AMETEK, Inc. (NYSE:AME) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 4.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,042 shares of the technology company's stock after buying an additional 3,108 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in AMETEK were worth $11,683,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp raised 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 valued at $600,615,000 after purchasing an additional 926,657 shares during the period. EdgePoint Investment Group Inc. raised its holdings in AMETEK by 87.9% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 1,964,236 shares of the technology company's stock valued at $337,279,000 after buying an additional 918,737 shares during the period. Meridiem Investment Management Ltd. bought a new stake in AMETEK in the third quarter worth $130,579,000. Principal Financial Group Inc. boosted its stake 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 period. Finally, D1 Capital Partners L.P. bought a new position in AMETEK during the third quarter valued at $79,782,000. Institutional investors own 87.43% of the company's stock.

AMETEK Stock Down 0.1 %

Shares of AME stock traded down $0.21 on Thursday, hitting $188.45. The stock had a trading volume of 774,243 shares, compared to its average volume of 1,150,722. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18. AMETEK, Inc. has a one year low of $149.03 and a one year high of $198.33. The business has a 50 day moving average price of $182.48 and a 200 day moving average price of $172.84. The company has a market cap of $43.59 billion, a PE ratio of 32.89, a P/E/G ratio of 3.13 and a beta of 1.15.

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 for the quarter, topping the consensus estimate 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 analysts' expectations of $1.71 billion. During the same quarter in the prior year, the company earned $1.64 EPS. The company's revenue was up 5.3% compared to the same quarter last year. Research analysts anticipate that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Announces Dividend

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 $0.28 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.59%. AMETEK's dividend payout ratio is presently 19.51%.

Insider Transactions at AMETEK

In related news, insider Emanuela Speranza sold 6,747 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total transaction 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. This represents a 18.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven W. Kohlhagen sold 1,460 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 23,349 shares of the company's stock, valued at approximately $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. In the last three months, insiders sold 30,660 shares of company stock valued at $5,958,141. Corporate insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AME shares. KeyCorp raised their target price on shares of AMETEK from $205.00 to $215.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Wolfe Research raised shares of AMETEK to a "hold" rating in a research note on Wednesday, September 18th. Truist Financial upped their target price on AMETEK from $219.00 to $221.00 and gave the company a "buy" rating in a research note on Friday, November 1st. StockNews.com raised AMETEK from a "hold" rating to a "buy" rating in a research note on Wednesday, December 4th. Finally, Mizuho upped their price objective on AMETEK from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, AMETEK currently has a consensus rating of "Moderate Buy" and an average target price of $199.29.

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.