AMETEK, Inc. (NYSE:AME) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its stake in AMETEK, Inc. (NYSE:AMEGet the Badge) was 89.8% in the third quarter, according to the company in its most recent Form 13F filed with the Securities & Exchange Commission. The firm owned 436,943 shares of the technology company’s stock after purchasing an additional 206,774 shares during the period. The Manufacturers Life Insurance Company owned about 0.19% of AMETEK worth $49,554,000 as of its most recent filing with the Securities & Exchange Commission.

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Several other hedge funds have also recently added to or reduced their stakes in the company. JW Cole Advisors Inc. a new stake in shares of AMETEK in the first quarter worth approximately $26,000. Covestor Ltd raised its position in shares of AMETEK by 84.3% in the first quarter. Covestor Ltd now owns 212 shares of the technology company’s stock valued at $28,000 after acquiring an additional 97 shares during the period. Allworth Financial LP lifted its position in shares of AMETEK by 73.5% in the second quarter. Allworth Financial LP now owns 321 shares of the technology company’s stock worth $35,000 after acquiring an additional 136 shares during the period. Zions Bancorporation raised its position in shares of AMETEK by 726.5% in the first quarter. Zions Bancorporation NA now owns 281 shares of the technology company’s stock worth $37,000 after acquiring an additional 247 shares during the period. Finally, Clear Street Markets LLC raised its position in shares of AMETEK by 407.4% in the second quarter. Clear Street Markets LLC now owns 482 shares of the technology company’s stock valued at $53,000 after acquiring an additional 387 shares during the period. Private investors and hedge funds own 85.42% of the company’s stock.

Insiders Order their Bets

In other news, Director Gretchen W. McClain bought 2,720 shares of the business’s stock in a transaction on Wednesday, December 28. The shares were sold at an average price of $140.62, for a total value of $382,486.40. Following the purchase, the director now owns 14,704 shares of the company’s stock, valued at $2,067,676.48. The deal was disclosed in a legal filing with the Securities & Exchange Commission, which is available via the SEC website. In related news, Director Gretchen W. McClain sold 2,720 shares of the business’s stock in a transaction dated Wednesday, December 28th. sold at an average price of $140.62, for a total sale of $382,486.40. Following the purchase, the director now owns 14,704 shares of the company’s stock, valued at $2,067,676.48. The sale was disclosed in a legal filing with the SEC, which is available through this relationship. Also, insider Thomas C. Marecic sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 23. The stock sold at an average price of $142.05, for total value is $1,420,500.00. Following the purchase, the insider now directly owns 31,622 shares of the company’s stock, valued at $4,491,905.10. Notification is available for this purchase here. Insiders sold 15,038 shares of company stock worth $2,129,848 in the last quarter. 0.72% of the stock is held by institutional investors.

Try the New Price Guide

A number of research analysts have recently weighed in on AME shares. Mizuho raised their price objective on shares of AMETEK from $145.00 to $153.00 and gave the stock a “buy” rating in a research note on Friday, January 13th. StockNews.com cut shares of AMETEK from a “buy” rating to a hold rating in a research note on Thursday, January 5th. Royal Bank of Canada lifted their price target on shares of AMETEK from $135.00 to $136.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 2nd. Loop Capital boosted their price target on shares of AMETEK from $160.00 to $164.00 in a research note on Thursday, January 12th. Finally, KeyCorp upped their target price on shares of AMETEK from $145.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, November 21st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a target price of $150.78.

AMETEK Sales Rise 2.5%

Share of NYSE AME opened at $142.50 on Friday. AMETEK, Inc. it has a 52-week low of $106.17 and a 52-week high of $147.01. The company has a fifty-day moving average of $140.88 and a 200-day moving average of $128.23. The stock has a market capitalization of $32.73 billion, a PE ratio of 29.14, a P/E/G ratio of 2.61 and a beta of 1.22. The company has a quick ratio of 0.88, a current ratio of 1.53 and a debt-to-equity ratio of 0.29.

AMETEK (NYSE:AMEGet the Badge) next announced its earnings data on Tuesday, November 1st. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.08. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.51 billion. AMETEK had a margin of 18.81% and a return on equity of 18.40%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $1.26 EPS. On average, analysts expect that AMETEK, Inc. will deliver 5.63 EPS for this year.

AMETEK Press Release

The company also recently announced a quarterly dividend, which was paid on Friday, December 23. Shareholders of record on Wednesday, December 7th were issued a dividend of $0.22. The distribution date of this dividend is Tuesday, December 6th. It has an annual dividend of $0.88 and yields 0.62%. AMETEK’s dividend yield is currently 18.00%.

AMETEK Profile

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AMETEK, Inc. is engaged in the manufacture of electronic products and electronic devices. It operates in two categories: Electronic and Electromechanical. The Electronics division designs and manufactures specialty equipment for the process, aerospace, electrical and industrial markets.

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Corporate Quarterly Management for AMETEK (NYSE:AME)

This news update is created by the technology science and financial experts from MarketBeat in order to provide readers with the fastest and most accurate information. zero. This story was reviewed by MarketBeat editors prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

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