James Hambro & Partners LLP Has $111.07 Million Stock Position in AMETEK, Inc. (NYSE:AME)

James Hambro & Partners LLP lifted its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 3.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 645,499 shares of the technology company's stock after purchasing an additional 24,144 shares during the quarter. AMETEK comprises approximately 4.6% of James Hambro & Partners LLP's holdings, making the stock its 12th largest holding. James Hambro & Partners LLP owned approximately 0.28% of AMETEK worth $111,068,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its position in shares of AMETEK by 3,078.7% in the first quarter. Exchange Traded Concepts LLC now owns 25,970 shares of the technology company's stock worth $4,470,000 after acquiring an additional 25,153 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in AMETEK by 31.7% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 148,934 shares of the technology company's stock valued at $25,638,000 after purchasing an additional 35,825 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in AMETEK in the first quarter valued at about $141,000. Wealth Enhancement Advisory Services LLC lifted its position in AMETEK by 10.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 115,194 shares of the technology company's stock worth $19,829,000 after acquiring an additional 10,685 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its stake in shares of AMETEK by 3.1% in the first quarter. NorthCrest Asset Manangement LLC now owns 4,046 shares of the technology company's stock valued at $697,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 87.43% of the company's stock.

AMETEK Stock Performance

NYSE:AME traded up $1.76 during midday trading on Monday, reaching $178.72. 491,053 shares of the company traded hands, compared to its average volume of 1,287,715. The firm has a market capitalization of $41.26 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 2.73 and a beta of 1.10. The company has a fifty day moving average price of $171.32 and a 200 day moving average price of $178.07. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.24 and a quick ratio of 0.75. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.69 by $0.06. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.74 billion. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The company's quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 earnings per share. On average, analysts expect that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.24 dividend on an annualized basis and a yield of 0.69%. AMETEK's dividend payout ratio (DPR) is presently 20.29%.

Analysts Set New Price Targets

A number of research analysts recently commented on AME shares. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Mizuho set a $212.00 price objective on shares of AMETEK in a research note on Friday, May 16th. Royal Bank of Canada raised their price objective on shares of AMETEK from $194.00 to $201.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Robert W. Baird cut their target price on shares of AMETEK from $197.00 to $190.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, Morgan Stanley started coverage on AMETEK in a research note on Monday, April 14th. They issued an "equal weight" rating and a $170.00 price target for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AMETEK has an average rating of "Moderate Buy" and a consensus price target of $197.89.

Insider Transactions at AMETEK

In other news, Director Thomas A. Amato sold 710 shares of the business's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $176.64, for a total value of $125,414.40. Following the sale, the director now owns 10,560 shares of the company's stock, valued at approximately $1,865,318.40. The trade was a 6.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.57% of the company's stock.

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.