AMETEK, Inc. (AME) Shares Bought by Eaton Vance Management

Eaton Vance Management increased its position in AMETEK, Inc. (NYSE:AME) by 29.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 404,830 shares of the technology company’s stock after purchasing an additional 92,790 shares during the quarter. Eaton Vance Management owned approximately 0.17% of AMETEK worth $27,407,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AME. Oregon Public Employees Retirement Fund boosted its position in AMETEK by 6,587.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,702,384 shares of the technology company’s stock valued at $25,000 after acquiring an additional 1,676,926 shares in the last quarter. IFP Advisors Inc boosted its position in AMETEK by 76.4% during the 4th quarter. IFP Advisors Inc now owns 441 shares of the technology company’s stock valued at $29,000 after acquiring an additional 191 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in AMETEK by 183.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 749 shares of the technology company’s stock valued at $51,000 after acquiring an additional 485 shares in the last quarter. Financial Gravity Companies Inc. bought a new stake in AMETEK during the 4th quarter valued at $65,000. Finally, Cerebellum GP LLC boosted its position in AMETEK by 86.7% during the 4th quarter. Cerebellum GP LLC now owns 1,064 shares of the technology company’s stock valued at $72,000 after acquiring an additional 494 shares in the last quarter. 82.69% of the stock is currently owned by institutional investors.

AMETEK stock opened at $79.26 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.46 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $18.53 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 2.11 and a beta of 1.20. AMETEK, Inc. has a 1-year low of $63.14 and a 1-year high of $81.92.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Tuesday, February 5th. The technology company reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.02. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. AMETEK had a return on equity of 17.72% and a net margin of 16.05%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 EPS. As a group, equities research analysts expect that AMETEK, Inc. will post 3.94 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a $0.14 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. AMETEK’s payout ratio is 17.02%.

AMETEK announced that its board has authorized a share buyback program on Wednesday, February 13th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to buy up to 2.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Several analysts have issued reports on the company. Zacks Investment Research raised AMETEK from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a research report on Friday, February 8th. BMO Capital Markets reaffirmed a “buy” rating and set a $90.00 target price on shares of AMETEK in a research report on Tuesday, January 29th. Cowen reaffirmed a “buy” rating and set a $91.00 target price on shares of AMETEK in a research report on Wednesday, December 12th. Stephens assumed coverage on AMETEK in a research report on Monday, November 19th. They set an “overweight” rating and a $87.00 target price on the stock. Finally, ValuEngine raised AMETEK from a “hold” rating to a “buy” rating in a research report on Tuesday, November 6th. Twelve investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $86.10.

In other news, CEO David A. Zapico sold 31,200 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $78.80, for a total value of $2,458,560.00. Following the completion of the sale, the chief executive officer now owns 223,085 shares of the company’s stock, valued at approximately $17,579,098. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas C. Marecic sold 17,097 shares of the firm’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $79.00, for a total value of $1,350,663.00. Following the completion of the sale, the insider now directly owns 42,319 shares of the company’s stock, valued at approximately $3,343,201. The disclosure for this sale can be found here. Insiders sold a total of 65,227 shares of company stock valued at $5,149,824 in the last three months. Insiders own 2.00% of the company’s stock.

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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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