Bank of Montreal Can Has $55.35 Million Stake in AMETEK, Inc. (NYSE:AME)

Bank of Montreal Can increased its holdings in shares of AMETEK, Inc. (NYSE:AME) by 4.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 321,680 shares of the technology company’s stock after purchasing an additional 14,663 shares during the quarter. Bank of Montreal Can owned approximately 0.14% of AMETEK worth $55,351,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AME. B. Riley Wealth Advisors Inc. boosted its holdings in AMETEK by 42.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,919 shares of the technology company’s stock worth $351,000 after purchasing an additional 573 shares during the last quarter. Tidal Investments LLC raised its position in AMETEK by 15.1% during the first quarter. Tidal Investments LLC now owns 4,930 shares of the technology company’s stock worth $902,000 after acquiring an additional 646 shares in the last quarter. Comerica Bank raised its position in AMETEK by 0.4% during the first quarter. Comerica Bank now owns 74,825 shares of the technology company’s stock worth $13,685,000 after acquiring an additional 314 shares in the last quarter. Citizens Financial Group Inc. RI bought a new stake in AMETEK during the first quarter worth $542,000. Finally, Swedbank AB bought a new stake in AMETEK during the first quarter worth $3,833,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Mizuho upped their price target on shares of AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Royal Bank of Canada dropped their price target on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. Robert W. Baird increased their price objective on shares of AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Wolfe Research raised shares of AMETEK to a “hold” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.29.

AMETEK Trading Down 1.0 %

AME stock opened at $195.13 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. The company’s 50-day simple moving average is $178.12 and its 200 day simple moving average is $171.26. AMETEK, Inc. has a 52 week low of $149.03 and a 52 week high of $198.33. The company has a market capitalization of $45.14 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 3.22 and a beta of 1.16.

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

AMETEK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 annualized dividend and a dividend yield of 0.57%. AMETEK’s dividend payout ratio (DPR) is presently 19.51%.

Insider Activity at AMETEK

In other AMETEK news, insider Emanuela Speranza sold 6,747 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total transaction of $1,321,737.30. Following the sale, the insider now directly owns 30,460 shares in the company, valued at $5,967,114. This represents a 18.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven W. Kohlhagen sold 1,460 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the sale, the director now owns 23,349 shares in the company, valued at $4,006,454.91. The trade was a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,660 shares of company stock worth $5,958,141. Corporate insiders own 0.61% of the company’s stock.

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.