Franklin Resources Inc. increased its stake in shares of AMETEK, Inc. (NYSE:AME) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,099,327 shares of the technology company’s stock after acquiring an additional 4,159 shares during the quarter. Franklin Resources Inc. owned about 0.47% of AMETEK worth $86,979,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in AME. Point72 Asset Management L.P. increased its stake in AMETEK by 67.6% in the second quarter. Point72 Asset Management L.P. now owns 125,700 shares of the technology company’s stock valued at $9,071,000 after purchasing an additional 50,700 shares during the period. Teacher Retirement System of Texas increased its stake in AMETEK by 9.9% in the second quarter. Teacher Retirement System of Texas now owns 229,597 shares of the technology company’s stock valued at $16,568,000 after purchasing an additional 20,642 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in AMETEK by 92.6% in the second quarter. Dynamic Technology Lab Private Ltd now owns 18,202 shares of the technology company’s stock valued at $1,313,000 after purchasing an additional 8,749 shares during the period. Verition Fund Management LLC increased its stake in AMETEK by 208.1% in the second quarter. Verition Fund Management LLC now owns 25,291 shares of the technology company’s stock valued at $1,825,000 after purchasing an additional 17,082 shares during the period. Finally, Global X Management Co LLC increased its stake in AMETEK by 23.2% in the second quarter. Global X Management Co LLC now owns 7,584 shares of the technology company’s stock valued at $547,000 after purchasing an additional 1,426 shares during the period. Hedge funds and other institutional investors own 84.63% of the company’s stock.

In other news, Director Elizebeth R. Varet sold 1,500 shares of the business’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $78.10, for a total transaction of $117,150.00. Following the transaction, the director now directly owns 4,148 shares in the company, valued at $323,958.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP William Joseph Burke sold 15,600 shares of the business’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $80.00, for a total transaction of $1,248,000.00. Following the transaction, the vice president now owns 68,289 shares in the company, valued at $5,463,120. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,925 shares of company stock worth $4,117,580. Company insiders own 2.10% of the company’s stock.

Shares of AMETEK stock opened at $72.08 on Thursday. AMETEK, Inc. has a 52-week low of $64.91 and a 52-week high of $81.92. The company has a current ratio of 2.06, a quick ratio of 1.42 and a debt-to-equity ratio of 0.41. The stock has a market cap of $16.73 billion, a PE ratio of 27.62, a PEG ratio of 1.97 and a beta of 1.32.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Thursday, November 1st. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. AMETEK had a net margin of 17.06% and a return on equity of 17.08%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the business posted $0.66 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. Equities analysts anticipate that AMETEK, Inc. will post 3.27 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, December 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.78%. AMETEK’s dividend payout ratio (DPR) is 21.46%.

AME has been the topic of a number of recent research reports. BMO Capital Markets dropped their price objective on shares of AMETEK from $93.00 to $91.00 and set an “outperform” rating on the stock in a research note on Friday, November 2nd. Morgan Stanley dropped their price objective on shares of AMETEK from $84.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Monday, November 5th. Robert W. Baird lifted their price objective on shares of AMETEK from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, November 2nd. ValuEngine lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. Finally, Cowen restated a “buy” rating and issued a $85.00 price objective on shares of AMETEK in a research note on Sunday, August 12th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. AMETEK has an average rating of “Buy” and an average target price of $87.00.

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AMETEK 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.

See Also: Diversification

Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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