State of Wisconsin Investment Board lifted its position in shares of AMETEK, Inc. (NYSE:AME) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 482,868 shares of the technology company’s stock after purchasing an additional 17,637 shares during the period. State of Wisconsin Investment Board’s holdings in AMETEK were worth $34,993,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Acropolis Investment Management LLC bought a new position in AMETEK in the fourth quarter worth about $108,000. Zions Bancorporation bought a new position in AMETEK in the third quarter worth about $150,000. BB&T Investment Services Inc. raised its stake in AMETEK by 42.6% in the third quarter. BB&T Investment Services Inc. now owns 2,633 shares of the technology company’s stock worth $179,000 after buying an additional 786 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in AMETEK in the third quarter worth about $182,000. Finally, QS Investors LLC raised its stake in AMETEK by 0.9% in the second quarter. QS Investors LLC now owns 2,846 shares of the technology company’s stock worth $172,000 after buying an additional 25 shares in the last quarter. Institutional investors own 85.94% of the company’s stock.
In other AMETEK news, insider David A. Zapico sold 25,965 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $71.77, for a total transaction of $1,863,508.05. Following the completion of the transaction, the insider now owns 200,548 shares of the company’s stock, valued at $14,393,329.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP William D. Eginton sold 16,368 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $77.00, for a total transaction of $1,260,336.00. Following the transaction, the vice president now directly owns 59,054 shares of the company’s stock, valued at approximately $4,547,158. The disclosure for this sale can be found here. Insiders have sold 69,654 shares of company stock valued at $5,165,985 in the last ninety days. Insiders own 2.10% of the company’s stock.
AMETEK, Inc. (NYSE:AME) opened at $76.55 on Friday. AMETEK, Inc. has a one year low of $52.42 and a one year high of $78.51. The firm has a market cap of $17,692.01, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 2.19 and a beta of 1.32. The company has a current ratio of 1.70, a quick ratio of 1.22 and a debt-to-equity ratio of 0.46.
AMETEK (NYSE:AME) last announced its earnings results on Thursday, February 1st. The technology company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.03. AMETEK had a net margin of 15.85% and a return on equity of 16.39%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm earned $0.58 earnings per share. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. equities research analysts expect that AMETEK, Inc. will post 3.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 16th will be paid a dividend of $0.14 per share. This is an increase from AMETEK’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, March 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. AMETEK’s dividend payout ratio (DPR) is currently 12.24%.
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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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