ETF Managers Group LLC Acquires 284 Shares of AMETEK, Inc. (AME)

ETF Managers Group LLC boosted its holdings in AMETEK, Inc. (NYSE:AME) by 19.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,751 shares of the technology company’s stock after purchasing an additional 284 shares during the period. ETF Managers Group LLC’s holdings in AMETEK were worth $119,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of AME. IFP Advisors Inc lifted its stake in AMETEK by 76.4% in the fourth quarter. IFP Advisors Inc now owns 441 shares of the technology company’s stock worth $29,000 after purchasing an additional 191 shares during the last quarter. Cerebellum GP LLC lifted its stake in AMETEK by 86.7% in the fourth quarter. Cerebellum GP LLC now owns 1,064 shares of the technology company’s stock worth $72,000 after purchasing an additional 494 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in AMETEK in the fourth quarter worth $150,000. Advisors Asset Management Inc. bought a new stake in AMETEK in the second quarter worth $168,000. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in AMETEK by 114.3% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,250 shares of the technology company’s stock worth $178,000 after purchasing an additional 1,200 shares during the last quarter. 85.24% of the stock is owned by institutional investors and hedge funds.

In related news, Director Elizebeth R. Varet sold 4,050 shares of the business’s stock in a transaction dated Saturday, September 7th. The shares were sold at an average price of $78.65, for a total transaction of $318,532.50. Following the transaction, the director now owns 104,810 shares in the company, valued at $8,243,306.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Elizebeth R. Varet sold 2,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $80.75, for a total transaction of $161,500.00. Following the transaction, the director now owns 104,810 shares in the company, valued at approximately $8,463,407.50. The disclosure for this sale can be found here. Insiders have sold 8,000 shares of company stock worth $632,874 in the last quarter. 2.00% of the stock is owned by corporate insiders.

Shares of NYSE:AME opened at $77.34 on Wednesday. The stock has a market cap of $17.95 billion, a PE ratio of 23.51, a PEG ratio of 2.02 and a beta of 1.20. The company has a quick ratio of 0.96, a current ratio of 1.46 and a debt-to-equity ratio of 0.54. AMETEK, Inc. has a 12 month low of $63.14 and a 12 month high of $81.92.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Tuesday, February 5th. The technology company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.26 billion. AMETEK had a net margin of 16.05% and a return on equity of 17.72%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.70 earnings per share. On average, equities analysts anticipate that AMETEK, Inc. will post 3.92 earnings per share for the current year.

Several research firms have weighed in on AME. Zacks Investment Research raised shares of AMETEK from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Friday, February 8th. ValuEngine raised shares of AMETEK from a “hold” rating to a “buy” rating in a research note on Tuesday, November 6th. Morgan Stanley lowered their price objective on shares of AMETEK from $84.00 to $81.00 and set an “equal weight” rating for the company in a research note on Monday, November 5th. Robert W. Baird upped their price objective on shares of AMETEK from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, November 2nd. Finally, BMO Capital Markets lowered their price objective on shares of AMETEK from $93.00 to $91.00 and set an “outperform” rating for the company in a research note on Friday, November 2nd. Twelve analysts have rated the stock with a buy rating, AMETEK currently has an average rating of “Buy” and a consensus price target of $86.10.

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AMETEK Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. Its Electronic Instruments Group segment offers advanced instruments for the process, power and industrial, and aerospace markets; process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage markets; and instruments for the laboratory equipment, ultraprecision manufacturing, medical, and test and measurement markets.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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