Cerity Partners LLC Boosts Holdings in AMETEK, Inc. (NYSE:AME)

Cerity Partners LLC boosted its position in AMETEK, Inc. (NYSE:AME) by 2,511.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,898 shares of the technology company’s stock after purchasing an additional 35,485 shares during the quarter. Cerity Partners LLC’s holdings in AMETEK were worth $6,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. GHP Investment Advisors Inc. increased its holdings in shares of AMETEK by 9.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 41,231 shares of the technology company’s stock worth $6,799,000 after buying an additional 3,430 shares during the last quarter. Segment Wealth Management LLC bought a new position in shares of AMETEK in the 4th quarter worth $254,000. Sequoia Financial Advisors LLC increased its holdings in shares of AMETEK by 45.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,842 shares of the technology company’s stock worth $963,000 after buying an additional 1,828 shares during the last quarter. Tobam bought a new position in shares of AMETEK in the 4th quarter worth $68,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of AMETEK in the 4th quarter worth $26,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at AMETEK

In other news, Director Thomas A. Amato sold 780 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $182.00, for a total value of $141,960.00. Following the completion of the sale, the director now directly owns 10,240 shares of the company’s stock, valued at approximately $1,863,680. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO William Joseph Burke sold 17,437 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $168.51, for a total value of $2,938,308.87. Following the completion of the sale, the chief financial officer now directly owns 101,709 shares of the company’s stock, valued at approximately $17,138,983.59. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas A. Amato sold 780 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $182.00, for a total transaction of $141,960.00. Following the completion of the sale, the director now directly owns 10,240 shares of the company’s stock, valued at $1,863,680. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,881 shares of company stock valued at $10,689,758. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

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

AMETEK Price Performance

Shares of AMETEK stock opened at $179.08 on Wednesday. The firm has a market cap of $41.41 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 2.87 and a beta of 1.22. AMETEK, Inc. has a 12-month low of $133.12 and a 12-month high of $186.32. 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 company’s fifty day simple moving average is $178.82 and its two-hundred day simple moving average is $163.94.

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

AMETEK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Thursday, March 7th. This is a positive change from AMETEK’s previous quarterly dividend of $0.25. 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.