Systematic Financial Management LP Has $29,000 Stake in AMETEK, Inc. (NYSE:AME)

Systematic Financial Management LP trimmed its position in shares of AMETEK, Inc. (NYSE:AME) by 99.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 320 shares of the technology company’s stock after selling 30,177 shares during the period. Systematic Financial Management LP’s holdings in AMETEK were worth $29,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. NumerixS Investment Technologies Inc acquired a new stake in AMETEK in the 2nd quarter worth approximately $27,000. Shine Investment Advisory Services Inc. increased its position in shares of AMETEK by 67.8% during the third quarter. Shine Investment Advisory Services Inc. now owns 302 shares of the technology company’s stock valued at $28,000 after purchasing an additional 122 shares during the period. Capital Bank & Trust Co bought a new stake in shares of AMETEK during the second quarter valued at approximately $29,000. Berman Capital Advisors LLC increased its position in shares of AMETEK by 51.3% during the second quarter. Berman Capital Advisors LLC now owns 454 shares of the technology company’s stock valued at $41,000 after purchasing an additional 154 shares during the period. Finally, Ibex Wealth Advisors bought a new stake in AMETEK in the second quarter valued at $52,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Shares of NYSE:AME opened at $98.17 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 1.48. The stock has a market capitalization of $22.17 billion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 2.15 and a beta of 1.20. The business’s fifty day moving average price is $91.05 and its two-hundred day moving average price is $88.13. AMETEK, Inc. has a fifty-two week low of $63.14 and a fifty-two week high of $98.25.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.05. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. AMETEK had a return on equity of 20.04% and a net margin of 16.63%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Research analysts expect that AMETEK, Inc. will post 4.14 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Thursday, December 5th. AMETEK’s dividend payout ratio is currently 17.02%.

A number of analysts have weighed in on the company. Morgan Stanley set a $102.00 price target on AMETEK and gave the company a “buy” rating in a research report on Friday, November 1st. Oppenheimer upped their price target on AMETEK from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Bank of America cut AMETEK from a “buy” rating to a “neutral” rating and lowered their price target for the company from $105.00 to $95.00 in a research report on Friday, October 11th. KeyCorp upped their price target on AMETEK from $94.00 to $100.00 in a research report on Wednesday, July 31st. Finally, ValuEngine upgraded AMETEK from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $97.62.

In other AMETEK news, VP Thomas M. Montgomery sold 7,036 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $96.10, for a total value of $676,159.60. Following the transaction, the vice president now owns 27,853 shares of the company’s stock, valued at $2,676,673.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Tony J. Ciampitti sold 9,534 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $97.14, for a total value of $926,132.76. Following the completion of the transaction, the insider now directly owns 42,979 shares in the company, valued at approximately $4,174,980.06. The disclosure for this sale can be found here. In the last three months, insiders sold 38,560 shares of company stock worth $3,659,482. Insiders own 0.80% of the company’s stock.

About AMETEK

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. The company's Electronic Instruments segment offers advanced instruments for the process, aerospace, power, and industrial markets; process control instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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