AMETEK, Inc. (NYSE:AME) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its holdings in shares of AMETEK, Inc. (NYSE:AME) by 35.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 54,097 shares of the technology company’s stock after buying an additional 14,252 shares during the period. Mutual of America Capital Management LLC’s holdings in AMETEK were worth $9,752,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AME. Itau Unibanco Holding S.A. grew its stake in AMETEK by 62.6% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company’s stock worth $34,000 after buying an additional 77 shares during the last quarter. Versant Capital Management Inc boosted its holdings in AMETEK by 3,116.7% in the fourth quarter. Versant Capital Management Inc now owns 193 shares of the technology company’s stock worth $35,000 after acquiring an additional 187 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in AMETEK by 1,176.5% in the fourth quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company’s stock worth $39,000 after acquiring an additional 200 shares in the last quarter. Geneos Wealth Management Inc. grew its position in AMETEK by 42.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company’s stock worth $42,000 after purchasing an additional 70 shares during the last quarter. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of AMETEK during the third quarter worth $44,000. 87.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AME has been the topic of several research reports. BNP Paribas raised AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 target price on the stock in a research report on Thursday, January 16th. Bank of America upgraded AMETEK from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $195.00 to $225.00 in a research note on Monday, December 16th. KeyCorp lifted their target price on AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Robert W. Baird dropped their price objective on shares of AMETEK from $200.00 to $197.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.67.

AMETEK Stock Up 1.0 %

AME opened at $189.18 on Friday. The company has a fifty day moving average of $183.25 and a two-hundred day moving average of $179.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.75 and a current ratio of 1.24. AMETEK, Inc. has a fifty-two week low of $149.03 and a fifty-two week high of $198.33. The stock has a market capitalization of $43.64 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 2.73 and a beta of 1.16.

AMETEK (NYSE:AME) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.02. AMETEK had a return on equity of 16.94% and a net margin of 19.83%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the firm posted $1.68 EPS. AMETEK’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, research analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.66%. The ex-dividend date is Friday, March 14th. This is a positive change from AMETEK’s previous quarterly dividend of $0.28. AMETEK’s payout ratio is presently 20.91%.

AMETEK announced that its Board of Directors has initiated a stock buyback plan on Friday, February 7th that authorizes the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.