Caprock Group LLC Invests $502,000 in AMETEK, Inc. (NYSE:AME)

Caprock Group LLC purchased a new position in AMETEK, Inc. (NYSE:AME - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,922 shares of the technology company's stock, valued at approximately $502,000.

Several other large investors have also recently made changes to their positions in the company. Family Firm Inc. purchased a new position in AMETEK in the second quarter worth approximately $39,000. Industrial Alliance Investment Management Inc. purchased a new stake in AMETEK in the 2nd quarter valued at about $42,000. Princeton Global Asset Management LLC purchased a new position in AMETEK during the third quarter worth about $44,000. Crewe Advisors LLC increased its position in shares of AMETEK by 168.8% during the second quarter. Crewe Advisors LLC now owns 293 shares of the technology company's stock valued at $49,000 after acquiring an additional 184 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in shares of AMETEK in the 2nd quarter worth approximately $50,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,460 shares of AMETEK stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the transaction, the director now directly owns 23,349 shares of the company's stock, valued at $4,006,454.91. The trade was a 5.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David F. Hermance sold 6,243 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the sale, the insider now owns 36,731 shares of the company's stock, valued at approximately $7,015,253.69. This represents a 14.53 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

AMETEK Stock Up 0.8 %

NYSE AME traded up $1.62 during trading on Friday, reaching $197.38. 1,052,805 shares of the company's stock were exchanged, compared to its average volume of 1,347,993. The company has a 50 day moving average price of $176.46 and a two-hundred day moving average price of $170.70. The stock has a market cap of $45.66 billion, a P/E ratio of 34.38, a price-to-earnings-growth ratio of 3.19 and a beta of 1.16. AMETEK, Inc. has a 1 year low of $149.03 and a 1 year high of $197.83. 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 for the quarter, topping the consensus estimate of $1.62 by $0.04. The firm had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The firm's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.64 earnings per share. On average, equities research analysts anticipate that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.

AMETEK Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AME shares. Wolfe Research raised AMETEK to a "hold" rating in a research note on Wednesday, September 18th. Royal Bank of Canada lowered their price objective on shares of AMETEK from $216.00 to $215.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. KeyCorp upped their target price on shares of AMETEK from $205.00 to $215.00 and gave the stock an "overweight" rating in a research note on Friday. StockNews.com downgraded shares of AMETEK from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Finally, TD Cowen cut AMETEK from a "hold" rating to a "sell" rating in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $199.29.

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.