AMETEK, Inc. (NYSE:AME) Shares Sold by 1832 Asset Management L.P.

1832 Asset Management L.P. lessened its position in AMETEK, Inc. (NYSE:AMEFree Report) by 5.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,605 shares of the technology company’s stock after selling 982 shares during the period. 1832 Asset Management L.P.’s holdings in AMETEK were worth $3,068,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. M&T Bank Corp raised its position in AMETEK by 0.5% in the fourth quarter. M&T Bank Corp now owns 15,442 shares of the technology company’s stock worth $2,547,000 after acquiring an additional 73 shares in the last quarter. Provence Wealth Management Group increased its holdings in shares of AMETEK by 5.5% in the 4th quarter. Provence Wealth Management Group now owns 1,435 shares of the technology company’s stock valued at $237,000 after purchasing an additional 75 shares in the last quarter. Metis Global Partners LLC lifted its stake in shares of AMETEK by 0.5% in the fourth quarter. Metis Global Partners LLC now owns 15,934 shares of the technology company’s stock valued at $2,627,000 after purchasing an additional 82 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in AMETEK by 4.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 1,919 shares of the technology company’s stock worth $284,000 after buying an additional 85 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in AMETEK by 2.7% during the fourth quarter. Venturi Wealth Management LLC now owns 3,203 shares of the technology company’s stock worth $528,000 after buying an additional 85 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

Insider Activity at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,470 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $170.20, for a total value of $250,194.00. Following the transaction, the director now directly owns 26,249 shares in the company, valued at approximately $4,467,579.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Thomas M. Montgomery sold 6,891 shares of AMETEK stock in a transaction 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 transaction, the vice president now owns 21,543 shares in the company, valued at approximately $3,993,641.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven W. Kohlhagen sold 1,470 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $170.20, for a total value of $250,194.00. Following the completion of the sale, the director now owns 26,249 shares of the company’s stock, valued at $4,467,579.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,941 shares of company stock worth $6,992,804. 0.61% of the stock is owned by insiders.

AMETEK Stock Up 0.8 %

AME opened at $170.00 on Friday. AMETEK, Inc. has a 12 month low of $136.89 and a 12 month high of $186.32. The business has a 50-day moving average of $173.59 and a two-hundred day moving average of $170.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 0.66. The stock has a market capitalization of $39.35 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 2.70 and a beta of 1.20.

AMETEK (NYSE:AMEGet Free Report) last released its earnings results on Thursday, May 2nd. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.78 billion. AMETEK had a net margin of 19.57% and a return on equity of 17.74%. AMETEK’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.49 earnings per share. On average, research analysts expect that AMETEK, Inc. will post 6.83 earnings per share for the current year.

AMETEK Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Friday, June 14th. AMETEK’s payout ratio is currently 19.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AME shares. KeyCorp boosted 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. StockNews.com upgraded AMETEK from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Oppenheimer raised AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 price target for the company in a research note on Wednesday, May 22nd. Truist Financial assumed coverage on shares of AMETEK in a research report on Thursday, March 14th. They issued a “buy” rating and a $210.00 price objective on the stock. Finally, Robert W. Baird dropped their target price on shares of AMETEK from $173.00 to $171.00 and set a “neutral” rating for the company in a report on Monday, May 6th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $181.80.

Read Our Latest Research Report on AMETEK

AMETEK Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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