Level Four Advisory Services LLC Purchases New Holdings in AMETEK, Inc. (NYSE:AME)

Level Four Advisory Services LLC purchased a new stake in AMETEK, Inc. (NYSE:AME) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,422 shares of the technology company’s stock, valued at approximately $352,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Ontario Teachers Pension Plan Board acquired a new position in AMETEK in the 1st quarter valued at $1,755,000. ProShare Advisors LLC increased its position in AMETEK by 12.2% during the 1st quarter. ProShare Advisors LLC now owns 44,330 shares of the technology company’s stock worth $6,442,000 after purchasing an additional 4,809 shares during the period. Toroso Investments LLC increased its position in AMETEK by 5.2% during the 1st quarter. Toroso Investments LLC now owns 2,915 shares of the technology company’s stock worth $424,000 after purchasing an additional 144 shares during the period. Power Corp of Canada increased its position in AMETEK by 100.0% during the 1st quarter. Power Corp of Canada now owns 8,292 shares of the technology company’s stock worth $1,155,000 after purchasing an additional 4,146 shares during the period. Finally, Trivant Custom Portfolio Group LLC acquired a new position in AMETEK during the 1st quarter worth approximately $2,461,000. Institutional investors and hedge funds own 85.70% of the company’s stock.

AMETEK Stock Performance

NYSE:AME opened at $152.47 on Tuesday. AMETEK, Inc. has a 1-year low of $110.87 and a 1-year high of $164.75. The firm has a 50 day simple moving average of $157.24 and a 200-day simple moving average of $149.44. The firm has a market cap of $35.18 billion, a PE ratio of 28.55, a P/E/G ratio of 2.67 and a beta of 1.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.16 and a quick ratio of 1.34.

AMETEK (NYSE:AME) last announced its earnings results on Tuesday, August 1st. The technology company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. AMETEK had a net margin of 19.23% and a return on equity of 18.32%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business earned $1.38 earnings per share. AMETEK’s revenue was up 8.7% compared to the same quarter last year. On average, equities analysts expect that AMETEK, Inc. will post 6.25 EPS for the current year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Wednesday, September 13th. AMETEK’s payout ratio is 18.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Seaport Res Ptn reaffirmed a “buy” rating on shares of AMETEK in a research note on Monday, August 7th. Morgan Stanley upped their price target on AMETEK from $162.00 to $174.00 and gave the stock an “overweight” rating in a report on Wednesday, August 2nd. StockNews.com started coverage on AMETEK in a report on Thursday, August 17th. They issued a “buy” rating on the stock. KeyCorp upped their price target on AMETEK from $165.00 to $176.00 and gave the stock an “overweight” rating in a report on Wednesday, August 2nd. Finally, Royal Bank of Canada increased their price objective on shares of AMETEK from $174.00 to $182.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, AMETEK has an average rating of “Moderate Buy” and a consensus price target of $175.29.

Insiders Place Their Bets

In other AMETEK news, Director Steven W. Kohlhagen sold 1,565 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $160.37, for a total value of $250,979.05. Following the sale, the director now directly owns 31,909 shares of the company’s stock, valued at approximately $5,117,246.33. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other AMETEK news, Director Steven W. Kohlhagen sold 1,565 shares of AMETEK stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $160.37, for a total value of $250,979.05. Following the transaction, the director now owns 31,909 shares in the company, valued at approximately $5,117,246.33. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven W. Kohlhagen sold 1,645 shares of AMETEK stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $152.74, for a total value of $251,257.30. Following the completion of the transaction, the director now directly owns 30,264 shares in the company, valued at $4,622,523.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,140 shares of company stock valued at $5,940,876. Insiders own 0.72% of the company’s stock.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. It operates in two segments, Electronic Instruments (EIG) and Electromechanical (EMG). 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; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets.Its EMG segment offers engineered electrical connectors and electronics packaging to protect sensitive devices and mission-critical electronics; precision motion control products for data storage, medical devices, business equipment, automation, and other applications; high-purity powdered metals, strips and foils, specialty clad metals, and metal matrix composites; motor-blower systems and heat exchangers for use in thermal management, military, commercial aircraft, and military ground vehicles; and motors for use in commercial appliances, fitness equipment, food and beverage machines, hydraulic pumps, and industrial blowers.