Robeco Institutional Asset Management B.V. Purchases 9,441 Shares of AMETEK, Inc. (NYSE:AME)

Robeco Institutional Asset Management B.V. increased its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 37.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,337 shares of the technology company's stock after purchasing an additional 9,441 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in AMETEK were worth $6,190,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Creative Planning grew its position in AMETEK by 4.9% during the 2nd quarter. Creative Planning now owns 23,946 shares of the technology company's stock worth $3,992,000 after purchasing an additional 1,121 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in AMETEK in the 2nd quarter valued at about $2,472,000. Czech National Bank raised its stake in AMETEK by 6.9% during the 3rd quarter. Czech National Bank now owns 47,166 shares of the technology company's stock valued at $8,099,000 after acquiring an additional 3,058 shares during the last quarter. Biltmore Wealth Management LLC lifted its position in AMETEK by 2.6% during the 3rd quarter. Biltmore Wealth Management LLC now owns 4,913 shares of the technology company's stock worth $844,000 after acquiring an additional 126 shares during the period. Finally, Trivant Custom Portfolio Group LLC grew its stake in shares of AMETEK by 0.7% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 16,763 shares of the technology company's stock valued at $2,878,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company's stock.

Insiders Place Their Bets

In other AMETEK news, insider David F. Hermance sold 6,243 shares of AMETEK stock in a transaction on Friday, November 8th. The stock was sold at an average price of $190.99, for a total value of $1,192,350.57. Following the completion of the transaction, the insider now owns 36,731 shares in the company, 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 SEC, which can be accessed through this hyperlink. Also, insider Emanuela Speranza sold 6,747 shares of the firm's 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 directly owns 30,460 shares of the company's stock, valued at approximately $5,967,114. This represents a 18.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,200 shares of company stock valued at $5,707,620 over the last ninety days. Corporate insiders own 0.61% of the company's stock.

AMETEK Stock Performance

Shares of AME traded down $0.45 during midday trading on Wednesday, hitting $180.05. 2,095,315 shares of the stock traded hands, compared to its average volume of 1,391,740. The business's 50 day moving average price is $184.84 and its two-hundred day moving average price is $176.58. The firm has a market capitalization of $41.65 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 2.67 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. AMETEK, Inc. has a 1-year low of $149.03 and a 1-year high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.02. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.82 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The firm's quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the company posted $1.68 EPS. Equities research analysts predict that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Friday, December 6th. AMETEK's dividend payout ratio (DPR) is presently 19.51%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AME. StockNews.com raised shares of AMETEK from a "hold" rating to a "buy" rating in a report on Tuesday, January 28th. Robert W. Baird reduced their target price on AMETEK from $200.00 to $197.00 and set a "neutral" rating for the company in a report on Wednesday. KeyCorp upped their price target on shares of AMETEK from $205.00 to $215.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Mizuho raised their price objective on shares of AMETEK from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Bank of America raised AMETEK from a "neutral" rating to a "buy" rating and upped their target price for the company from $195.00 to $225.00 in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, AMETEK currently has a consensus rating of "Moderate Buy" and an average target price of $204.67.

AMETEK 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.