Running Oak Capital LLC Boosts Stake in AMETEK, Inc. (NYSE:AME)

Running Oak Capital LLC raised its position in shares of AMETEK, Inc. (NYSE:AME) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,647 shares of the technology company’s stock after buying an additional 3,356 shares during the quarter. AMETEK comprises 1.8% of Running Oak Capital LLC’s portfolio, making the stock its 24th biggest holding. Running Oak Capital LLC’s holdings in AMETEK were worth $13,997,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. increased its position in AMETEK by 62.6% in the third quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company’s stock worth $34,000 after purchasing an additional 77 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of AMETEK by 3,116.7% in the 4th quarter. Versant Capital Management Inc now owns 193 shares of the technology company’s stock worth $35,000 after buying an additional 187 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in shares of AMETEK by 1,176.5% in the 4th quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company’s stock worth $39,000 after buying an additional 200 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of AMETEK by 42.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company’s stock valued at $42,000 after buying an additional 70 shares in the last quarter. Finally, Princeton Global Asset Management LLC bought a new position in shares of AMETEK in the 3rd quarter valued at about $44,000. Institutional investors own 87.43% of the company’s stock.

AMETEK Price Performance

Shares of AME stock opened at $187.91 on Friday. The company’s 50-day simple moving average is $186.47 and its two-hundred day simple moving average is $175.84. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. AMETEK, Inc. has a one year low of $149.03 and a one year high of $198.33. The company has a market capitalization of $43.47 billion, a P/E ratio of 32.74, a P/E/G ratio of 2.73 and a beta of 1.16.

AMETEK (NYSE:AME) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.62 by $0.04. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the business posted $1.64 EPS. AMETEK’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities analysts anticipate that AMETEK, Inc. will post 6.8 EPS for the current year.

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.60%. The ex-dividend date was Friday, December 6th. AMETEK’s payout ratio is 19.51%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AME. BNP Paribas raised AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 price objective on the stock in a research note on Thursday, January 16th. StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Bank of America raised shares of AMETEK from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $195.00 to $225.00 in a research note on Monday, December 16th. Mizuho increased their target price on shares of AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, KeyCorp lifted their price target on shares of AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $203.44.

Insider Buying and Selling at AMETEK

In other news, insider Tony J. Ciampitti sold 16,210 shares of AMETEK stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total value of $3,193,532.10. Following the transaction, the insider now directly owns 49,490 shares in the company, valued at approximately $9,750,024.90. This trade represents a 24.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Emanuela Speranza sold 6,747 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $195.90, for a total value of $1,321,737.30. Following the sale, the insider now owns 30,460 shares of the company’s stock, valued at $5,967,114. This trade represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,200 shares of company stock valued at $5,707,620. Company insiders own 0.61% 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.