AMETEK, Inc. (NYSE:AME) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,913 shares of the technology company's stock after purchasing an additional 4,352 shares during the quarter. Janus Henderson Group PLC owned 0.11% of AMETEK worth $45,486,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AME. Czech National Bank increased its stake in shares of AMETEK by 8.6% in the 2nd quarter. Czech National Bank now owns 44,108 shares of the technology company's stock valued at $7,353,000 after purchasing an additional 3,499 shares in the last quarter. CWM LLC increased its position in shares of AMETEK by 53.9% in 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. BNP Paribas Financial Markets increased its position in shares of AMETEK by 23.2% in the third quarter. BNP Paribas Financial Markets now owns 355,828 shares of the technology company's stock valued at $61,099,000 after buying an additional 67,025 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of AMETEK by 68.2% during 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 buying an additional 61,677 shares in the last quarter. Finally, Sawgrass Asset Management LLC grew its stake in AMETEK by 36.5% in the 3rd quarter. Sawgrass Asset Management LLC now owns 74,757 shares of the technology company's stock valued at $12,837,000 after acquiring an additional 20,001 shares during the period. Institutional investors and hedge funds own 87.43% of the company's stock.

Analyst Ratings Changes

AME has been the subject of several recent analyst reports. Robert W. Baird boosted their price target on shares of AMETEK from $166.00 to $186.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Wolfe Research upgraded shares of AMETEK to a "hold" rating in a research report on Wednesday, September 18th. StockNews.com raised shares of AMETEK from a "hold" rating to a "buy" rating in a research note on Wednesday. TD Cowen cut AMETEK from a "hold" rating to a "sell" rating in a report on Monday, October 7th. Finally, Mizuho raised their target price on AMETEK from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AMETEK currently has a consensus rating of "Moderate Buy" and a consensus target price of $199.29.

AMETEK Trading Down 1.1 %

Shares of NYSE AME traded down $2.17 during midday trading on Friday, reaching $191.51. 995,672 shares of the stock were exchanged, compared to its average volume of 1,155,358. AMETEK, Inc. has a twelve month low of $149.03 and a twelve month high of $198.33. The stock has a market capitalization of $44.30 billion, a P/E ratio of 33.36, a PEG ratio of 3.17 and a beta of 1.15. The company has a 50 day simple moving average of $180.92 and a 200 day simple moving average of $172.33. 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 released its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share 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 business had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same period in the prior year, the business posted $1.64 EPS. The company's revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts expect that AMETEK, Inc. will post 6.8 earnings per share for the current year.

AMETEK Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, December 6th. AMETEK's payout ratio is 19.51%.

Insider Activity

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 sale, the director now owns 23,349 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony J. Ciampitti sold 16,210 shares of AMETEK stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $197.01, for a total value of $3,193,532.10. Following the completion of the transaction, the insider now owns 49,490 shares of the company's stock, valued at approximately $9,750,024.90. This trade represents a 24.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,660 shares of company stock valued at $5,958,141. 0.61% of the stock is currently owned by corporate insiders.

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.