Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Increases Holdings in AMETEK, Inc. (NYSE:AME)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in AMETEK, Inc. (NYSE:AMEFree Report) by 9.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 212,165 shares of the technology company’s stock after purchasing an additional 18,141 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned about 0.09% of AMETEK worth $31,350,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AME. Cambridge Investment Research Advisors Inc. grew its position in shares of AMETEK by 9.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,306 shares of the technology company’s stock valued at $573,000 after purchasing an additional 376 shares in the last quarter. Lord Abbett & CO. LLC grew its position in shares of AMETEK by 12.7% in the first quarter. Lord Abbett & CO. LLC now owns 84,481 shares of the technology company’s stock valued at $11,251,000 after purchasing an additional 9,510 shares in the last quarter. Prudential PLC purchased a new position in shares of AMETEK in the first quarter valued at $591,000. Cetera Investment Advisers grew its position in shares of AMETEK by 45.1% in the first quarter. Cetera Investment Advisers now owns 2,974 shares of the technology company’s stock valued at $396,000 after purchasing an additional 924 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of AMETEK by 41.7% in the first quarter. Sequoia Financial Advisors LLC now owns 2,379 shares of the technology company’s stock valued at $316,000 after purchasing an additional 700 shares in the last quarter. 85.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Steven W. Kohlhagen sold 810 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $155.09, for a total value of $125,622.90. Following the completion of the sale, the director now owns 29,454 shares of the company’s stock, valued at approximately $4,568,020.86. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on AME shares. TD Cowen cut AMETEK from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $165.00 to $160.00 in a research report on Monday, November 27th. Royal Bank of Canada boosted their target price on AMETEK from $183.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. StockNews.com upgraded AMETEK from a “hold” rating to a “buy” rating in a research report on Wednesday, January 10th. Finally, BNP Paribas started coverage on AMETEK in a research report on Thursday, October 5th. They set a “neutral” rating and a $159.00 target price for the company. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $173.25.

View Our Latest Stock Analysis on AMETEK

AMETEK Trading Up 0.3 %

Shares of AME stock opened at $165.89 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.86 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $161.12 and a two-hundred day moving average price of $155.57. AMETEK, Inc. has a 12-month low of $131.52 and a 12-month high of $166.65. The firm has a market cap of $38.29 billion, a P/E ratio of 30.05, a price-to-earnings-growth ratio of 2.53 and a beta of 1.21.

AMETEK (NYSE:AMEGet Free Report) last issued its quarterly earnings results on Tuesday, October 31st. The technology company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.06. AMETEK had a return on equity of 18.19% and a net margin of 19.68%. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. Equities analysts anticipate that AMETEK, Inc. will post 6.33 EPS for the current fiscal year.

AMETEK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Thursday, December 7th. AMETEK’s dividend payout ratio (DPR) is presently 18.12%.

AMETEK Profile

(Free Report)

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. It operates in two segments, Electronic Instruments (EIG) and Electromechanical (EMG). The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets.Its EMG segment offers engineered electrical connectors and electronics packaging to protect sensitive devices and mission-critical electronics; precision motion control products for data storage, medical devices, business equipment, automation, and other applications; high-purity powdered metals, strips and foils, specialty clad metals, and metal matrix composites; motor-blower systems and heat exchangers for use in thermal management, military, commercial aircraft, and military ground vehicles; and motors for use in commercial appliances, fitness equipment, food and beverage machines, hydraulic pumps, and industrial blowers.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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