Greenleaf Trust Has $730,000 Stock Holdings in AMETEK, Inc. (NYSE:AME)

Greenleaf Trust boosted its holdings in shares of AMETEK, Inc. (NYSE:AME) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,052 shares of the technology company’s stock after buying an additional 101 shares during the period. Greenleaf Trust’s holdings in AMETEK were worth $730,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AME. Oddo BHF Asset Management Sas purchased a new stake in shares of AMETEK in the third quarter valued at about $3,724,000. Everence Capital Management Inc. purchased a new stake in shares of AMETEK in the fourth quarter valued at about $999,000. BNP Paribas Financial Markets raised its holdings in shares of AMETEK by 23.2% in the third quarter. BNP Paribas Financial Markets now owns 355,828 shares of the technology company’s stock valued at $61,099,000 after purchasing an additional 67,025 shares during the last quarter. Czech National Bank grew its position in AMETEK by 6.3% during the fourth quarter. Czech National Bank now owns 50,153 shares of the technology company’s stock valued at $9,041,000 after buying an additional 2,987 shares during the period. Finally, Taurus Asset Management LLC grew its position in AMETEK by 2.9% during the third quarter. Taurus Asset Management LLC now owns 115,033 shares of the technology company’s stock valued at $19,752,000 after buying an additional 3,210 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on AME shares. KeyCorp increased their price target on shares of AMETEK from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Mizuho increased their price target on shares of AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. BNP Paribas upgraded shares of AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 price target for the company in a research report on Thursday, January 16th. StockNews.com upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a research report on Tuesday, January 28th. Finally, Robert W. Baird increased their price target 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, AMETEK currently has an average rating of “Moderate Buy” and an average price target of $203.44.

AMETEK Trading Down 2.1 %

Shares of AMETEK stock opened at $180.28 on Wednesday. AMETEK, Inc. has a 12-month low of $149.03 and a 12-month high of $198.33. The company has a market cap of $41.70 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 2.67 and a beta of 1.16. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average price is $185.18 and its 200-day moving average price is $176.50.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.02. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the firm posted $1.68 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities analysts expect that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Friday, December 6th. AMETEK’s dividend payout ratio is currently 19.51%.

Insider Activity at AMETEK

In related news, insider Emanuela Speranza sold 6,747 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total value of $1,321,737.30. Following the sale, the insider now directly owns 30,460 shares of the company’s stock, valued at $5,967,114. This trade represents a 18.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David F. Hermance sold 6,243 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the completion of the sale, the insider now directly owns 36,731 shares in the company, valued at $7,015,253.69. This represents a 14.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,200 shares of company stock valued at $5,707,620 over the last three months. 0.61% of the stock is owned by corporate insiders.

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.