Campbell & CO Investment Adviser LLC Has $477,000 Stock Position in AMETEK, Inc. (NYSE:AME)

Campbell & CO Investment Adviser LLC reduced its position in AMETEK, Inc. (NYSE:AMEFree Report) by 8.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,225 shares of the technology company’s stock after selling 293 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in AMETEK were worth $477,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in AME. Norges Bank acquired a new position in AMETEK during the fourth quarter valued at approximately $509,944,000. Price T Rowe Associates Inc. MD increased its holdings in shares of AMETEK by 643.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,953,131 shares of the technology company’s stock worth $552,332,000 after buying an additional 3,421,558 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of AMETEK by 39,681.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,827,569 shares of the technology company’s stock worth $255,348,000 after buying an additional 1,822,975 shares in the last quarter. Morgan Stanley increased its holdings in shares of AMETEK by 93.2% during the fourth quarter. Morgan Stanley now owns 3,678,094 shares of the technology company’s stock worth $513,903,000 after buying an additional 1,774,651 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of AMETEK by 5.4% during the second quarter. BlackRock Inc. now owns 17,085,162 shares of the technology company’s stock worth $2,765,746,000 after buying an additional 870,060 shares in the last quarter. 85.70% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Price Performance

AME stock opened at $168.42 on Tuesday. The stock has a market capitalization of $38.87 billion, a PE ratio of 29.70, a price-to-earnings-growth ratio of 2.68 and a beta of 1.21. The company’s 50-day moving average is $163.16 and its 200-day moving average is $156.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.98 and a quick ratio of 0.59. AMETEK, Inc. has a 1 year low of $131.52 and a 1 year high of $169.30.

AMETEK (NYSE:AMEGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.06. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.73 billion. AMETEK had a net margin of 19.91% and a return on equity of 17.96%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.52 EPS. Equities research analysts expect that AMETEK, Inc. will post 6.84 EPS for the current fiscal year.

AMETEK Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 8th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, March 7th. This is a boost from AMETEK’s previous quarterly dividend of $0.25. AMETEK’s dividend payout ratio is 17.64%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Royal Bank of Canada lowered their price target on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. StockNews.com downgraded AMETEK from a “buy” rating to a “hold” rating in a report on Friday. TD Cowen downgraded AMETEK from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $165.00 to $160.00 in a report on Monday, November 27th. Finally, KeyCorp increased their price objective on AMETEK from $176.00 to $182.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.25.

Check Out Our Latest Report on AME

About AMETEK

(Free Report)

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. 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.Its EMG segment offers engineered electrical connectors and electronics packaging to protect sensitive devices and mission-critical electronics; precision motion control products for data storage, medical devices, business equipment, automation, and other applications; high-purity powdered metals, strips and foils, specialty clad metals, and metal matrix composites; motor-blower systems and heat exchangers for use in thermal management, military, commercial aircraft, and military ground vehicles; and motors for use in commercial appliances, fitness equipment, food and beverage machines, hydraulic pumps, and industrial blowers.

Further Reading

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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