Healthcare of Ontario Pension Plan Trust Fund Sells 8,142 Shares of AMETEK, Inc. $AME

Healthcare of Ontario Pension Plan Trust Fund lowered its position in shares of AMETEK, Inc. (NYSE:AME) by 36.0% during the first quarter, Holdings Channel.com reports. The firm owned 14,458 shares of the technology company’s stock after selling 8,142 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in AMETEK were worth $3,099,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new stake in AMETEK during the second quarter worth about $25,000. CoreCap Advisors LLC raised its position in shares of AMETEK by 84.3% in the 4th quarter. CoreCap Advisors LLC now owns 129 shares of the technology company’s stock valued at $26,000 after buying an additional 59 shares in the last quarter. MV Capital Management Inc. acquired a new stake in shares of AMETEK during the 4th quarter worth approximately $28,000. Brown Lisle Cummings Inc. increased its stake in AMETEK by 878.6% in the first quarter. Brown Lisle Cummings Inc. now owns 137 shares of the technology company’s stock valued at $29,000 after acquiring an additional 123 shares during the last quarter. Finally, BOKF NA increased its stake in AMETEK by 137.7% in the fourth quarter. BOKF NA now owns 145 shares of the technology company’s stock valued at $30,000 after acquiring an additional 84 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AME. Royal Bank Of Canada upped their target price on AMETEK from $259.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Mizuho set a $270.00 price objective on AMETEK in a research note on Friday, May 1st. Wall Street Zen cut AMETEK from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Barclays boosted their target price on AMETEK from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Morgan Stanley raised their price target on shares of AMETEK from $235.00 to $245.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.29.

AMETEK Trading Up 2.0%

Shares of AME stock opened at $239.93 on Friday. The firm has a market capitalization of $54.99 billion, a P/E ratio of 36.24, a P/E/G ratio of 3.30 and a beta of 0.99. The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $233.22 and its 200 day simple moving average is $228.42. AMETEK, Inc. has a twelve month low of $179.24 and a twelve month high of $244.71.

AMETEK (NYSE:AME) last released its quarterly earnings data on Thursday, April 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.07. AMETEK had a return on equity of 16.63% and a net margin of 20.11%.The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the firm posted $1.75 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts predict that AMETEK, Inc. will post 8.14 EPS for the current fiscal year.

AMETEK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, June 15th. AMETEK’s dividend payout ratio is 20.54%.

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.