Gateway Investment Advisers LLC acquires 1,162 shares in AMETEK, Inc. (NYSE: AME)

Gateway Investment Advisers LLC has increased its stakes in AMETEK, Inc. (NYSE: AME – Get Rating) by 8.7% in the first quarter, reports Holdings The fund held 14,505 shares of the technology company’s shares after purchasing an additional 1,162 shares during the quarter. AMateEK’s Gateway Investment Advisers LLC held $ 1,932,000 at its last SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DNB Asset Management AS increased its position in AMETEK by 13.8% in the first quarter. DNB Asset Management AS already owns 54,704 shares of the technology company’s shares worth $ 7,285,000 after acquiring an additional 6,635 shares in the last quarter. BlackRock Inc. increased its stake in AMETEK by 1.7% in the 4th quarter. BlackRock Inc. already owns 15,279,416 shares of the technology company’s shares worth $ 2,246,685,000 after buying an additional 259,800 shares in the last quarter. NuWave Investment Management LLC bought a new stake in AMETEK in the first quarter worth about $ 141,000. Mirae Asset Global Investments Co. Ltd. increased its stake in AMETEK by 23.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,409 shares of the technology company’s shares worth $ 2,560,000 after buying an additional 3,356 shares in the last quarter. Finally, King Luther Capital Management Corp. increased its stake in AMETEK by 1.1% in the 4th quarter. King Luther Capital Management Corp. now owns 48,717 shares of the technology company worth $ 7,163,000 after buying an additional 540 shares in the last quarter. 86.72% of the shares are currently owned by institutional investors and hedge funds.

Shares of AME opened at $ 113.50 on Friday. The company has a 50-day moving average of $ 120.21 and a 200-day moving average of $ 130.19. The company has a market capitalization of $ 26.21 billion, a P / E ratio of 25.33, a PEG ratio of 2.22 and a beta ratio of 1.27. AMETEK, Inc. has a 12-month low of $ 106.17 and a 12-month high of $ 148.07. The company has a fast ratio of 0.88, a current ratio of 1.43 and a debt to equity ratio of 0.32.

AMETEK (NYSE: AME – Get Rating) last released its quarterly earnings data on Tuesday, May 3rd. The technology company reported $ 1.33 EPS for the quarter, beating the consensus estimate of $ 1.27 by $ 0.06. The company had revenue of $ 1.46 billion in the quarter, compared to the consensus estimate of $ 1.46 billion. AMETEK had a net margin of 18.02% and a return on equity of 17.82%. AMETEK’s revenue for the quarter increased by 20.0% on an annual basis. During the same period last year, the company earned $ 1.07 EPS. As a group, stock analysts expect AMETEK, Inc. will report 5.44 EPS for the current year.

AMETEK announced that its board of directors has approved a share repurchase plan on Friday, May 6, which allows the company to repurchase $ 1.00 billion in shares. This repurchase permit allows the technology company to repurchase up to 3.6% of its shares through open market purchases. Share repurchase plans are often an indication that the company’s board of directors believes that its shares are undervalued.

The company also recently unveiled a three-month dividend that will be paid on Thursday, June 30th. The record investors on Friday, June 10, will receive a dividend of $ 0.22. This represents a $ 0.88 annual dividend and a yield of 0.78%. The date of the former dividend is Thursday, June 9. AMETEK’s dividend payout ratio (DPR) is currently 19.64%.

In related news, director Thomas A. Amato sold 615 shares of the company’s shares in a deal made on Monday, March 28th. The shares were sold at an average price of $ 133.03, for a total value of $ 81,813.45. The transaction was disclosed in documentation at the Securities and Exchange Commission, which can be accessed through the SEC website. 0.72% of the shares are currently owned by insiders of the company.

Several research firms commented on AME. Morgan Stanley lowered its target for AMETEK’s share price from $ 144.00 to $ 135.00 and set a rating for the company’s “overweight” in a research note on Tuesday, May 31st. began covering AMETEK shares in a research note on Thursday, March 31st. They issued a “retention” rating to the company. Robert W. Baird lowered his target for AMETEK stock prices from $ 156.00 to $ 140.00 and set a “neutral” rating for the company in a research note on Tuesday, May 10. Finally, KeyCorp lowered its target for AMETEK stock prices from $ 155.00 to $ 145.00 in a research note on Wednesday, May 4th. Two research analysts rated the shares with a retention rating, and eight issued a rating for the purchase of the company’s shares. Based on data from, AMETEK has a consensus rating of “Moderate Buying” and an average target price of $ 146.56.

Company profile of AMETEK (Get a rating)

AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices worldwide. It operates in two segments, electronic instruments (EIG) and electromechanical (EMG). The company’s EIG segment offers advanced tools for the process, space, energy and industrial markets; technological and analytical tools for the oil and gas, petrochemical, pharmaceutical, semiconductor, automated and food industries; and instruments for laboratory equipment, ultra-precision manufacturing, medical and markets for tests and measurements.

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Quarterly institutional ownership for AMETEK (NYSE: AME)

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