AMETEK (AME) : Exxonmobil Investment Management Inc Tx reduced its stake in AMETEK by 1.78% during the most recent quarter end. The investment management company now holds a total of 59,345 shares of AMETEK which is valued at $2,833,130 after selling 1,073 shares in AMETEK , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.AMETEK makes up approximately 0.06% of Exxonmobil Investment Management Inc Tx’s portfolio.
Other Hedge Funds, Including , Capital Investment Services Of America reduced its stake in AME by selling 172,825 shares or 74.98% in the most recent quarter. The Hedge Fund company now holds 57,679 shares of AME which is valued at $2,753,595. AMETEK makes up approx 0.53% of Capital Investment Services Of America’s portfolio.Chevy Chase Trust Holdings reduced its stake in AME by selling 5,449 shares or 2.73% in the most recent quarter. The Hedge Fund company now holds 193,944 shares of AME which is valued at $9,332,585. AMETEK makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio. Washington Trust Bank added AME to its portfolio by purchasing 22 company shares during the most recent quarter which is valued at $1,059.Eqis Capital Management boosted its stake in AME in the latest quarter, The investment management firm added 2,281 additional shares and now holds a total of 15,442 shares of AMETEK which is valued at $743,069. AMETEK makes up approx 0.05% of Eqis Capital Management’s portfolio.
AMETEK closed down -0.45 points or -0.93% at $47.74 with 17,69,214 shares getting traded on Friday. Post opening the session at $48.07, the shares hit an intraday low of $47.64 and an intraday high of $48.09 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.