Robeco Institutional Asset Management B.V. Cuts Stock Holdings in AMETEK, Inc. (NYSE:AME)

Robeco Institutional Asset Management B.V. cut its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 31.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 24,896 shares of the technology company's stock after selling 11,552 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in AMETEK were worth $4,275,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AME. Czech National Bank raised its stake in shares of AMETEK by 8.6% in the 2nd quarter. Czech National Bank now owns 44,108 shares of the technology company's stock valued at $7,353,000 after buying an additional 3,499 shares in the last quarter. Duality Advisers LP purchased a new stake in AMETEK during the 1st quarter valued at about $1,676,000. CWM LLC boosted its stake in shares of AMETEK by 53.9% in the 2nd quarter. CWM LLC now owns 10,594 shares of the technology company's stock worth $1,766,000 after buying an additional 3,711 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of AMETEK by 3.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 258,677 shares of the technology company's stock valued at $47,312,000 after buying an additional 8,189 shares during the period. Finally, Swedbank AB purchased a new position in shares of AMETEK during the first quarter worth $3,833,000. Institutional investors and hedge funds own 87.43% of the company's stock.

AMETEK Stock Up 1.0 %

Shares of NYSE AME traded up $1.97 during mid-day trading on Friday, reaching $190.92. 832,913 shares of the company traded hands, compared to its average volume of 1,146,481. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. The company's fifty day moving average is $170.91 and its two-hundred day moving average is $169.29. The stock has a market cap of $44.16 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 2.94 and a beta of 1.16. AMETEK, Inc. has a fifty-two week low of $147.12 and a fifty-two week high of $192.20.

AMETEK (NYSE:AME - Get Free Report) last released its earnings results on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. The firm had revenue of $1.71 billion for 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 business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $1.64 EPS. On average, analysts expect that AMETEK, Inc. will post 6.81 earnings per share for the current year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Friday, December 6th. AMETEK's payout ratio is 19.51%.

Insider Buying and Selling

In other AMETEK news, 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 value of $250,521.40. Following the transaction, the director now directly owns 23,349 shares of the company's stock, valued at approximately $4,006,454.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AME has been the subject of a number of recent research reports. StockNews.com raised AMETEK from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Robert W. Baird raised their price target on AMETEK from $166.00 to $186.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Royal Bank of Canada decreased their price target on AMETEK from $216.00 to $215.00 and set an "outperform" rating on the stock in a research report on Friday, August 2nd. Truist Financial raised their price target 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. Finally, Redburn Atlantic upgraded shares of AMETEK to a "strong-buy" rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, AMETEK presently has an average rating of "Moderate Buy" and a consensus target price of $197.86.

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.