Clarius Group LLC Decreases Stake in AMETEK, Inc. (NYSE:AME)

Clarius Group LLC reduced its stake in AMETEK, Inc. (NYSE:AME) by 7.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,822 shares of the technology company’s stock after selling 151 shares during the period. Clarius Group LLC’s holdings in AMETEK were worth $300,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Giverny Capital Inc. increased its stake in shares of AMETEK by 0.5% during the third quarter. Giverny Capital Inc. now owns 897,056 shares of the technology company’s stock valued at $132,549,000 after buying an additional 4,556 shares during the period. Kestra Private Wealth Services LLC increased its stake in shares of AMETEK by 11.6% during the third quarter. Kestra Private Wealth Services LLC now owns 3,637 shares of the technology company’s stock valued at $537,000 after buying an additional 378 shares during the period. Pacer Advisors Inc. increased its stake in shares of AMETEK by 161.0% during the fourth quarter. Pacer Advisors Inc. now owns 44,684 shares of the technology company’s stock valued at $7,368,000 after buying an additional 27,562 shares during the period. Whittier Trust Co. increased its stake in shares of AMETEK by 9.0% during the third quarter. Whittier Trust Co. now owns 3,117 shares of the technology company’s stock valued at $461,000 after buying an additional 258 shares during the period. Finally, PFG Advisors increased its stake in shares of AMETEK by 208.1% during the fourth quarter. PFG Advisors now owns 21,376 shares of the technology company’s stock valued at $3,525,000 after buying an additional 14,439 shares during the period. 87.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AME. Truist Financial initiated coverage on AMETEK in a research note on Thursday, March 14th. They set a “buy” rating and a $210.00 target price on the stock. KeyCorp upped their price target on AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Royal Bank of Canada reduced their price target on AMETEK from $192.00 to $188.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Finally, StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $180.78.

Insider Activity at AMETEK

In other AMETEK news, CFO William Joseph Burke sold 27,400 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $185.05, for a total value of $5,070,370.00. Following the transaction, the chief financial officer now directly owns 106,512 shares of the company’s stock, valued at $19,710,045.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Steven W. Kohlhagen sold 1,400 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $180.59, for a total value of $252,826.00. Following the transaction, the director now owns 28,054 shares of the company’s stock, valued at $5,066,271.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William Joseph Burke sold 27,400 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $185.05, for a total value of $5,070,370.00. Following the completion of the transaction, the chief financial officer now directly owns 106,512 shares in the company, valued at approximately $19,710,045.60. The disclosure for this sale can be found here. Insiders have sold 59,881 shares of company stock valued at $10,689,758 over the last ninety days. Insiders own 0.61% of the company’s stock.

AMETEK Trading Down 0.4 %

NYSE AME opened at $179.71 on Monday. AMETEK, Inc. has a 12 month low of $133.12 and a 12 month high of $186.32. The stock has a market cap of $41.55 billion, a P/E ratio of 31.69, a P/E/G ratio of 2.87 and a beta of 1.22. The stock’s fifty day moving average price is $178.31 and its 200-day moving average price is $163.51. The company has a current ratio of 0.98, a quick ratio of 0.59 and a debt-to-equity ratio of 0.22.

AMETEK (NYSE:AME) last released its earnings results on Tuesday, February 6th. The technology company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.06. AMETEK had a return on equity of 17.96% and a net margin of 19.91%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities analysts forecast 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. Investors of record on Friday, March 8th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, March 7th. This is a boost from AMETEK’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. AMETEK’s dividend payout ratio (DPR) is 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.