Brown Brothers Harriman & Co. Cuts Holdings in AMETEK, Inc. (NYSE:AME)

Brown Brothers Harriman & Co. lessened its stake in AMETEK, Inc. (NYSE:AME) by 1.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,294 shares of the technology company’s stock after selling 94 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in AMETEK were worth $1,081,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Family Firm Inc. acquired a new position in shares of AMETEK during the second quarter worth $39,000. Industrial Alliance Investment Management Inc. acquired a new position in shares of AMETEK during the 2nd quarter worth about $42,000. Princeton Global Asset Management LLC acquired a new position in shares of AMETEK during the 3rd quarter worth about $44,000. Crewe Advisors LLC increased its holdings in shares of AMETEK by 168.8% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock valued at $49,000 after acquiring an additional 184 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in shares of AMETEK during the 2nd quarter worth about $50,000. 87.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AMETEK

In related news, 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 sale, the insider now owns 36,731 shares in the company, valued at $7,015,253.69. This represents a 14.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Tony J. Ciampitti sold 16,210 shares of AMETEK stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total value of $3,193,532.10. Following the transaction, the insider now directly owns 49,490 shares of the company’s stock, valued at approximately $9,750,024.90. This represents a 24.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,913 shares of company stock valued at $4,636,404. 0.61% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. TD Cowen downgraded shares of AMETEK from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. KeyCorp lifted their price target on AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada lowered their price target on AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $199.29.

AMETEK Stock Up 0.0 %

AME stock opened at $197.13 on Wednesday. AMETEK, Inc. has a one year low of $149.03 and a one year high of $198.33. 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 fifty day moving average of $177.61 and a 200-day moving average of $171.09. The stock has a market capitalization of $45.60 billion, a PE ratio of 34.34, a price-to-earnings-growth ratio of 3.22 and a beta of 1.16.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the firm earned $1.64 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year. As a group, analysts expect that AMETEK, Inc. will post 6.8 EPS for the current year.

AMETEK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Friday, December 6th. AMETEK’s dividend payout ratio is presently 19.51%.

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.