AMETEK, Inc. $AME Stake Lowered by Janus Henderson Group PLC

Janus Henderson Group PLC cut its stake in AMETEK, Inc. (NYSE:AME) by 19.6% during the first quarter, HoldingsChannel reports. The fund owned 321,113 shares of the technology company’s stock after selling 78,040 shares during the quarter. Janus Henderson Group PLC’s holdings in AMETEK were worth $68,817,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new position in AMETEK in the second quarter valued at about $25,000. CoreCap Advisors LLC raised its stake in shares of AMETEK by 84.3% during the 4th quarter. CoreCap Advisors LLC now owns 129 shares of the technology company’s stock worth $26,000 after purchasing an additional 59 shares in the last quarter. MV Capital Management Inc. bought a new stake in shares of AMETEK in the 4th quarter valued at approximately $28,000. Brown Lisle Cummings Inc. increased its holdings in AMETEK by 878.6% in the first quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock worth $29,000 after buying an additional 123 shares during the last quarter. Finally, BOKF NA increased its holdings in AMETEK by 137.7% in the fourth quarter. BOKF NA now owns 145 shares of the technology company’s stock worth $30,000 after buying an additional 84 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Trading Up 0.9%

Shares of AME stock opened at $242.19 on Friday. AMETEK, Inc. has a 12 month low of $179.24 and a 12 month high of $244.97. The company has a market cap of $55.51 billion, a PE ratio of 36.58, a price-to-earnings-growth ratio of 3.39 and a beta of 0.99. The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $233.57 and its two-hundred day moving average is $228.52.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Thursday, April 30th. The technology company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.07. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.91 billion. AMETEK had a net margin of 20.11% and a return on equity of 16.63%. AMETEK’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.75 earnings per share. Equities analysts predict that AMETEK, Inc. will post 8.14 EPS for the current year.

AMETEK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, June 15th. AMETEK’s dividend payout ratio (DPR) is 20.54%.

Analyst Upgrades and Downgrades

AME has been the subject of a number of analyst reports. Royal Bank Of Canada lifted their target price on shares of AMETEK from $259.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Mizuho set a $270.00 price target on shares of AMETEK in a research note on Friday, May 1st. Citigroup began coverage on shares of AMETEK in a report on Monday, June 15th. They set a “neutral” rating and a $257.00 price target on the stock. Robert W. Baird set a $244.00 price objective on shares of AMETEK in a research note on Friday, May 1st. Finally, Rothschild & Co Redburn set a $265.00 target price on shares of AMETEK in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $256.29.

AMETEK Company Profile

AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.

The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.