Caisse DE Depot ET Placement DU Quebec Purchases 70,297 Shares of AMETEK, Inc. (NYSE:AME)

Caisse DE Depot ET Placement DU Quebec increased its position in AMETEK, Inc. (NYSE:AME - Free Report) by 416.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 87,178 shares of the technology company's stock after purchasing an additional 70,297 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in AMETEK were worth $14,969,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Czech National Bank increased its holdings in AMETEK by 8.6% in the second quarter. Czech National Bank now owns 44,108 shares of the technology company's stock worth $7,353,000 after buying an additional 3,499 shares during the last quarter. CWM LLC raised its holdings in AMETEK by 53.9% during the second quarter. CWM LLC now owns 10,594 shares of the technology company's stock valued at $1,766,000 after buying an additional 3,711 shares in the last quarter. Swedbank AB acquired a new stake in shares of AMETEK in the first quarter worth about $3,833,000. Cetera Investment Advisers boosted its stake in shares of AMETEK by 573.2% during the 1st quarter. Cetera Investment Advisers now owns 59,754 shares of the technology company's stock worth $10,929,000 after acquiring an additional 50,878 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of AMETEK by 68.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 152,132 shares of the technology company's stock valued at $25,362,000 after acquiring an additional 61,677 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 transaction, the director now owns 23,349 shares of the company's stock, valued at $4,006,454.91. This represents a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tony J. Ciampitti sold 16,210 shares of AMETEK stock in a transaction dated Friday, November 22nd. The stock was 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 owns 49,490 shares of the company's stock, valued at approximately $9,750,024.90. The trade was a 24.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,660 shares of company stock valued at $5,958,141. Insiders own 0.61% of the company's stock.

AMETEK Price Performance

Shares of NYSE:AME traded up $1.18 on Monday, hitting $195.56. The stock had a trading volume of 1,090,117 shares, compared to its average volume of 1,153,734. AMETEK, Inc. has a twelve month low of $149.03 and a twelve month high of $198.33. The company has a market capitalization of $45.23 billion, a price-to-earnings ratio of 34.07, a price-to-earnings-growth ratio of 3.17 and a beta of 1.16. The firm's 50 day moving average price is $179.53 and its 200-day moving average price is $171.83. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39.

AMETEK (NYSE:AME - Get Free Report) last posted 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. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The company had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the previous year, the company posted $1.64 earnings per share. AMETEK's quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts predict that AMETEK, Inc. will post 6.8 earnings per share for the current year.

AMETEK Dividend Announcement

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

Analysts Set New Price Targets

AME has been the topic of several analyst reports. Robert W. Baird increased their price target on AMETEK from $166.00 to $186.00 and gave the company a "neutral" rating in a report on Monday, November 4th. StockNews.com downgraded AMETEK from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. TD Cowen cut AMETEK from a "hold" rating to a "sell" rating in a research report on Monday, October 7th. Mizuho lifted their price target on AMETEK from $190.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Finally, Wolfe Research upgraded shares of AMETEK to a "hold" rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, AMETEK currently has an average rating of "Moderate Buy" and an average 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.