AMETEK, Inc. $AME Holdings Trimmed by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. trimmed its position in shares of AMETEK, Inc. (NYSE:AME) by 33.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 98,314 shares of the technology company’s stock after selling 48,803 shares during the quarter. Mawer Investment Management Ltd.’s holdings in AMETEK were worth $24,355,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AME. BlackRock Inc. purchased a new stake in shares of AMETEK in the second quarter valued at $4,725,928,000. Wellington Management Group LLP boosted its position in shares of AMETEK by 7.0% in the second quarter. Wellington Management Group LLP now owns 2,994,077 shares of the technology company’s stock worth $724,387,000 after buying an additional 196,986 shares during the period. Flossbach Von Storch SE purchased a new position in shares of AMETEK during the second quarter valued at $662,352,000. Bank of New York Mellon Corp purchased a new position in shares of AMETEK during the second quarter valued at $624,725,000. Finally, Dimensional Fund Advisors LP raised its position in AMETEK by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,075,229 shares of the technology company’s stock valued at $444,788,000 after buying an additional 29,001 shares during the period. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Stock Up 0.5%

AME traded up $1.16 during midday trading on Friday, hitting $242.20. 1,282,520 shares of the company’s stock traded hands, compared to its average volume of 1,709,736. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.43 and a quick ratio of 0.91. The company has a market cap of $55.54 billion, a PE ratio of 34.16, a price-to-earnings-growth ratio of 2.15 and a beta of 0.96. The stock’s fifty day simple moving average is $243.49 and its 200-day simple moving average is $235.10. AMETEK, Inc. has a one year low of $188.47 and a one year high of $261.16.

AMETEK (NYSE:AME) last posted its earnings results on Tuesday, November 3rd. The technology company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.11 by $0.10. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.12 billion. AMETEK had a net margin of 19.91% and a return on equity of 17.12%. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 earnings per share. As a group, equities analysts anticipate that AMETEK, Inc. will post 8.57 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.34 per share. The ex-dividend date is Friday, December 4th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK’s dividend payout ratio (DPR) is currently 19.18%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AME. Truist Financial reissued a “buy” rating and issued a $329.00 price objective (up from $316.00) on shares of AMETEK in a research note on Friday. Mizuho decreased their price objective on AMETEK from $285.00 to $275.00 and set an “outperform” rating for the company in a research report on Wednesday, November 4th. Rothschild & Co Redburn lifted their target price on AMETEK from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Deutsche Bank upped their target price on AMETEK from $288.00 to $318.00 and gave the company a “buy” rating in a report on Wednesday, September 30th. Finally, BNP Paribas Exane upped their target price on AMETEK from $280.00 to $290.00 and gave the company an “outperform” rating in a report on Friday, September 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $278.88.

About AMETEK

AMETEK, Inc. is a global manufacturer of electronic instruments and electromechanical products. Its businesses serve a range of markets, including aerospace, energy, industrial manufacturing, medical, and transportation. The company’s products include analytical and process instruments, monitoring and measurement systems, aerospace components, precision motors and pumps, and engineered materials. AMETEK organizes its operations into two groups: Electronic Instruments and Electromechanical. Founded in 1930, AMETEK serves customers around the world through manufacturing facilities, sales offices, and service operations in multiple countries.