AMETEK, Inc. (NYSE:AME) Shares Acquired by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. raised its holdings in shares of AMETEK, Inc. (NYSE:AME) by 20.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,890 shares of the technology company’s stock after purchasing an additional 649 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in AMETEK were worth $642,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. acquired a new stake in AMETEK in the fourth quarter valued at $25,000. Bruce G. Allen Investments LLC acquired a new stake in AMETEK during the fourth quarter valued at approximately $28,000. Covestor Ltd lifted its holdings in AMETEK by 84.3% during the 1st quarter. Covestor Ltd now owns 212 shares of the technology company’s stock worth $28,000 after buying an additional 97 shares during the last quarter. Resurgent Financial Advisors LLC acquired a new position in shares of AMETEK in the 4th quarter worth approximately $28,000. Finally, Quarry LP bought a new stake in shares of AMETEK in the 1st quarter valued at approximately $35,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. KeyCorp lifted their price objective on shares of AMETEK from $182.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Finally, Truist Financial started coverage on AMETEK in a research report on Thursday, March 14th. They set a “buy” rating and a $210.00 price target for the company. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, AMETEK currently has an average rating of “Moderate Buy” and a consensus target price of $180.78.

Insider Buying and Selling at AMETEK

In related news, VP Thomas M. Montgomery sold 6,891 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $185.38, for a total transaction of $1,277,453.58. Following the completion of the sale, the vice president now directly owns 21,543 shares in the company, valued at $3,993,641.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO William Joseph Burke sold 5,973 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $168.90, for a total transaction of $1,008,839.70. Following the completion of the sale, the chief financial officer now directly owns 101,709 shares in the company, valued at $17,178,650.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Thomas M. Montgomery sold 6,891 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $185.38, for a total value of $1,277,453.58. Following the completion of the transaction, the vice president now owns 21,543 shares in the company, valued at approximately $3,993,641.34. The disclosure for this sale can be found here. Insiders have sold a total of 59,881 shares of company stock valued at $10,689,758 in the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

AMETEK Stock Performance

AME opened at $179.71 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.98 and a debt-to-equity ratio of 0.22. The firm has a market cap of $41.55 billion, a PE ratio of 31.69, a P/E/G ratio of 2.87 and a beta of 1.22. The business has a fifty day simple moving average of $178.31 and a 200-day simple moving average of $163.31. AMETEK, Inc. has a fifty-two week low of $133.12 and a fifty-two week high of $186.32.

AMETEK (NYSE:AME) last announced its earnings results on Tuesday, February 6th. The technology company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.62 by $0.06. AMETEK had a net margin of 19.91% and a return on equity of 17.96%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the company posted $1.52 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities analysts predict that AMETEK, Inc. will post 6.82 EPS for the current fiscal year.

AMETEK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from AMETEK’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. AMETEK’s dividend payout ratio (DPR) is presently 19.75%.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. 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; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.