AMETEK, Inc. (NYSE:AME) Director Sells $250,521.40 in Stock

AMETEK, Inc. (NYSE:AME) Director Steven W. Kohlhagen sold 1,460 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the transaction, the director now owns 23,349 shares in the company, valued at approximately $4,006,454.91. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

AMETEK Trading Up 0.4 %

Shares of AMETEK stock traded up $0.69 during trading hours on Thursday, hitting $171.94. The company’s stock had a trading volume of 1,789,037 shares, compared to its average volume of 1,120,080. The company has a market capitalization of $39.81 billion, a PE ratio of 30.22, a price-to-earnings-growth ratio of 2.81 and a beta of 1.17. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.26 and a quick ratio of 0.76. The stock has a 50 day moving average of $166.37 and a 200 day moving average of $171.12. AMETEK, Inc. has a 12 month low of $136.89 and a 12 month high of $186.32.

AMETEK (NYSE:AME) last announced its earnings results on Thursday, August 1st. The technology company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.64 by $0.02. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period last year, the company posted $1.57 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts predict that AMETEK, Inc. will post 6.77 earnings per share for the current year.

AMETEK Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Monday, September 16th. AMETEK’s payout ratio is presently 19.68%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Robert W. Baird lowered their target price on AMETEK from $171.00 to $166.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. TD Cowen cut their price target on AMETEK from $165.00 to $158.00 and set a “hold” rating on the stock in a research note on Monday, August 5th. Truist Financial lowered their price objective on AMETEK from $204.00 to $201.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Royal Bank of Canada cut their target price on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $186.29.

Institutional Trading of AMETEK

Several hedge funds and other institutional investors have recently modified their holdings of the company. D.A. Davidson & CO. bought a new stake in AMETEK in the 4th quarter valued at approximately $201,000. Cambridge Investment Research Advisors Inc. grew its stake in AMETEK by 238.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 14,537 shares of the technology company’s stock valued at $2,397,000 after purchasing an additional 10,241 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of AMETEK by 71.3% during the 4th quarter. Advisory Services Network LLC now owns 5,391 shares of the technology company’s stock worth $889,000 after purchasing an additional 2,244 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of AMETEK by 175.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,767 shares of the technology company’s stock valued at $1,116,000 after buying an additional 4,314 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of AMETEK by 2.5% in the fourth quarter. Stifel Financial Corp now owns 50,138 shares of the technology company’s stock valued at $8,268,000 after buying an additional 1,245 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

About AMETEK

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.