AMETEK, Inc. (NYSE:AME) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC grew its position in AMETEK, Inc. (NYSE:AME - Free Report) by 9.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,678 shares of the technology company's stock after purchasing an additional 3,041 shares during the quarter. Townsquare Capital LLC's holdings in AMETEK were worth $6,126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Family Firm Inc. purchased a new stake in AMETEK during the second quarter valued at about $39,000. Industrial Alliance Investment Management Inc. purchased a new position in shares of AMETEK in the second quarter worth approximately $42,000. Princeton Global Asset Management LLC purchased a new position in shares of AMETEK during the 3rd quarter valued at $44,000. Crewe Advisors LLC raised its holdings in AMETEK by 168.8% during the second quarter. Crewe Advisors LLC now owns 293 shares of the technology company's stock valued at $49,000 after buying an additional 184 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new position in shares of AMETEK in the second quarter worth about $50,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Trading Down 0.4 %

AME stock traded down $0.69 during mid-day trading on Friday, reaching $194.41. The company had a trading volume of 1,098,721 shares, compared to its average volume of 1,154,010. AMETEK, Inc. has a 12 month low of $149.03 and a 12 month high of $198.33. The company has a market capitalization of $44.97 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 3.18 and a beta of 1.16. The firm has a 50 day moving average of $178.58 and a 200 day moving average of $171.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84.

AMETEK (NYSE:AME - Get Free Report) last announced its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm earned $1.64 earnings per share. AMETEK's revenue was up 5.3% compared to the same quarter last year. On average, equities analysts predict that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Friday, December 6th. AMETEK's dividend payout ratio (DPR) is presently 19.51%.

Analysts Set New Price Targets

AME has been the subject of several analyst reports. Wolfe Research raised shares of AMETEK to a "hold" rating in a report on Wednesday, September 18th. KeyCorp raised their target price on shares of AMETEK from $205.00 to $215.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Mizuho boosted their price objective on shares of AMETEK from $190.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Royal Bank of Canada dropped their target price on shares of AMETEK from $216.00 to $215.00 and set an "outperform" rating for the company in a report on Friday, August 2nd. Finally, Robert W. Baird lifted their price objective on AMETEK from $166.00 to $186.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $199.29.

Insider Activity

In related news, insider Emanuela Speranza sold 6,747 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $195.90, for a total value of $1,321,737.30. Following the transaction, the insider now directly owns 30,460 shares in the company, valued at approximately $5,967,114. This represents a 18.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tony J. Ciampitti sold 16,210 shares of the business's 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 completion of the sale, the insider now directly owns 49,490 shares in the company, valued at $9,750,024.90. This trade represents a 24.67 % 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 ninety days. Company insiders own 0.61% of the company's stock.

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.