AMETEK, Inc. (AME) Holdings Raised by Millennium Management LLC

Millennium Management LLC boosted its holdings in AMETEK, Inc. (NYSE:AME) by 169.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,647,306 shares of the technology company’s stock after acquiring an additional 1,035,084 shares during the period. Millennium Management LLC owned about 0.71% of AMETEK worth $118,870,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AME. Tower Research Capital LLC TRC grew its position in AMETEK by 995.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,958 shares of the technology company’s stock worth $791,000 after purchasing an additional 9,958 shares in the last quarter. Aristotle Atlantic Partners LLC grew its position in AMETEK by 1,220.4% during the 2nd quarter. Aristotle Atlantic Partners LLC now owns 145,549 shares of the technology company’s stock worth $10,501,000 after purchasing an additional 134,526 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in AMETEK by 186.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 40,313 shares of the technology company’s stock worth $2,909,000 after purchasing an additional 26,220 shares in the last quarter. Point72 Asset Management L.P. grew its position in AMETEK by 67.6% during the 2nd quarter. Point72 Asset Management L.P. now owns 125,700 shares of the technology company’s stock worth $9,071,000 after purchasing an additional 50,700 shares in the last quarter. Finally, Bank of America Corp DE grew its position in AMETEK by 3.0% during the 2nd quarter. Bank of America Corp DE now owns 992,408 shares of the technology company’s stock worth $71,612,000 after purchasing an additional 28,858 shares in the last quarter. 85.15% of the stock is currently owned by hedge funds and other institutional investors.

In other AMETEK news, VP William Joseph Burke sold 15,600 shares of the company’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $80.00, for a total transaction of $1,248,000.00. Following the sale, the vice president now directly owns 68,289 shares of the company’s stock, valued at $5,463,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Wesley Hardin sold 29,955 shares of the company’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $81.55, for a total transaction of $2,442,830.25. Following the sale, the insider now directly owns 70,016 shares in the company, valued at $5,709,804.80. The disclosure for this sale can be found here. In the last three months, insiders sold 63,925 shares of company stock worth $5,118,510. 2.00% of the stock is currently owned by insiders.

AME has been the subject of a number of research reports. ValuEngine lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Royal Bank of Canada reissued a “buy” rating and set a $86.00 target price on shares of AMETEK in a research note on Wednesday, August 1st. Morgan Stanley lifted their target price on shares of AMETEK from $79.00 to $84.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 1st. BMO Capital Markets lifted their price objective on shares of AMETEK from $92.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, August 1st. Finally, Bank of America lifted their price objective on shares of AMETEK from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. AMETEK has an average rating of “Buy” and an average target price of $86.08.

NYSE:AME opened at $77.92 on Tuesday. AMETEK, Inc. has a 52-week low of $66.74 and a 52-week high of $81.92. The company has a current ratio of 1.71, a quick ratio of 1.19 and a debt-to-equity ratio of 0.42. The stock has a market cap of $18.35 billion, a PE ratio of 29.66, a P/E/G ratio of 2.25 and a beta of 1.18.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Tuesday, July 31st. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.05. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. AMETEK had a net margin of 16.65% and a return on equity of 16.94%. The business’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. On average, research analysts expect that AMETEK, Inc. will post 3.21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.56 dividend on an annualized basis and a yield of 0.72%. AMETEK’s payout ratio is currently 21.46%.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. Its Electronic Instruments Group segment offers advanced instruments for the process, power and industrial, and aerospace markets; process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage markets; and instruments for the laboratory equipment, ultraprecision manufacturing, medical, and test and measurement markets.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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