Thomas C. Marecic Sells 2,318 Shares of AMETEK, Inc. (NYSE:AME) Stock

AMETEK, Inc. (NYSE:AMEGet Rating) insider Thomas C. Marecic sold 2,318 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $141.01, for a total value of $326,861.18. Following the transaction, the insider now owns 31,622 shares of the company’s stock, valued at $4,459,018.22. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

AMETEK Trading Up 0.3 %

NYSE:AME opened at $142.08 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.53 and a debt-to-equity ratio of 0.29. AMETEK, Inc. has a 1-year low of $106.17 and a 1-year high of $148.07. The firm has a market capitalization of $32.63 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 2.57 and a beta of 1.24. The stock has a fifty day simple moving average of $124.35 and a 200 day simple moving average of $120.77.

AMETEK (NYSE:AMEGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The technology company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.08. AMETEK had a return on equity of 18.40% and a net margin of 18.81%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the company posted $1.26 EPS. AMETEK’s revenue for the quarter was up 7.7% on a year-over-year basis. Sell-side analysts forecast that AMETEK, Inc. will post 5.63 earnings per share for the current year.

AMETEK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Wednesday, December 7th will be given a $0.22 dividend. The ex-dividend date is Tuesday, December 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.62%. AMETEK’s dividend payout ratio (DPR) is 18.00%.

Institutional Investors Weigh In On AMETEK

Institutional investors have recently bought and sold shares of the business. AIA Group Ltd boosted its position in AMETEK by 69.4% during the 1st quarter. AIA Group Ltd now owns 625 shares of the technology company’s stock worth $83,000 after acquiring an additional 256 shares during the period. South Dakota Investment Council acquired a new stake in AMETEK during the 1st quarter worth about $93,000. Metis Global Partners LLC boosted its position in AMETEK by 81.3% during the 1st quarter. Metis Global Partners LLC now owns 3,660 shares of the technology company’s stock worth $487,000 after acquiring an additional 1,641 shares during the period. Envestnet Asset Management Inc. boosted its position in AMETEK by 3.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 180,744 shares of the technology company’s stock worth $19,862,000 after acquiring an additional 6,278 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in AMETEK by 4.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 15,576 shares of the technology company’s stock worth $1,711,000 after acquiring an additional 704 shares during the period. 85.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AME. KeyCorp boosted their price target on AMETEK from $145.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday. Wells Fargo & Company reduced their price target on AMETEK from $180.00 to $165.00 and set an “overweight” rating for the company in a research report on Monday, October 24th. DA Davidson boosted their price target on AMETEK to $160.00 in a research report on Tuesday, August 9th. StockNews.com upgraded AMETEK from a “hold” rating to a “buy” rating in a research report on Tuesday, November 15th. Finally, Royal Bank of Canada upped their price objective on AMETEK from $135.00 to $136.00 and gave the company an “outperform” rating in a report on Wednesday, November 2nd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, AMETEK has an average rating of “Moderate Buy” and an average price target of $149.80.

About AMETEK

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AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. It operates in two segments, Electronic Instruments (EIG) and Electromechanical (EMG). 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; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets.

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