AMETEK, Inc. (NYSE:AME) Stock Holdings Reduced by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. reduced its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 7.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 427,878 shares of the technology company's stock after selling 32,241 shares during the quarter. Mawer Investment Management Ltd. owned 0.18% of AMETEK worth $73,471,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AME. Bank of New York Mellon Corp increased its holdings in AMETEK by 34.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,602,753 shares of the technology company's stock valued at $600,615,000 after purchasing an additional 926,657 shares in the last quarter. Meridiem Investment Management Ltd. acquired a new position in AMETEK in the 3rd quarter worth $130,579,000. Principal Financial Group Inc. boosted its position in AMETEK by 72.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company's stock valued at $288,526,000 after buying an additional 703,501 shares during the last quarter. James Hambro & Partners LLP purchased a new position in AMETEK in the 3rd quarter valued at about $60,188,000. Finally, Ceredex Value Advisors LLC acquired a new stake in AMETEK during the 3rd quarter valued at approximately $40,811,000. Institutional investors and hedge funds own 87.43% of the company's stock.

AMETEK Stock Performance

NYSE:AME traded up $0.14 during midday trading on Monday, reaching $193.24. 808,001 shares of the company traded hands, compared to its average volume of 1,154,279. AMETEK, Inc. has a twelve month low of $149.03 and a twelve month high of $196.70. 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 company has a fifty day moving average price of $173.59 and a 200 day moving average price of $169.76. The firm has a market capitalization of $44.70 billion, a price-to-earnings ratio of 33.58, a price-to-earnings-growth ratio of 3.15 and a beta of 1.16.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.62 by $0.04. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The company's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 earnings per share. On average, analysts expect that AMETEK, Inc. will post 6.81 EPS for the current fiscal year.

AMETEK Announces Dividend

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

Insider Activity at AMETEK

In other news, insider David F. Hermance sold 6,243 shares of the firm's 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 transaction, the insider now directly owns 36,731 shares of the company's stock, valued at approximately $7,015,253.69. This trade represents a 14.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven W. Kohlhagen sold 1,460 shares of the company's stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total value of $250,521.40. Following the completion of the sale, the director now owns 23,349 shares of the company's stock, valued at $4,006,454.91. This trade represents a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on AME shares. Truist Financial increased their price objective on shares of AMETEK from $219.00 to $221.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Redburn Atlantic raised shares of AMETEK to a "strong-buy" rating in a research report on Friday, August 2nd. Wolfe Research raised AMETEK to a "hold" rating in a report on Wednesday, September 18th. StockNews.com lowered AMETEK from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Robert W. Baird upped their price target on AMETEK from $166.00 to $186.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $197.86.

AMETEK 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.