Circle Wealth Management LLC reduced its position in shares of AMETEK, Inc. (NYSE:AME) by 11.3% during the fourth quarter, HoldingsChannel reports. The firm owned 66,993 shares of the technology company’s stock after selling 8,500 shares during the period. AMETEK makes up 1.8% of Circle Wealth Management LLC’s holdings, making the stock its 9th largest holding. Circle Wealth Management LLC’s holdings in AMETEK were worth $4,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. MML Investors Services LLC lifted its position in shares of AMETEK by 7.7% during the fourth quarter. MML Investors Services LLC now owns 9,905 shares of the technology company’s stock valued at $718,000 after purchasing an additional 705 shares in the last quarter. BB&T Investment Services Inc. lifted its position in shares of AMETEK by 42.6% during the third quarter. BB&T Investment Services Inc. now owns 2,633 shares of the technology company’s stock valued at $179,000 after purchasing an additional 786 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of AMETEK by 8.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,506 shares of the technology company’s stock valued at $697,000 after purchasing an additional 800 shares in the last quarter. New Mexico Educational Retirement Board raised its position in AMETEK by 3.7% in the fourth quarter. New Mexico Educational Retirement Board now owns 22,200 shares of the technology company’s stock worth $1,609,000 after acquiring an additional 800 shares during the period. Finally, IFM Investors Pty Ltd raised its position in AMETEK by 11.4% in the fourth quarter. IFM Investors Pty Ltd now owns 8,581 shares of the technology company’s stock worth $622,000 after acquiring an additional 875 shares during the period. 86.10% of the stock is currently owned by institutional investors.
AME has been the topic of several research reports. Oppenheimer reaffirmed a “buy” rating and issued a $75.00 price objective on shares of AMETEK in a research report on Thursday, December 21st. KeyCorp reaffirmed a “buy” rating and issued a $82.00 price objective on shares of AMETEK in a research report on Friday, January 19th. Cowen reaffirmed a “buy” rating and issued a $80.00 price objective on shares of AMETEK in a research report on Friday, December 22nd. Wells Fargo & Co set a $88.00 price objective on shares of AMETEK and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, Zacks Investment Research raised shares of AMETEK from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Thursday, January 4th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $81.64.
AMETEK (NYSE:AME) last posted its earnings results on Thursday, February 1st. The technology company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.09 billion. AMETEK had a net margin of 15.85% and a return on equity of 16.39%. The company’s revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share. equities analysts forecast that AMETEK, Inc. will post 3.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 16th will be paid a $0.14 dividend. This is an increase from AMETEK’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.56 annualized dividend and a dividend yield of 0.71%. AMETEK’s dividend payout ratio (DPR) is presently 12.24%.
In other news, Director Elizebeth R. Varet sold 3,000 shares of AMETEK stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $75.85, for a total value of $227,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Wesley Hardin sold 25,965 shares of AMETEK stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $78.50, for a total transaction of $2,038,252.50. Following the completion of the transaction, the insider now owns 85,663 shares of the company’s stock, valued at approximately $6,724,545.50. The disclosure for this sale can be found here. Insiders sold 74,604 shares of company stock valued at $5,742,548 in the last quarter. Corporate insiders own 2.10% of the company’s stock.
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AMETEK Company Profile
AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets.
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