AMETEK, Inc. (NYSE:AME) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of AMETEK, Inc. (NYSE:AMEGet Rating) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,108,505 shares of the technology company’s stock after acquiring an additional 27,803 shares during the period. Charles Schwab Investment Management Inc. owned 0.48% of AMETEK worth $162,994,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CVA Family Office LLC acquired a new stake in shares of AMETEK during the fourth quarter valued at $25,000. Industrial Alliance Investment Management Inc. acquired a new stake in AMETEK in the 4th quarter worth about $35,000. Consolidated Planning Corp acquired a new stake in AMETEK in the 3rd quarter worth about $38,000. Missouri Trust & Investment Co acquired a new stake in AMETEK in the 4th quarter worth about $48,000. Finally, Assetmark Inc. boosted its stake in AMETEK by 93.7% in the 3rd quarter. Assetmark Inc. now owns 492 shares of the technology company’s stock worth $61,000 after buying an additional 238 shares during the last quarter. 86.72% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Thomas A. Amato sold 615 shares of AMETEK stock in a transaction that occurred on Monday, March 28th. The stock was sold at an average price of $133.03, for a total value of $81,813.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony James Conti sold 5,160 shares of AMETEK stock in a transaction that occurred on Friday, March 25th. The stock was sold at an average price of $133.37, for a total value of $688,189.20. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

AME has been the topic of several research analyst reports. StockNews.com initiated coverage on AMETEK in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research raised AMETEK from a “sell” rating to a “hold” rating and set a $134.00 price objective on the stock in a research note on Tuesday, April 19th. KeyCorp reduced their price objective on AMETEK from $155.00 to $145.00 in a research note on Wednesday, May 4th. Finally, Robert W. Baird reduced their price objective on AMETEK from $156.00 to $140.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 10th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, AMETEK currently has an average rating of “Buy” and a consensus target price of $147.60.

AME stock opened at $117.36 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.43 and a debt-to-equity ratio of 0.32. AMETEK, Inc. has a 52-week low of $114.37 and a 52-week high of $148.07. The stock’s 50 day moving average is $128.20 and its two-hundred day moving average is $134.38. The company has a market capitalization of $27.10 billion, a PE ratio of 26.20, a P/E/G ratio of 2.29 and a beta of 1.26.

AMETEK (NYSE:AMEGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The technology company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.06. AMETEK had a return on equity of 17.82% and a net margin of 18.02%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the business earned $1.07 EPS. AMETEK’s revenue for the quarter was up 20.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that AMETEK, Inc. will post 5.43 EPS for the current year.

AMETEK declared that its board has initiated a share buyback plan on Friday, May 6th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 10th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $0.88 annualized dividend and a yield of 0.75%. AMETEK’s dividend payout ratio is presently 19.64%.

About AMETEK (Get Rating)

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. It operates in two segments, Electronic Instruments (EIG) and Electromechanical (EMG). 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; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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