Bank of Montreal Can Has $55.35 Million Stake in AMETEK, Inc. (NYSE:AME)

Bank of Montreal Can raised its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 4.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 321,680 shares of the technology company's stock after buying an additional 14,663 shares during the quarter. Bank of Montreal Can owned 0.14% of AMETEK worth $55,351,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. grew its holdings in shares of AMETEK by 42.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,919 shares of the technology company's stock worth $351,000 after purchasing an additional 573 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of AMETEK by 15.1% during the 1st quarter. Tidal Investments LLC now owns 4,930 shares of the technology company's stock worth $902,000 after purchasing an additional 646 shares in the last quarter. Comerica Bank lifted its position in shares of AMETEK by 0.4% during the 1st quarter. Comerica Bank now owns 74,825 shares of the technology company's stock worth $13,685,000 after buying an additional 314 shares during the period. Citizens Financial Group Inc. RI bought a new position in shares of AMETEK during the 1st quarter worth approximately $542,000. Finally, Swedbank AB bought a new position in shares of AMETEK during the 1st quarter worth approximately $3,833,000. Institutional investors and hedge funds own 87.43% of the company's stock.

Insider Buying and Selling

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the company'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 owns 23,349 shares in the company, valued at approximately $4,006,454.91. This represents a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Emanuela Speranza sold 6,747 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total value of $1,321,737.30. Following the completion of the sale, the insider now owns 30,460 shares in the company, valued at $5,967,114. This represents a 18.13 % 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. Corporate insiders own 0.61% of the company's stock.

AMETEK Stock Down 1.0 %

Shares of AMETEK stock traded down $1.92 during trading on Thursday, reaching $195.10. The stock had a trading volume of 748,542 shares, compared to its average volume of 1,154,245. The company has a market capitalization of $45.13 billion, a price-to-earnings ratio of 33.99, a P/E/G ratio of 3.22 and a beta of 1.16. The stock has a fifty day moving average price of $178.12 and a two-hundred day moving average price of $171.26. AMETEK, Inc. has a 52 week low of $149.03 and a 52 week high of $198.33. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The company's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.64 earnings per share. Sell-side analysts predict that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 0.57%. AMETEK's payout ratio is presently 19.51%.

Analysts Set New Price Targets

AME has been the subject of several analyst reports. KeyCorp raised their target price on AMETEK from $205.00 to $215.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. TD Cowen downgraded AMETEK from a "hold" rating to a "sell" rating in a research report on Monday, October 7th. Royal Bank of Canada cut their price objective on AMETEK from $216.00 to $215.00 and set an "outperform" rating for the company in a research report on Friday, August 2nd. Mizuho lifted their price objective on AMETEK from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Robert W. Baird boosted their target price on AMETEK from $166.00 to $186.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, AMETEK presently has an average rating of "Moderate Buy" and a consensus price target of $199.29.

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.