AMETEK, Inc. (NYSE:AME) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 51.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,614 shares of the technology company's stock after purchasing an additional 4,974 shares during the quarter. Quantinno Capital Management LP's holdings in AMETEK were worth $2,509,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AME. Bank of New York Mellon Corp lifted its stake 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 worth $600,615,000 after purchasing an additional 926,657 shares in the last quarter. Meridiem Investment Management Ltd. purchased a new stake in AMETEK in the 3rd quarter worth $130,579,000. Principal Financial Group Inc. lifted its stake 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 worth $288,526,000 after purchasing an additional 703,501 shares in the last quarter. D1 Capital Partners L.P. purchased a new stake in AMETEK in the 3rd quarter worth $79,782,000. Finally, James Hambro & Partners LLP purchased a new stake in AMETEK in the 3rd quarter worth $60,188,000. Hedge funds and other institutional investors own 87.43% of the company's stock.

AMETEK Trading Up 0.3 %

AMETEK stock traded up $0.49 during midday trading on Wednesday, reaching $189.09. The stock had a trading volume of 336,845 shares, compared to its average volume of 1,150,878. 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 52-week low of $149.03 and a 52-week high of $198.33. The firm has a market cap of $43.74 billion, a price-to-earnings ratio of 32.86, a price-to-earnings-growth ratio of 3.13 and a beta of 1.15. The company has a fifty day moving average of $181.68 and a 200 day moving average of $172.62.

AMETEK (NYSE:AME - Get Free Report) last posted 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 company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the company posted $1.64 EPS. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts anticipate that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid 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 yield of 0.59%. AMETEK's dividend payout ratio is currently 19.51%.

Insiders Place Their Bets

In other news, insider Tony J. Ciampitti sold 16,210 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the transaction, the insider now directly owns 49,490 shares in the company, valued at approximately $9,750,024.90. This trade represents a 24.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven W. Kohlhagen sold 1,460 shares of the 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 transaction, the director now owns 23,349 shares in the company, valued at approximately $4,006,454.91. This represents a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,660 shares of company stock worth $5,958,141 in the last three months. Corporate insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AME. TD Cowen cut shares of AMETEK from a "hold" rating to a "sell" rating in a research note on Monday, October 7th. Mizuho upped their target price on shares of AMETEK from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. StockNews.com upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a research report on Wednesday, December 4th. Wolfe Research upgraded shares of AMETEK to a "hold" rating in a research report on Wednesday, September 18th. Finally, Robert W. Baird upped their target price on shares of AMETEK from $166.00 to $186.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.