Ontario Teachers Pension Plan Board Sells 8,005 Shares of AMETEK, Inc. (NYSE:AME)

Ontario Teachers Pension Plan Board decreased its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 53.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,085 shares of the technology company's stock after selling 8,005 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in AMETEK were worth $1,217,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AME. Price T Rowe Associates Inc. MD raised its holdings in shares of AMETEK by 0.7% during 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 period. Bank of New York Mellon Corp raised its stake in AMETEK by 34.6% during 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 during the period. Boston Partners lifted its holdings in shares of AMETEK by 3.0% in the first quarter. Boston Partners now owns 3,063,588 shares of the technology company's stock valued at $560,278,000 after purchasing an additional 90,271 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of AMETEK by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,882,166 shares of the technology company's stock valued at $313,777,000 after buying an additional 148,447 shares in the last quarter. Finally, Principal Financial Group Inc. raised 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 valued at $288,526,000 after buying an additional 703,501 shares during the period. Institutional investors and hedge funds own 87.43% of the company's stock.

AMETEK Stock Performance

Shares of NYSE:AME traded up $1.71 during trading on Thursday, reaching $195.04. The stock had a trading volume of 244,529 shares, compared to its average volume of 1,150,210. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $175.30 and a two-hundred day simple moving average of $170.32. The firm has a market capitalization of $45.11 billion, a price-to-earnings ratio of 33.68, a P/E/G ratio of 3.16 and a beta of 1.16. AMETEK, Inc. has a 52 week low of $149.03 and a 52 week high of $196.70.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. The company had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.64 earnings per share. As a group, analysts anticipate that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Announces Dividend

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. The ex-dividend date is Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.57%. AMETEK's payout ratio is 19.51%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AME. Robert W. Baird upped their target price on AMETEK from $166.00 to $186.00 and gave the company a "neutral" rating in a report on Monday, November 4th. TD Cowen downgraded shares of AMETEK from a "hold" rating to a "sell" rating in a research report on Monday, October 7th. Royal Bank of Canada lowered their price target on shares of AMETEK from $216.00 to $215.00 and set an "outperform" rating on the stock in a report on Friday, August 2nd. Mizuho increased 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. Finally, Wolfe Research upgraded AMETEK to a "hold" rating in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $197.86.

Insider Buying and Selling

In other AMETEK news, insider David F. Hermance sold 6,243 shares of the stock in a transaction dated 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 $7,015,253.69. This represents a 14.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 directly owns 23,349 shares of the company's stock, valued at approximately $4,006,454.91. This represents a 5.88 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is owned by company 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.