iA Global Asset Management Inc. Buys 2,860 Shares of AMETEK, Inc. (NYSE:AME)

iA Global Asset Management Inc. raised its position in AMETEK, Inc. (NYSE:AME - Free Report) by 8.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,654 shares of the technology company's stock after acquiring an additional 2,860 shares during the quarter. iA Global Asset Management Inc.'s holdings in AMETEK were worth $6,122,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC raised its position in shares of AMETEK by 5.5% in the third quarter. EP Wealth Advisors LLC now owns 6,675 shares of the technology company's stock valued at $1,146,000 after purchasing an additional 345 shares during the period. EdgePoint Investment Group Inc. increased its position in AMETEK by 87.9% during the third quarter. EdgePoint Investment Group Inc. now owns 1,964,236 shares of the technology company's stock worth $337,279,000 after acquiring an additional 918,737 shares during the period. State Street Corp increased its position in AMETEK by 0.3% during the third quarter. State Street Corp now owns 9,220,376 shares of the technology company's stock worth $1,583,231,000 after acquiring an additional 24,072 shares during the period. Quantinno Capital Management LP increased its holdings in AMETEK by 51.6% in the 3rd quarter. Quantinno Capital Management LP now owns 14,614 shares of the technology company's stock valued at $2,509,000 after buying an additional 4,974 shares during the period. Finally, Quarry LP boosted its stake in shares of AMETEK by 226.1% in the 3rd quarter. Quarry LP now owns 300 shares of the technology company's stock valued at $52,000 after purchasing an additional 208 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AME. Robert W. Baird lifted their target price 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. Mizuho lifted their price objective on shares of AMETEK from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. KeyCorp boosted their price target on shares of AMETEK from $205.00 to $215.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. StockNews.com upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, TD Cowen downgraded shares of AMETEK from a "hold" rating to a "sell" rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $199.29.

AMETEK Trading Down 1.1 %

Shares of NYSE:AME traded down $2.14 during trading on Friday, reaching $191.54. 995,677 shares of the company traded hands, compared to its average volume of 1,157,755. The firm has a market capitalization of $44.31 billion, a price-to-earnings ratio of 33.37, a P/E/G ratio of 3.18 and a beta of 1.15. 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. The business's fifty day moving average is $181.31 and its 200-day moving average is $172.50.

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

AMETEK Dividend Announcement

The company 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 $0.28 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a yield of 0.58%. AMETEK's dividend payout ratio (DPR) is 19.51%.

Insiders Place Their Bets

In related news, insider David F. Hermance sold 6,243 shares of AMETEK stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $190.99, for a total value of $1,192,350.57. Following the completion of the sale, the insider now directly owns 36,731 shares in the company, valued at approximately $7,015,253.69. This trade represents a 14.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Emanuela Speranza sold 6,747 shares of AMETEK stock in a transaction dated Tuesday, November 26th. The stock was 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 of the company's stock, valued at $5,967,114. The trade was a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,660 shares of company stock worth $5,958,141. 0.61% of the stock is owned by corporate insiders.

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.