AMETEK, Inc. (NYSE:AME) Shares Bought by Assetmark Inc.

Assetmark Inc. increased its position in AMETEK, Inc. (NYSE:AME - Free Report) by 9.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,204 shares of the technology company's stock after acquiring an additional 5,873 shares during the period. Assetmark Inc.'s holdings in AMETEK were worth $11,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AME. Washington Trust Advisors Inc. purchased a new position in shares of AMETEK during the 1st quarter valued at about $37,000. Family Firm Inc. purchased a new position in shares of AMETEK during the 2nd quarter valued at about $39,000. Industrial Alliance Investment Management Inc. purchased a new position in shares of AMETEK in the 2nd quarter valued at about $42,000. Headlands Technologies LLC purchased a new position in shares of AMETEK in the 1st quarter valued at about $43,000. Finally, Princeton Global Asset Management LLC purchased a new position in shares of AMETEK in the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 87.43% of the company's stock.

AMETEK Price Performance

Shares of AMETEK stock traded up $0.65 on Monday, hitting $191.57. 943,889 shares of the company were exchanged, compared to its average volume of 1,145,563. The stock has a market capitalization of $44.31 billion, a price-to-earnings ratio of 33.26, a price-to-earnings-growth ratio of 3.10 and a beta of 1.16. The company has a 50-day moving average price of $170.91 and a 200 day moving average price of $169.15. AMETEK, Inc. has a 1-year low of $149.03 and a 1-year high of $193.04. 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 released its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. The firm had revenue of $1.71 billion for 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 business's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.64 EPS. As a group, sell-side analysts predict that AMETEK, Inc. will post 6.81 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, December 6th. AMETEK's payout ratio is 19.51%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AME shares. Royal Bank of Canada cut their price target on AMETEK from $216.00 to $215.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. StockNews.com upgraded AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Mizuho lifted their price target on AMETEK from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. TD Cowen cut AMETEK from a "hold" rating to a "sell" rating in a report on Monday, October 7th. Finally, Robert W. Baird lifted their price objective on AMETEK from $166.00 to $186.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $197.86.

Insider Buying and Selling at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the company's stock in a transaction on 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 owns 23,349 shares of the company's stock, valued at approximately $4,006,454.91. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is owned by corporate insiders.

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.