Swedbank AB Increases Holdings in AMETEK, Inc. (NYSE:AME)

Swedbank AB lifted its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,517 shares of the technology company's stock after purchasing an additional 2,659 shares during the period. Swedbank AB's holdings in AMETEK were worth $12,108,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Czech National Bank lifted its holdings in AMETEK by 8.6% during the second quarter. Czech National Bank now owns 44,108 shares of the technology company's stock worth $7,353,000 after acquiring an additional 3,499 shares during the period. CWM LLC raised its position in AMETEK by 53.9% in the second quarter. CWM LLC now owns 10,594 shares of the technology company's stock worth $1,766,000 after acquiring an additional 3,711 shares during the period. Cetera Investment Advisers boosted its stake in AMETEK by 573.2% in the first quarter. Cetera Investment Advisers now owns 59,754 shares of the technology company's stock valued at $10,929,000 after acquiring an additional 50,878 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of AMETEK by 68.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 152,132 shares of the technology company's stock valued at $25,362,000 after acquiring an additional 61,677 shares during the period. Finally, Sawgrass Asset Management LLC raised its holdings in shares of AMETEK by 36.5% in the 3rd quarter. Sawgrass Asset Management LLC now owns 74,757 shares of the technology company's stock worth $12,837,000 after purchasing an additional 20,001 shares during the period. 87.43% of the stock is owned by institutional investors.

Insider Transactions at AMETEK

In other AMETEK news, insider Tony J. Ciampitti sold 16,210 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total value of $3,193,532.10. Following the completion of the sale, the insider now owns 49,490 shares in the company, valued at approximately $9,750,024.90. This represents a 24.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David F. Hermance sold 6,243 shares of the stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders sold 23,913 shares of company stock worth $4,636,404 over the last three months. 0.61% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AME shares. TD Cowen downgraded AMETEK from a "hold" rating to a "sell" rating in a research report on Monday, October 7th. KeyCorp upped their price objective on shares of AMETEK from $205.00 to $215.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Redburn Atlantic upgraded shares of AMETEK to a "strong-buy" rating in a research note on Friday, August 2nd. Royal Bank of Canada dropped their price target on shares of AMETEK from $216.00 to $215.00 and set an "outperform" rating on the stock in a research note on Friday, August 2nd. Finally, Truist Financial boosted their target price on shares of AMETEK from $219.00 to $221.00 and gave the company a "buy" rating in a report on Friday, November 1st. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, AMETEK has an average rating of "Moderate Buy" and a consensus price target of $199.29.

AMETEK Stock Up 0.0 %

Shares of AMETEK stock opened at $197.13 on Wednesday. AMETEK, Inc. has a 1 year low of $149.03 and a 1 year high of $198.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. The company has a 50-day moving average of $177.61 and a 200 day moving average of $171.09. The firm has a market cap of $45.60 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 3.22 and a beta of 1.16.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.64 earnings per share. As a group, sell-side analysts anticipate that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 annualized dividend and a dividend yield of 0.57%. AMETEK's dividend payout ratio (DPR) is presently 19.51%.

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.