Vinva Investment Management Ltd Sells 2,132 Shares of AMETEK, Inc. (NYSE:AME)

Vinva Investment Management Ltd trimmed its position in AMETEK, Inc. (NYSE:AMEFree Report) by 58.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,487 shares of the technology company’s stock after selling 2,132 shares during the period. Vinva Investment Management Ltd’s holdings in AMETEK were worth $246,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AME. M&T Bank Corp raised its holdings in AMETEK by 0.5% during 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 position in AMETEK by 5.5% during the fourth quarter. Provence Wealth Management Group now owns 1,435 shares of the technology company’s stock worth $237,000 after buying an additional 75 shares during the last quarter. Metis Global Partners LLC increased its position in AMETEK by 0.5% during the fourth quarter. Metis Global Partners LLC now owns 15,934 shares of the technology company’s stock worth $2,627,000 after buying an additional 82 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position 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 during the last quarter. Finally, Venturi Wealth Management LLC increased 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 last quarter. 87.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other AMETEK news, Director Steven W. Kohlhagen sold 1,470 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $170.20, for a total transaction of $250,194.00. Following the completion of the sale, the director now directly owns 26,249 shares in the company, valued at $4,467,579.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO William Joseph Burke sold 27,400 shares of the stock in a transaction on 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 transaction, 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. Insiders sold 37,941 shares of company stock worth $6,992,804 over the last three months. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AME shares. Robert W. Baird lowered their price target on AMETEK from $173.00 to $171.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. KeyCorp upped their target price on AMETEK from $182.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Oppenheimer raised AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 target price on the stock in a research report on Wednesday, May 22nd. StockNews.com raised AMETEK from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Finally, Truist Financial started coverage on AMETEK in a research report on Thursday, March 14th. They issued a “buy” rating and a $210.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.80.

View Our Latest Analysis on AMETEK

AMETEK Trading Up 0.8 %

Shares of NYSE:AME opened at $170.00 on Friday. The business’s 50 day simple moving average is $173.59 and its 200 day simple moving average is $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. AMETEK, Inc. has a 1 year low of $136.89 and a 1 year high of $186.32. The company has a market capitalization of $39.35 billion, a P/E ratio of 29.88, a P/E/G 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 for the quarter, topping the consensus estimate of $1.59 by $0.05. AMETEK had a return on equity of 17.74% and a net margin of 19.57%. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the prior year, the company earned $1.49 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. On average, research analysts anticipate that AMETEK, Inc. will post 6.83 EPS for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.66%. The ex-dividend date is Friday, June 14th. AMETEK’s payout ratio is presently 19.68%.

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

Want to see what other hedge funds are holding AME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMETEK, Inc. (NYSE:AMEFree Report).

Institutional Ownership by Quarter for AMETEK (NYSE:AME)

Receive News & Ratings for AMETEK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMETEK and related companies with MarketBeat.com's FREE daily email newsletter.