AMETEK, Inc. (NYSE:AME) Stock Position Lifted by Monte Financial Group LLC

Monte Financial Group LLC lifted its stake in shares of AMETEK, Inc. (NYSE:AME) by 3.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,081 shares of the technology company’s stock after purchasing an additional 266 shares during the quarter. Monte Financial Group LLC’s holdings in AMETEK were worth $1,216,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Kingswood Wealth Advisors LLC lifted its stake in shares of AMETEK by 16.6% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 2,186 shares of the technology company’s stock worth $400,000 after acquiring an additional 312 shares during the period. Mayfair Advisory Group LLC boosted its stake in AMETEK by 3.4% during the 1st quarter. Mayfair Advisory Group LLC now owns 8,565 shares of the technology company’s stock valued at $1,567,000 after purchasing an additional 283 shares in the last quarter. MorganRosel Wealth Management LLC increased its position in shares of AMETEK by 4.7% during the 1st quarter. MorganRosel Wealth Management LLC now owns 3,825 shares of the technology company’s stock valued at $700,000 after purchasing an additional 170 shares during the period. Buffington Mohr McNeal raised its stake in shares of AMETEK by 0.3% in the 1st quarter. Buffington Mohr McNeal now owns 63,076 shares of the technology company’s stock worth $11,537,000 after buying an additional 204 shares in the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of AMETEK in the first quarter valued at $46,343,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Trading Down 1.0 %

AMETEK stock opened at $166.67 on Thursday. AMETEK, Inc. has a 52 week low of $136.89 and a 52 week high of $186.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.26. The firm has a market capitalization of $38.58 billion, a price-to-earnings ratio of 29.29, a P/E/G ratio of 2.77 and a beta of 1.17. The company has a 50 day moving average price of $168.26 and a 200 day moving average price of $169.35.

AMETEK (NYSE:AME) last issued 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. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.78 billion. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. AMETEK’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.57 earnings per share. Research analysts forecast that AMETEK, Inc. will post 6.76 EPS for the current year.

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.28 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.67%. AMETEK’s dividend payout ratio is 19.68%.

Insider Transactions at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total transaction of $250,521.40. Following the transaction, the director now directly owns 23,349 shares of the company’s stock, valued at approximately $4,006,454.91. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AME shares. StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Truist Financial boosted their target price on shares of AMETEK from $201.00 to $219.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Royal Bank of Canada reduced their target price on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Mizuho upped their price target on AMETEK from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, Wolfe Research raised AMETEK to a “hold” rating in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, AMETEK has a consensus rating of “Moderate Buy” and a consensus target price of $193.29.

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.