Intech Investment Management LLC Sells 4,027 Shares of AMETEK, Inc. (NYSE:AME)

Intech Investment Management LLC lowered its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 11.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,647 shares of the technology company's stock after selling 4,027 shares during the quarter. Intech Investment Management LLC's holdings in AMETEK were worth $5,606,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its position in shares of AMETEK by 0.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,536,231 shares of the technology company's stock valued at $1,195,478,000 after acquiring an additional 44,899 shares during the last quarter. Bank of New York Mellon Corp increased its position in AMETEK by 34.6% during the second quarter. Bank of New York Mellon Corp now owns 3,602,753 shares of the technology company's stock worth $600,615,000 after buying an additional 926,657 shares during the last quarter. Boston Partners increased its position in AMETEK by 3.0% during the first quarter. Boston Partners now owns 3,063,588 shares of the technology company's stock worth $560,278,000 after buying an additional 90,271 shares during the last quarter. Dimensional Fund Advisors LP increased its position in AMETEK by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,882,166 shares of the technology company's stock worth $313,777,000 after buying an additional 148,447 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in AMETEK by 72.0% during the third quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company's stock worth $288,526,000 after buying an additional 703,501 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

AMETEK Price Performance

AME traded up $1.62 during trading on Friday, hitting $197.38. 1,052,805 shares of the stock traded hands, compared to its average volume of 1,347,993. AMETEK, Inc. has a twelve month low of $149.03 and a twelve month high of $197.83. The company has a market cap of $45.66 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 3.19 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. The business has a 50 day moving average price of $176.46 and a 200 day moving average price of $170.70.

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

AMETEK Dividend Announcement

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

Analysts Set New Price Targets

AME has been the topic of a number of recent analyst reports. TD Cowen downgraded AMETEK from a "hold" rating to a "sell" rating in a research report on Monday, October 7th. Mizuho boosted their price objective on AMETEK from $190.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Redburn Atlantic upgraded AMETEK to a "strong-buy" rating in a report on Friday, August 2nd. Robert W. Baird boosted 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. Finally, KeyCorp boosted their price objective on AMETEK from $205.00 to $215.00 and gave the stock an "overweight" rating in a report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $199.29.

Insider Transactions at AMETEK

In other AMETEK news, insider David F. Hermance sold 6,243 shares of the company's stock in a transaction on Friday, November 8th. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven W. Kohlhagen sold 1,460 shares of the company's stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total transaction of $250,521.40. Following the sale, the director now directly owns 23,349 shares in the company, valued at $4,006,454.91. This trade represents a 5.88 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company's stock.

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.