HM Payson & Co. Raises Position in AMETEK, Inc. (NYSE:AME)

HM Payson & Co. increased its holdings in AMETEK, Inc. (NYSE:AME) by 3.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 526,832 shares of the technology company’s stock after buying an additional 19,873 shares during the period. AMETEK accounts for approximately 1.6% of HM Payson & Co.’s portfolio, making the stock its 16th largest holding. HM Payson & Co. owned approximately 0.23% of AMETEK worth $90,462,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Washington Trust Advisors Inc. purchased a new stake in AMETEK during the first quarter valued at about $37,000. Family Firm Inc. purchased a new position in AMETEK during the 2nd quarter valued at about $39,000. Industrial Alliance Investment Management Inc. purchased a new position in shares of AMETEK during the 2nd quarter worth approximately $42,000. Headlands Technologies LLC purchased a new position in shares of AMETEK during the 1st quarter worth approximately $43,000. Finally, Crewe Advisors LLC grew its holdings in shares of AMETEK by 168.8% during the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock worth $49,000 after acquiring an additional 184 shares during the period. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Insider Activity at AMETEK

In other AMETEK 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 transaction, the director now directly owns 23,349 shares of the company’s stock, valued at approximately $4,006,454.91. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

AMETEK Price Performance

Shares of AMETEK stock traded up $12.85 during trading on Thursday, reaching $181.76. 109,027 shares of the stock traded hands, compared to its average volume of 1,128,610. The company has a market capitalization of $42.07 billion, a price-to-earnings ratio of 29.67, a P/E/G ratio of 2.77 and a beta of 1.17. The business has a fifty day simple moving average of $168.59 and a two-hundred day simple moving average of $168.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.26 and a quick ratio of 0.76. AMETEK, Inc. has a 52-week low of $136.89 and a 52-week high of $186.32.

AMETEK (NYSE:AME) last issued its earnings results on Thursday, August 1st. The technology company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.78 billion. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company posted $1.57 earnings per share. Sell-side analysts expect that AMETEK, Inc. will post 6.76 EPS for the current year.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.62%. The ex-dividend date was Monday, September 16th. AMETEK’s payout ratio is 19.68%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AME. StockNews.com downgraded AMETEK from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Robert W. Baird lowered their price objective on AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Wolfe Research raised AMETEK to a “hold” rating in a research report on Wednesday, September 18th. Royal Bank of Canada lowered their price objective on AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, TD Cowen cut AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $193.29.

AMETEK Company Profile

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.