Silvant Capital Management LLC Trims Holdings in AMETEK, Inc. (NYSE:AME)

Silvant Capital Management LLC reduced its holdings in shares of AMETEK, Inc. (NYSE:AME) by 51.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 18,692 shares of the technology company’s stock after selling 19,945 shares during the period. Silvant Capital Management LLC’s holdings in AMETEK were worth $3,210,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings in shares of AMETEK by 7.3% during the first quarter. EverSource Wealth Advisors LLC now owns 899 shares of the technology company’s stock worth $157,000 after buying an additional 61 shares during the last quarter. MorganRosel Wealth Management LLC increased its holdings in shares of AMETEK by 1.6% in the second quarter. MorganRosel Wealth Management LLC now owns 3,886 shares of the technology company’s stock valued at $648,000 after purchasing an additional 61 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake in shares of AMETEK by 4.8% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,340 shares of the technology company’s stock worth $224,000 after purchasing an additional 61 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of AMETEK by 2.4% during the second quarter. First Horizon Advisors Inc. now owns 2,639 shares of the technology company’s stock worth $440,000 after purchasing an additional 62 shares during the period. Finally, Checchi Capital Advisers LLC grew its position in AMETEK by 2.9% in the 2nd quarter. Checchi Capital Advisers LLC now owns 2,225 shares of the technology company’s stock valued at $371,000 after buying an additional 63 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AMETEK

In other AMETEK news, Director Steven W. Kohlhagen sold 1,460 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 23,349 shares in the company, valued at approximately $4,006,454.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.61% of the company’s stock.

AMETEK Trading Down 2.7 %

Shares of AME opened at $178.43 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.26 and a quick ratio of 0.76. AMETEK, Inc. has a 1-year low of $141.26 and a 1-year high of $186.32. The stock has a market cap of $41.31 billion, a price-to-earnings ratio of 31.09, a price-to-earnings-growth ratio of 2.77 and a beta of 1.17. The firm has a 50 day simple moving average of $169.17 and a 200-day simple moving average of $168.99.

AMETEK (NYSE:AME) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.71 billion. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.64 earnings per share. Equities analysts forecast that AMETEK, Inc. will post 6.76 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Monday, September 16th. AMETEK’s dividend payout ratio is presently 19.51%.

Analyst Ratings Changes

A number of equities analysts have commented on AME shares. Royal Bank of Canada cut their price objective on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Robert W. Baird dropped their target price on AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Redburn Atlantic raised AMETEK to a “strong-buy” rating in a report on Friday, August 2nd. Finally, Mizuho upped their price objective on AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.00.

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.