Schaper Benz Wise Investment Counsel Incwi buys $4,386,331 stake in AMETEK (AME)

AMETEK (AME) : Schaper Benz Wise Investment Counsel Incwi scooped up 24,610 additional shares in AMETEK during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 93,625 shares of AMETEK which is valued at $4,386,331.AMETEK makes up approximately 0.77% of Schaper Benz Wise Investment Counsel Incwi’s portfolio.

Other Hedge Funds, Including , World Asset Management Inc reduced its stake in AME by selling 7 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 22,830 shares of AME which is valued at $1,069,586. AMETEK makes up approx 0.04% of World Asset Management Inc’s portfolio.Aberdeen Asset Management Plcuk reduced its stake in AME by selling 703 shares or 1.62% in the most recent quarter. The Hedge Fund company now holds 42,614 shares of AME which is valued at $1,996,466. AMETEK makes up approx 0.01% of Aberdeen Asset Management Plcuk’s portfolio.Louisiana State Employees Retirement System reduced its stake in AME by selling 500 shares or 3.16% in the most recent quarter. The Hedge Fund company now holds 15,300 shares of AME which is valued at $722,313. AMETEK makes up approx 0.04% of Louisiana State Employees Retirement System’s portfolio.Hartford Investment Management Co reduced its stake in AME by selling 3,099 shares or 5.24% in the most recent quarter. The Hedge Fund company now holds 56,014 shares of AME which is valued at $2,651,703. AMETEK makes up approx 0.05% of Hartford Investment Management Co’s portfolio.Cim reduced its stake in AME by selling 105 shares or 1.19% in the most recent quarter. The Hedge Fund company now holds 8,718 shares of AME which is valued at $414,279. AMETEK makes up approx 0.20% of Cim’s portfolio.

AMETEK opened for trading at $46.34 and hit $47.31 on the upside on Monday, eventually ending the session at $47.08, with a gain of 1.93% or 0.89 points. The heightened volatility saw the trading volume jump to 47,60,694 shares. Company has a market cap of $10,942 M.

On the company’s financial health, AMETEK reported $0.59 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.59. The company had revenue of $977.70 million for the quarter, compared to analysts expectations of $985.76 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on AMETEK. Shares were Reiterated by RBC Capital Mkts on Aug 5, 2016 to “Outperform” and Lowered the Price Target to $ 53 from a previous price target of $56 .

AMETEK Inc. (AMETEK) is a manufacturer of electronic instruments and electromechanical devices with operations in North America Europe Asia and South America. AMETEK markets and sells its products through two groups: Electronic Instruments (EIG) and Electromechanical (EMG). The Company’s EIG segment designs and manufactures advanced instruments for the process aerospace power and industrial markets. It offers process control instruments for the oil and gas petrochemical pharmaceutical semiconductor and factory automation industries. The Company’s EMG segment offers electrical connectors and electronics packaging used in aerospace and defense medical and industrial applications as well as its advanced technical motor and motion control products which are used in a range of medical devices office and business equipment factory automation robotics and other applications.

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