Duality Advisers LP Has $329,000 Position in AMETEK, Inc. (NYSE:AME)

Duality Advisers LP lowered its holdings in AMETEK, Inc. (NYSE:AMEGet Rating) by 81.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,903 shares of the technology company’s stock after selling 12,420 shares during the quarter. Duality Advisers LP’s holdings in AMETEK were worth $329,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Covestor Ltd grew its position in AMETEK by 84.3% in the 1st quarter. Covestor Ltd now owns 212 shares of the technology company’s stock valued at $28,000 after purchasing an additional 97 shares during the period. Allworth Financial LP grew its position in AMETEK by 73.5% in the 2nd quarter. Allworth Financial LP now owns 321 shares of the technology company’s stock valued at $35,000 after purchasing an additional 136 shares during the period. Zions Bancorporation N.A. lifted its stake in AMETEK by 726.5% during the 1st quarter. Zions Bancorporation N.A. now owns 281 shares of the technology company’s stock valued at $37,000 after acquiring an additional 247 shares in the last quarter. Clear Street Markets LLC lifted its stake in AMETEK by 407.4% during the 2nd quarter. Clear Street Markets LLC now owns 482 shares of the technology company’s stock valued at $53,000 after acquiring an additional 387 shares in the last quarter. Finally, CX Institutional bought a new position in AMETEK during the 2nd quarter valued at $59,000. Institutional investors and hedge funds own 85.42% of the company’s stock.

Insider Buying and Selling at AMETEK

In other AMETEK news, insider Thomas C. Marecic sold 10,000 shares of AMETEK stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $142.05, for a total transaction of $1,420,500.00. Following the completion of the transaction, the insider now owns 31,622 shares of the company’s stock, valued at approximately $4,491,905.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other AMETEK news, insider Thomas C. Marecic sold 10,000 shares of AMETEK stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $142.05, for a total transaction of $1,420,500.00. Following the completion of the transaction, the insider now owns 31,622 shares of the company’s stock, valued at approximately $4,491,905.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas C. Marecic sold 2,318 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $141.01, for a total value of $326,861.18. Following the transaction, the insider now directly owns 31,622 shares of the company’s stock, valued at approximately $4,459,018.22. The disclosure for this sale can be found here. Insiders sold 15,038 shares of company stock valued at $2,129,848 in the last quarter. 0.72% of the stock is currently owned by corporate insiders.

AMETEK Trading Up 0.7 %

Shares of AMETEK stock opened at $144.08 on Wednesday. AMETEK, Inc. has a 52-week low of $106.17 and a 52-week high of $147.01. The stock’s 50-day simple moving average is $141.09 and its 200 day simple moving average is $128.77. The stock has a market capitalization of $33.09 billion, a P/E ratio of 29.46, a P/E/G ratio of 2.54 and a beta of 1.22. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.53.

AMETEK (NYSE:AMEGet Rating) last announced its quarterly earnings data on Tuesday, November 1st. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.08. AMETEK had a return on equity of 18.40% and a net margin of 18.81%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the business posted $1.26 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, research analysts anticipate that AMETEK, Inc. will post 5.63 EPS for the current year.

AMETEK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 23rd. Shareholders of record on Wednesday, December 7th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Tuesday, December 6th. AMETEK’s payout ratio is presently 18.00%.

Analyst Ratings Changes

Several brokerages have weighed in on AME. KeyCorp raised their price objective on AMETEK from $145.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, November 21st. Morgan Stanley lifted their target price on AMETEK from $144.00 to $152.00 and gave the stock an “overweight” rating in a research note on Friday, January 6th. Mizuho lifted their target price on AMETEK from $145.00 to $153.00 and gave the stock a “buy” rating in a research note on Friday, January 13th. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research note on Thursday, January 5th. Finally, Royal Bank of Canada lifted their target price on AMETEK from $135.00 to $136.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 2nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.78.

AMETEK Company Profile

(Get Rating)

AMETEK, Inc engages in the manufacture of electronic instruments and electromechanical devices. It operates through the following two segments: Electronic Instruments and Electromechanical. The Electronic Instruments segment designs and manufactures advanced instruments for the process, aerospace, power and industrial markets.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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