Meeder Advisory Services Inc. Has $1.09 Million Stock Position in AMETEK, Inc. (NYSE:AME)

Meeder Advisory Services Inc. lowered its position in shares of AMETEK, Inc. (NYSE:AME) by 11.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,349 shares of the technology company’s stock after selling 812 shares during the quarter. Meeder Advisory Services Inc.’s holdings in AMETEK were worth $1,090,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Family Firm Inc. acquired a new stake in AMETEK during the 2nd quarter valued at $39,000. Industrial Alliance Investment Management Inc. purchased a new position in shares of AMETEK during the second quarter valued at $42,000. Princeton Global Asset Management LLC acquired a new position in AMETEK during the third quarter valued at $44,000. Crewe Advisors LLC lifted its stake in AMETEK by 168.8% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock worth $49,000 after acquiring an additional 184 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in AMETEK during the 2nd quarter worth about $50,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Analyst Upgrades and Downgrades

AME has been the subject of a number of research analyst reports. TD Cowen lowered shares of AMETEK from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Wolfe Research upgraded shares of AMETEK to a “hold” rating in a research report on Wednesday, September 18th. Redburn Atlantic upgraded shares of AMETEK to a “strong-buy” rating in a report on Friday, August 2nd. Robert W. Baird increased their price objective on AMETEK from $166.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Mizuho boosted their target price on AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, AMETEK currently has an average rating of “Moderate Buy” and a consensus target price of $197.86.

AMETEK Price Performance

Shares of NYSE:AME opened at $193.24 on Tuesday. The stock has a market capitalization of $44.70 billion, a P/E ratio of 33.67, a P/E/G ratio of 3.15 and a beta of 1.16. The business has a 50-day moving average of $174.17 and a two-hundred day moving average of $169.97. AMETEK, Inc. has a fifty-two week low of $149.03 and a fifty-two week high of $196.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the business earned $1.64 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts predict that AMETEK, Inc. will post 6.81 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 0.58%. AMETEK’s dividend payout ratio (DPR) is presently 19.51%.

Insider Buying and Selling

In other AMETEK news, Director Steven W. Kohlhagen sold 1,460 shares of AMETEK stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total value of $250,521.40. Following the transaction, the director now directly owns 23,349 shares of the company’s stock, valued at $4,006,454.91. The trade was a 5.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David F. Hermance sold 6,243 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $190.99, for a total value of $1,192,350.57. Following the transaction, the insider now owns 36,731 shares of the company’s stock, valued at approximately $7,015,253.69. This trade represents a 14.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. 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; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.