Martin Investment Management LLC Has $7.35 Million Position in AMETEK, Inc. (NYSE:AME)

Martin Investment Management LLC raised its stake in shares of AMETEK, Inc. (NYSE:AME) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,791 shares of the technology company’s stock after purchasing an additional 974 shares during the period. AMETEK accounts for 1.8% of Martin Investment Management LLC’s portfolio, making the stock its 22nd largest holding. Martin Investment Management LLC’s holdings in AMETEK were worth $7,348,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of AME. JPMorgan Chase & Co. raised its holdings in AMETEK by 48.4% in the 1st quarter. JPMorgan Chase & Co. now owns 7,075,565 shares of the technology company’s stock worth $1,294,121,000 after acquiring an additional 2,306,535 shares during the period. Bank of New York Mellon Corp increased its stake in shares of AMETEK by 34.6% in the second quarter. Bank of New York Mellon Corp now owns 3,602,753 shares of the technology company’s stock worth $600,615,000 after purchasing an additional 926,657 shares during the period. Meridiem Investment Management Ltd. acquired a new position in shares of AMETEK during the 3rd quarter worth about $130,579,000. Principal Financial Group Inc. boosted its stake in AMETEK by 256.3% during the 2nd quarter. Principal Financial Group Inc. now owns 976,808 shares of the technology company’s stock valued at $162,844,000 after purchasing an additional 702,674 shares during the period. Finally, James Hambro & Partners LLP acquired a new stake in AMETEK in the 3rd quarter valued at approximately $60,188,000. Institutional investors own 87.43% of the company’s stock.

AMETEK Stock Up 0.8 %

Shares of NYSE:AME opened at $179.92 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. The company has a market capitalization of $41.62 billion, a PE ratio of 31.34, a P/E/G ratio of 2.91 and a beta of 1.16. AMETEK, Inc. has a 52 week low of $141.65 and a 52 week high of $186.32. The company’s fifty day moving average is $169.41 and its 200-day moving average is $168.88.

AMETEK (NYSE:AME) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, topping 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 analyst estimates of $1.71 billion. During the same period in the prior year, the company earned $1.64 EPS. AMETEK’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities research analysts predict that AMETEK, Inc. will post 6.81 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.28 per share. The ex-dividend date was Monday, September 16th. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. AMETEK’s dividend payout ratio (DPR) is currently 19.51%.

Insider Activity at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,460 shares of AMETEK 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 sale, the director now directly owns 23,349 shares of the company’s stock, valued at approximately $4,006,454.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on AME shares. TD Cowen lowered AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. StockNews.com upgraded AMETEK from a “hold” rating to a “buy” rating in a research report on Monday. Wolfe Research upgraded AMETEK to a “hold” rating in a research report on Wednesday, September 18th. Redburn Atlantic raised AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. Finally, Robert W. Baird boosted their price target on shares of AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a report on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $197.86.

About AMETEK

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.