AMETEK, Inc. (NYSE:AME) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its position in AMETEK, Inc. (NYSE:AME) by 33.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,320 shares of the technology company’s stock after selling 50,812 shares during the quarter. Assenagon Asset Management S.A.’s holdings in AMETEK were worth $17,398,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Washington Trust Advisors Inc. acquired a new stake in AMETEK in the 1st quarter valued at approximately $37,000. Family Firm Inc. acquired a new position in shares of AMETEK during the second quarter valued at $39,000. Headlands Technologies LLC bought a new stake in shares of AMETEK during the first quarter valued at about $43,000. Industrial Alliance Investment Management Inc. acquired a new stake in AMETEK in the second quarter worth about $42,000. Finally, Crewe Advisors LLC grew its position in AMETEK by 168.8% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock valued at $49,000 after buying an additional 184 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.

Insiders Place Their Bets

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total value of $250,521.40. Following the transaction, the director now owns 23,349 shares in the company, valued at $4,006,454.91. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.61% of the company’s stock.

AMETEK Price Performance

Shares of NYSE:AME opened at $166.96 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.26. The company has a market capitalization of $38.65 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 2.77 and a beta of 1.17. The stock has a fifty day moving average of $168.41 and a 200-day moving average of $169.23. AMETEK, Inc. has a one year low of $136.89 and a one year high of $186.32.

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

AMETEK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.67%. The ex-dividend date was Monday, September 16th. AMETEK’s payout ratio is 19.68%.

Analyst Ratings Changes

A number of analysts have commented on AME shares. Robert W. Baird dropped their price target on shares of AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Redburn Atlantic raised AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd. Wolfe Research raised AMETEK to a “hold” rating in a research note on Wednesday, September 18th. Finally, TD Cowen lowered AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. One investment 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $193.29.

AMETEK 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.