Robeco Institutional Asset Management B.V. boosted its stake in AMETEK, Inc. (NYSE:AME – Free Report) by 228.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 183,409 shares of the technology company’s stock after purchasing an additional 127,564 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in AMETEK were worth $37,656,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in AMETEK by 4.9% in the 3rd quarter. Principal Financial Group Inc. now owns 2,043,029 shares of the technology company’s stock worth $384,096,000 after purchasing an additional 94,645 shares during the period. Captrust Financial Advisors grew its position in AMETEK by 3.1% in the 3rd quarter. Captrust Financial Advisors now owns 268,096 shares of the technology company’s stock worth $50,402,000 after purchasing an additional 8,101 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in AMETEK by 22.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,853 shares of the technology company’s stock worth $7,116,000 after purchasing an additional 6,911 shares during the period. Y.D. More Investments Ltd bought a new stake in shares of AMETEK during the 4th quarter valued at $1,653,000. Finally, Nordea Investment Management AB grew its position in shares of AMETEK by 246.0% during the 3rd quarter. Nordea Investment Management AB now owns 92,175 shares of the technology company’s stock valued at $17,344,000 after acquiring an additional 65,537 shares during the period. Institutional investors own 87.43% of the company’s stock.
AMETEK Stock Down 0.3%
AME opened at $234.25 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.67 and a current ratio of 1.06. AMETEK, Inc. has a fifty-two week low of $153.73 and a fifty-two week high of $242.05. The firm’s fifty day moving average is $225.19 and its 200 day moving average is $208.78. The stock has a market cap of $53.66 billion, a price-to-earnings ratio of 36.60, a price-to-earnings-growth ratio of 3.37 and a beta of 1.04.
AMETEK Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a dividend of $0.34 per share. This is a positive change from AMETEK’s previous quarterly dividend of $0.31. The ex-dividend date was Monday, March 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK’s dividend payout ratio is presently 21.25%.
Insider Buying and Selling at AMETEK
In related news, Director Thomas A. Amato sold 530 shares of AMETEK stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $216.78, for a total transaction of $114,893.40. Following the transaction, the director owned 4,480 shares in the company, valued at approximately $971,174.40. The trade was a 10.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.54% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on AME shares. Royal Bank Of Canada reissued an “outperform” rating and set a $257.00 price objective on shares of AMETEK in a research report on Wednesday, February 4th. DA Davidson reissued a “buy” rating and set a $240.00 price objective on shares of AMETEK in a research report on Wednesday, February 4th. Barclays boosted their price objective on shares of AMETEK from $210.00 to $220.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Melius Research set a $235.00 price objective on shares of AMETEK in a research report on Monday, January 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of AMETEK in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $244.67.
Get Our Latest Analysis on AME
AMETEK Company Profile
AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.
The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.
Further Reading
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