately $5,967,114. The trade was a 18.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Tony J. Ciampitti sold 16,210 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the transaction, the insider now owns 49,490 shares in the company, valued at approximately $9,750,024.90. The trade was a 24.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,660 shares of company stock worth $5,958,141. 0.61% of the stock is owned by corporate insiders.

AMETEK Stock Up 0.2 %

Shares of NYSE:AME traded up $0.40 during trading on Thursday, reaching $195.40. 253,629 shares of the company traded hands, compared to its average volume of 1,151,171. The firm has a fifty day simple moving average of $180.49 and a 200 day simple moving average of $172.18. The firm has a market cap of $45.20 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 3.17 and a beta of 1.15. AMETEK, Inc. has a 1-year low of $149.03 and a 1-year high of $198.33. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18.

AMETEK (NYSE:AME - Get Free Report) last issued its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the business posted $1.64 EPS. Analysts anticipate that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.57%. AMETEK's dividend payout ratio is currently 19.51%.

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.