Massmutual Trust Co. FSB ADV Sells 177 Shares of AMETEK, Inc. (NYSE:AME)

Massmutual Trust Co. FSB ADV cut its holdings in shares of AMETEK, Inc. (NYSE:AME – Get Rating) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,734 shares of the technology company’s stock after selling 177 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in AMETEK were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. lifted its holdings in AMETEK by 10.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 72,343 shares of the technology company’s stock worth $8,207,000 after acquiring an additional 6,767 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in AMETEK during the third quarter worth about $21,208,000. Power Corp of Canada bought a new position in AMETEK during the third quarter worth about $470,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in AMETEK by 2.1% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 844,061 shares of the technology company’s stock worth $95,725,000 after acquiring an additional 17,398 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of AMETEK by 20.1% in the third quarter. Captrust Financial Advisors now owns 10,665 shares of the technology company’s stock valued at $1,210,000 after purchasing an additional 1,782 shares in the last quarter. 85.42% of the stock is currently owned by institutional investors.

AMETEK Price Performance

Shares of NYSE AME opened at $134.99 on Friday. The business’s 50 day moving average price is $142.72 and its two-hundred day moving average price is $134.30. The company has a market cap of $31.09 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 2.54 and a beta of 1.22. The company has a quick ratio of 0.95, a current ratio of 1.62 and a debt-to-equity ratio of 0.29. AMETEK, Inc. has a twelve month low of $106.17 and a twelve month high of $148.06.

AMETEK (NYSE:AME – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The technology company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.59 billion. AMETEK had a return on equity of 18.46% and a net margin of 18.85%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.37 earnings per share. On average, analysts predict that AMETEK, Inc. will post 5.98 EPS for the current year.

AMETEK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be given a $0.25 dividend. This is an increase from AMETEK’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $1.00 annualized dividend and a dividend yield of 0.74%. AMETEK’s dividend payout ratio is presently 19.96%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. KeyCorp boosted their price target on AMETEK from $145.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, November 21st. StockNews.com assumed coverage on AMETEK in a report on Thursday. They issued a “buy” rating on the stock. Morgan Stanley boosted their price target on AMETEK from $152.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. Loop Capital boosted their price target on AMETEK from $160.00 to $164.00 in a report on Thursday, January 12th. Finally, Wolfe Research lowered AMETEK from an “outperform” rating to a “peer perform” rating in a report on Thursday, February 23rd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $151.11.

Insider Activity

In other news, insider Ronald J. Oscher sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $145.28, for a total value of $944,320.00. Following the transaction, the insider now owns 28,563 shares of the company’s stock, valued at $4,149,632.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Gretchen W. Mcclain sold 2,720 shares of the business’s stock in a transaction that occurred on Wednesday, December 28th. The stock was sold at an average price of $140.62, for a total value of $382,486.40. Following the completion of the sale, the director now directly owns 14,704 shares in the company, valued at $2,067,676.48. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Ronald J. Oscher sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $145.28, for a total value of $944,320.00. Following the completion of the sale, the insider now owns 28,563 shares of the company’s stock, valued at $4,149,632.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,440 shares of company stock valued at $2,507,660. 0.72% of the stock is owned by insiders.

About AMETEK

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AMETEK, Inc engages in the manufacture of electronic instruments and electromechanical devices. It operates through the following two segments: Electronic Instruments (EIG) and Electromechanical (EMG). The EIG segment designs and manufactures advanced instruments for the process, aerospace, power and industrial markets.