3,125 Shares in AMETEK, Inc. (AME) Acquired by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC purchased a new stake in shares of AMETEK, Inc. (NYSE:AME) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 3,125 shares of the technology company’s stock, valued at approximately $237,000.

Several other hedge funds have also recently made changes to their positions in AME. 180 Wealth Advisors LLC acquired a new position in shares of AMETEK during the 4th quarter valued at about $200,000. First Allied Advisory Services Inc. acquired a new position in shares of AMETEK during the 4th quarter valued at about $207,000. Catawba Capital Management VA acquired a new position in shares of AMETEK during the 4th quarter valued at about $208,000. D.A. Davidson & CO. acquired a new position in shares of AMETEK during the 4th quarter valued at about $210,000. Finally, Wetherby Asset Management Inc. acquired a new position in shares of AMETEK during the 1st quarter valued at about $210,000. 86.00% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on AME. Stifel Nicolaus reissued a “buy” rating and set a $92.00 price target on shares of AMETEK in a research report on Thursday, February 1st. KeyCorp boosted their price target on shares of AMETEK from $82.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. BMO Capital Markets boosted their price target on shares of AMETEK from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of AMETEK from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Monday, February 5th. Finally, Wells Fargo set a $88.00 target price on shares of AMETEK and gave the company a “buy” rating in a research report on Thursday, January 18th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $82.00.

In other news, Director Steven W. Kohlhagen sold 5,000 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $78.31, for a total transaction of $391,550.00. Following the sale, the director now owns 49,298 shares of the company’s stock, valued at $3,860,526.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Wesley Hardin sold 25,965 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $78.50, for a total transaction of $2,038,252.50. Following the sale, the insider now directly owns 85,663 shares in the company, valued at approximately $6,724,545.50. The disclosure for this sale can be found here. Insiders sold 36,965 shares of company stock worth $2,893,243 in the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

NYSE AME opened at $75.33 on Friday. AMETEK, Inc. has a 12 month low of $74.09 and a 12 month high of $74.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.18 and a current ratio of 1.69. The stock has a market capitalization of $17.35 billion, a price-to-earnings ratio of 26.85, a P/E/G ratio of 2.40 and a beta of 1.27.

AMETEK (NYSE:AME) last posted its earnings results on Wednesday, May 2nd. The technology company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.06. AMETEK had a net margin of 16.21% and a return on equity of 16.64%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. AMETEK’s revenue for the quarter was up 16.4% compared to the same quarter last year. analysts predict that AMETEK, Inc. will post 3.12 EPS for the current fiscal year.

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

About AMETEK

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.

Want to see what other hedge funds are holding AME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMETEK, Inc. (NYSE:AME).

Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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