Douglass Winthrop Advisors LLC acquired a new stake in shares of AMETEK, Inc. (NYSE:AME) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,125 shares of the technology company’s stock, valued at approximately $237,000.

Several other large investors have also recently bought and sold shares of AME. National Pension Service increased its holdings in shares of AMETEK by 0.9% during the 4th quarter. National Pension Service now owns 249,110 shares of the technology company’s stock valued at $18,053,000 after purchasing an additional 2,344 shares in the last quarter. Creative Planning increased its holdings in shares of AMETEK by 18.5% during the 4th quarter. Creative Planning now owns 6,411 shares of the technology company’s stock valued at $465,000 after purchasing an additional 999 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of AMETEK by 3.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 823,096 shares of the technology company’s stock valued at $59,650,000 after purchasing an additional 24,863 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of AMETEK by 66.6% during the 4th quarter. State of Alaska Department of Revenue now owns 34,062 shares of the technology company’s stock valued at $2,467,000 after purchasing an additional 13,620 shares in the last quarter. Finally, Catawba Capital Management VA purchased a new position in shares of AMETEK during the 4th quarter valued at approximately $208,000. 86.00% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Elizebeth R. Varet sold 3,000 shares of the company’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $78.03, for a total transaction of $234,090.00. Following the completion of the sale, the director now owns 111,880 shares of the company’s stock, valued at $8,729,996.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven W. Kohlhagen sold 5,000 shares of the company’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $78.31, for a total transaction of $391,550.00. Following the sale, the director now directly owns 49,298 shares of the company’s stock, valued at approximately $3,860,526.38. The disclosure for this sale can be found here. In the last three months, insiders sold 36,965 shares of company stock valued at $2,893,243. 2.10% of the stock is owned by insiders.

Several research firms have recently weighed in on AME. Zacks Investment Research raised shares of AMETEK from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Tuesday. Morgan Stanley lifted their target price on shares of AMETEK from $76.00 to $79.00 and gave the company an “equal weight” rating in a report on Thursday, May 3rd. BMO Capital Markets lifted their target price on shares of AMETEK from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday, May 3rd. DA Davidson began coverage on shares of AMETEK in a report on Thursday, April 12th. They set a “buy” rating and a $85.00 target price for the company. Finally, ValuEngine raised shares of AMETEK from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $82.00.

Shares of AMETEK opened at $75.33 on Friday, according to Marketbeat.com. The firm has a market capitalization of $17.35 billion, a P/E ratio of 26.85, a P/E/G ratio of 2.40 and a beta of 1.27. The company has a quick ratio of 1.18, a current ratio of 1.69 and a debt-to-equity ratio of 0.45. AMETEK, Inc. has a one year low of $74.09 and a one year high of $74.50.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Wednesday, May 2nd. The technology company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. AMETEK had a net margin of 16.21% and a return on equity of 16.64%. The firm’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. equities research analysts expect that AMETEK, Inc. will post 3.12 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.74%. The ex-dividend date is Thursday, June 14th. AMETEK’s payout ratio is presently 21.46%.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. Its Electronic Instruments Group segment offers advanced instruments for the process, power and industrial, and aerospace markets; process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage markets; and instruments for the laboratory equipment, ultraprecision manufacturing, medical, and test and measurement markets.

Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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