Breaking: Ametek Inc (NYSE:AME) Institutional Investor Sentiment Analysis

November 28, 2016 - By Ruchi Gupta   ·   0 Comments

Breaking: Ametek Inc (NYSE:AME) Institutional Investor Sentiment Analysis

Sentiment for Ametek Inc (NYSE:AME)

Ametek Inc (NYSE:AME) institutional sentiment increased to 0.99 in Q2 2016. Its up 0.11, from 0.88 in 2016Q1. The ratio increased, as 160 funds started new or increased equity positions, while 182 sold and decreased stock positions in Ametek Inc. The funds in our partner’s database now have: 197.23 million shares, down from 204.57 million shares in 2016Q1. Also, the number of funds holding Ametek Inc in their top 10 equity positions decreased from 5 to 2 for a decrease of 3. Sold All: 36 Reduced: 146 Increased: 129 New Position: 31.

AMETEK, Inc. is a manufacturer of electronic instruments and electromechanical devices. The company has a market cap of $10.71 billion. The Firm operates through two divisions: Electronic Instruments (EIG) and Electromechanical (EMG). It has a 20.19 P/E ratio. EIG creates and makes advanced instruments for the process, aerospace, power and industrial markets.

About 1.67M shares traded hands. AMETEK, Inc. (NYSE:AME) has declined 6.99% since April 25, 2016 and is downtrending. It has underperformed by 13.01% the S&P500.

Analysts await AMETEK, Inc. (NYSE:AME) to report earnings on February, 3. They expect $0.58 EPS, down 7.94% or $0.05 from last year’s $0.63 per share. AME’s profit will be $134.18M for 19.94 P/E if the $0.58 EPS becomes a reality. After $0.56 actual EPS reported by AMETEK, Inc. for the previous quarter, Wall Street now forecasts 3.57% EPS growth.

According to Zacks Investment Research, “AMETEK is a leading global manufacturer of electric motors and electronic instruments. The company markets its products worldwide through two operating groups, the Electronic Instruments Group and the Electromechanical Group. EIG builds technologically advanced monitoring, sensing, calibration, and display devices for the aerospace, heavy vehicle and process industries. EMG manufactures air-moving electric motors for vacuum cleaners and other floor-care products, and produces of brushless air-moving motors for aerospace, mass-transit, and computer markets.”

Sq Advisors Llc holds 14.59% of its portfolio in AMETEK, Inc. for 7.46 million shares. Mountain Pacific Investment Advisers Inc Id owns 574,600 shares or 3.05% of their US portfolio. Moreover, Midwest Investment Management Llc has 2.64% invested in the company for 69,983 shares. The Pennsylvania-based Northstar Asset Management Llc has invested 2.08% in the stock. Capital Investment Services Of America Inc., a Wisconsin-based fund reported 230,504 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 5 insider sales for $1.88 million net activity.

AMETEK, Inc. (NYSE:AME) Ratings Coverage

Ratings analysis reveals 70% of AMETEK’s analysts are positive. Out of 10 Wall Street analysts rating AMETEK, 7 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $30 while the high is $63. The stock’s average target of $51.88 is 12.15% above today’s ($46.26) share price. AME was included in 20 notes of analysts from August 5, 2015. RBC Capital Markets maintained the shares of AME in a report on Monday, February 8 with “Outperform” rating. The rating was downgraded by Robert W. Baird to “Neutral” on Friday, April 29. The company was maintained on Tuesday, August 9 by Jefferies. The stock of AMETEK, Inc. (NYSE:AME) has “Outperform” rating given on Friday, August 5 by Oppenheimer. On Tuesday, April 5 the stock rating was initiated by BMO Capital Markets with “Outperform”. The company was maintained on Friday, August 5 by RBC Capital Markets. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, November 2. The company was downgraded on Friday, April 29 by Atlantic Securities. Bank of America upgraded the shares of AME in a report on Thursday, October 29 to “Buy” rating. The firm earned “Buy” rating on Wednesday, August 5 by Oppenheimer.

AME Company Profile

AMETEK, Inc. (AMETEK), incorporated on May 8, 1986, is a maker of electronic instruments and electromechanical devices with activities in North America, Europe, Asia and South America. The Firm operates through two divisions: Electronic Instruments (EIG) and Electromechanical (EMG). EIG creates and makes advanced instruments for the process, aerospace, power and industrial markets. EMG is a supplier of electrical interconnects, precision motion control solutions, specialty metals, thermal management systems, and floor care and specialty motors. The Company’s end markets include aerospace and defense, medical, factory automation, mass transit, petrochemical and other industrial markets.

More recent AMETEK, Inc. (NYSE:AME) news were published by: Prnewswire.com which released: “AMETEK To Present At Baird’s 2016 Global Industrial Conference” on November 04, 2016. Also Prnewswire.com published the news titled: “AMETEK Acquires Laserage Technology Corporation” on November 01, 2016. Prnewswire.com‘s news article titled: “AMETEK Announces Third Quarter 2016 Results” with publication date: November 01, 2016 was also an interesting one.

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By Ruchi Gupta

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