Allspring Global Investments Holdings LLC Buys 160 Shares of AMETEK, Inc. (NYSE:AME)

Allspring Global Investments Holdings LLC grew its position in AMETEK, Inc. (NYSE:AME) by 0.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,203 shares of the technology company’s stock after purchasing an additional 160 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.07% of AMETEK worth $26,822,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Compass Ion Advisors LLC acquired a new position in AMETEK in the 3rd quarter valued at $503,000. Schaper Benz & Wise Investment Counsel Inc. WI boosted its holdings in AMETEK by 4.0% during the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 104,932 shares of the technology company’s stock valued at $18,018,000 after acquiring an additional 4,059 shares during the period. Meridiem Investment Management Ltd. bought a new stake in AMETEK during the third quarter valued at about $130,579,000. Raymond James & Associates grew its position in shares of AMETEK by 2.6% in the third quarter. Raymond James & Associates now owns 176,737 shares of the technology company’s stock valued at $30,347,000 after purchasing an additional 4,557 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of AMETEK by 58.4% in the third quarter. Blue Trust Inc. now owns 2,198 shares of the technology company’s stock worth $366,000 after purchasing an additional 810 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AME has been the subject of several recent analyst reports. TD Cowen downgraded AMETEK from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Robert W. Baird lowered their price objective on shares of AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. Wolfe Research raised shares of AMETEK to a “hold” rating in a report on Wednesday, September 18th. Finally, Mizuho boosted their price objective on shares of AMETEK from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, AMETEK presently has an average rating of “Moderate Buy” and a consensus price target of $193.29.

AMETEK Trading Down 1.0 %

Shares of AME stock opened at $166.67 on Thursday. The firm has a fifty day moving average of $168.26 and a 200-day moving average of $169.35. The stock has a market cap of $38.58 billion, a price-to-earnings ratio of 29.29, a P/E/G ratio of 2.77 and a beta of 1.17. AMETEK, Inc. has a 52-week low of $136.89 and a 52-week high of $186.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.26.

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

AMETEK Announces Dividend

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

Insider Buying and Selling at AMETEK

In other AMETEK news, Director Steven W. Kohlhagen sold 1,460 shares of AMETEK stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the completion of the transaction, the director now directly owns 23,349 shares of the company’s stock, valued at approximately $4,006,454.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.61% of the company’s stock.

About AMETEK

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.