1,192 Shares in AMETEK, Inc. (NYSE:AME) Purchased by Guerra Pan Advisors LLC

Guerra Pan Advisors LLC bought a new position in shares of AMETEK, Inc. (NYSE:AME) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,192 shares of the technology company’s stock, valued at approximately $205,000.

Other hedge funds have also recently modified their holdings of the company. Norden Group LLC bought a new stake in AMETEK during the first quarter worth $251,000. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of AMETEK by 4.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 14,588 shares of the technology company’s stock worth $2,668,000 after buying an additional 683 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of AMETEK by 14.7% in the 1st quarter. Empowered Funds LLC now owns 9,064 shares of the technology company’s stock worth $1,658,000 after buying an additional 1,162 shares during the last quarter. SG Americas Securities LLC grew its position in AMETEK by 147.4% during the first quarter. SG Americas Securities LLC now owns 34,096 shares of the technology company’s stock valued at $6,236,000 after buying an additional 20,312 shares during the period. Finally, Forsta AP Fonden increased its holdings in AMETEK by 14.6% during the first quarter. Forsta AP Fonden now owns 46,200 shares of the technology company’s stock worth $8,450,000 after buying an additional 5,900 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.

AMETEK Stock Performance

NYSE:AME opened at $190.92 on Friday. AMETEK, Inc. has a 52-week low of $147.12 and a 52-week high of $192.20. The business’s fifty day moving average is $170.91 and its 200 day moving average is $169.29. 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 firm has a market cap of $44.16 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 3.10 and a beta of 1.16.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.64 earnings per share. Research analysts predict that AMETEK, Inc. will post 6.81 EPS for the current year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Friday, December 6th. AMETEK’s payout ratio is 19.51%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AME shares. Robert W. Baird increased their target price on shares of AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. StockNews.com raised AMETEK from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Redburn Atlantic raised AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. Wolfe Research raised AMETEK to a “hold” rating in a research report on Wednesday, September 18th. Finally, Mizuho lifted their price objective on AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $197.86.

Insider Activity

In other AMETEK news, Director Steven W. Kohlhagen sold 1,460 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total value of $250,521.40. Following the sale, the director now owns 23,349 shares of the company’s stock, valued at $4,006,454.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.61% of the company’s stock.

AMETEK 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.