Janus Henderson Group PLC Has $51.77 Million Holdings in AMETEK, Inc. (NYSE:AME)

Janus Henderson Group PLC lowered its position in shares of AMETEK, Inc. (NYSE:AME) by 7.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 283,048 shares of the technology company’s stock after selling 22,077 shares during the quarter. Janus Henderson Group PLC’s holdings in AMETEK were worth $51,766,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of AMETEK by 11.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,669,394 shares of the technology company’s stock valued at $275,266,000 after acquiring an additional 167,602 shares during the period. Tyche Wealth Partners LLC acquired a new position in AMETEK in the 4th quarter valued at approximately $6,275,000. Cim LLC acquired a new position in AMETEK in the 4th quarter valued at approximately $1,254,000. Nomura Holdings Inc. acquired a new position in AMETEK in the 4th quarter valued at approximately $768,000. Finally, Duality Advisers LP acquired a new position in AMETEK in the 1st quarter valued at approximately $1,676,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a research note on Monday. Truist Financial decreased their target price on shares of AMETEK from $210.00 to $204.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Oppenheimer raised shares of AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 target price for the company in a research report on Wednesday, May 22nd. Finally, Robert W. Baird decreased their target price on shares of AMETEK from $173.00 to $171.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $181.20.

AMETEK Stock Performance

Shares of NYSE AME traded up $0.45 during trading hours on Tuesday, hitting $172.35. 878,335 shares of the stock were exchanged, compared to its average volume of 1,049,737. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 0.66. The company’s 50 day moving average is $169.52 and its 200 day moving average is $172.60. The firm has a market capitalization of $39.89 billion, a P/E ratio of 30.51, a P/E/G ratio of 2.77 and a beta of 1.18. AMETEK, Inc. has a one year low of $136.89 and a one year high of $186.32.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. AMETEK had a net margin of 19.57% and a return on equity of 17.74%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the prior year, the firm earned $1.49 EPS. The business’s revenue was up 9.0% on a year-over-year basis. On average, research analysts expect that AMETEK, Inc. will post 6.81 EPS for the current year.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Friday, June 14th. AMETEK’s dividend payout ratio (DPR) is presently 19.68%.

Insider Buying and Selling at AMETEK

In other AMETEK news, Director Steven W. Kohlhagen sold 1,440 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $173.93, for a total value of $250,459.20. Following the completion of the sale, the director now directly owns 24,809 shares of the company’s stock, valued at approximately $4,315,029.37. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Steven W. Kohlhagen sold 1,440 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $173.93, for a total value of $250,459.20. Following the completion of the transaction, the director now owns 24,809 shares in the company, valued at approximately $4,315,029.37. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven W. Kohlhagen sold 1,470 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $170.20, for a total transaction of $250,194.00. Following the completion of the transaction, the director now owns 26,249 shares of the company’s stock, valued at approximately $4,467,579.80. 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.