NFJ Investment Group LLC Acquires 23,517 Shares of AMETEK, Inc. (NYSE:AME)

NFJ Investment Group LLC increased its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 102.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,377 shares of the technology company's stock after buying an additional 23,517 shares during the period. NFJ Investment Group LLC's holdings in AMETEK were worth $7,963,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of AME. Czech National Bank increased its holdings in shares of AMETEK by 8.6% during the second quarter. Czech National Bank now owns 44,108 shares of the technology company's stock valued at $7,353,000 after acquiring an additional 3,499 shares in the last quarter. CWM LLC raised its holdings 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 purchasing an additional 3,711 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of AMETEK by 68.2% in the second quarter. Assenagon Asset Management S.A. now owns 152,132 shares of the technology company's stock valued at $25,362,000 after purchasing an additional 61,677 shares during the last quarter. Sawgrass Asset Management LLC raised its holdings in shares of AMETEK by 36.5% in the third quarter. Sawgrass Asset Management LLC now owns 74,757 shares of the technology company's stock valued at $12,837,000 after purchasing an additional 20,001 shares during the last quarter. Finally, Annex Advisory Services LLC purchased a new stake in shares of AMETEK in the second quarter valued at about $834,000. Institutional investors own 87.43% of the company's stock.

AMETEK Trading Up 0.1 %

Shares of AME traded up $0.22 during mid-day trading on Wednesday, reaching $194.55. The company's stock had a trading volume of 431,247 shares, compared to its average volume of 1,153,015. The stock has a market cap of $45.00 billion, a PE ratio of 33.86, a P/E/G ratio of 3.19 and a beta of 1.15. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. AMETEK, Inc. has a 52 week low of $149.03 and a 52 week high of $198.33. The company's fifty day moving average price is $180.01 and its two-hundred day moving average price is $172.02.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings data 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 net margin of 19.27% and a return on equity of 16.88%. The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the business posted $1.64 EPS. The business's quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts predict that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AME shares. Robert W. Baird raised their price objective on shares of AMETEK from $166.00 to $186.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Truist Financial lifted their target price on shares of AMETEK from $219.00 to $221.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. KeyCorp raised their price objective on shares of AMETEK from $205.00 to $215.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. TD Cowen lowered shares of AMETEK from a "hold" rating to a "sell" rating in a research report on Monday, October 7th. Finally, StockNews.com lowered shares of AMETEK from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. One 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $199.29.

Insider Buying and Selling

In other AMETEK news, insider David F. Hermance sold 6,243 shares of the business'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 transaction, the insider now directly owns 36,731 shares of the company's stock, valued at approximately $7,015,253.69. The trade was a 14.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven W. Kohlhagen sold 1,460 shares of the business'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 transaction, the director now directly owns 23,349 shares in the company, valued at approximately $4,006,454.91. The trade was a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,660 shares of company stock valued at $5,958,141 over the last three months. 0.61% of the stock is owned by company 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.