AMETEK, Inc. (NYSE:AME) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in AMETEK, Inc. (NYSE:AME) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,291,649 shares of the technology company’s stock after buying an additional 19,435 shares during the period. Charles Schwab Investment Management Inc. owned about 0.56% of AMETEK worth $221,789,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AME. Bank of New York Mellon Corp raised its holdings in AMETEK by 34.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,602,753 shares of the technology company’s stock valued at $600,615,000 after acquiring an additional 926,657 shares during the last quarter. Boston Partners lifted its position in AMETEK by 3.0% during the first quarter. Boston Partners now owns 3,063,588 shares of the technology company’s stock worth $560,278,000 after buying an additional 90,271 shares during the period. Dimensional Fund Advisors LP boosted its stake in AMETEK by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,882,166 shares of the technology company’s stock worth $313,777,000 after buying an additional 148,447 shares during the last quarter. Principal Financial Group Inc. grew its holdings in AMETEK by 72.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company’s stock valued at $288,526,000 after buying an additional 703,501 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of AMETEK by 12.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,660,133 shares of the technology company’s stock valued at $276,761,000 after acquiring an additional 186,263 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

AMETEK Stock Performance

AMETEK stock opened at $197.38 on Friday. The firm has a market capitalization of $45.66 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 3.19 and a beta of 1.16. AMETEK, Inc. has a one year low of $149.03 and a one year high of $197.83. The stock’s 50 day moving average price is $176.46 and its 200 day moving average price is $170.71. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39.

AMETEK (NYSE:AME) last posted its earnings results on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.64 earnings per share. As a group, sell-side analysts expect that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, December 6th. AMETEK’s payout ratio is 19.51%.

Insider Buying and Selling

In related news, Director Steven W. Kohlhagen sold 1,460 shares of AMETEK stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the completion of the sale, the director now owns 23,349 shares in the company, valued at approximately $4,006,454.91. The trade was a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David F. Hermance sold 6,243 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the transaction, the insider now owns 36,731 shares in the company, valued at $7,015,253.69. This trade represents a 14.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, November 4th. StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Wolfe Research raised AMETEK to a “hold” rating in a research report on Wednesday, September 18th. Royal Bank of Canada cut their price objective on AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, KeyCorp increased their target price on shares of AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AMETEK presently has a consensus rating of “Moderate Buy” and an average target price of $199.29.

About AMETEK

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.