AMETEK, Inc. (NYSE:AME) Stock Holdings Increased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC boosted its position in AMETEK, Inc. (NYSE:AME) by 6.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,734 shares of the technology company’s stock after buying an additional 105 shares during the quarter. Fidelis Capital Partners LLC’s holdings in AMETEK were worth $289,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. increased its holdings in AMETEK by 0.8% in the third quarter. Farmers & Merchants Investments Inc. now owns 55,193 shares of the technology company’s stock valued at $9,477,000 after buying an additional 412 shares during the last quarter. Baker Tilly Wealth Management LLC bought a new stake in AMETEK in the third quarter valued at about $284,000. State of Alaska Department of Revenue increased its holdings in AMETEK by 6.1% in the third quarter. State of Alaska Department of Revenue now owns 30,300 shares of the technology company’s stock valued at $5,202,000 after buying an additional 1,735 shares during the last quarter. Smith Salley Wealth Management increased its holdings in AMETEK by 0.9% in the third quarter. Smith Salley Wealth Management now owns 126,829 shares of the technology company’s stock valued at $21,778,000 after buying an additional 1,118 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its holdings in AMETEK by 13.8% in the third quarter. GHP Investment Advisors Inc. now owns 56,731 shares of the technology company’s stock valued at $9,741,000 after buying an additional 6,882 shares during the last quarter. 87.43% of the stock is owned by institutional investors.

Insider Buying and Selling

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 stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the sale, the director now owns 23,349 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Royal Bank of Canada decreased their target price on AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Truist Financial lifted their target price on AMETEK from $201.00 to $219.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Mizuho lifted their target price on AMETEK from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Redburn Atlantic upgraded AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd. Finally, TD Cowen downgraded AMETEK from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $193.29.

AMETEK Stock Performance

Shares of NYSE AME opened at $168.84 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 0.20. The stock has a 50 day simple moving average of $168.59 and a 200-day simple moving average of $168.90. The company has a market cap of $39.08 billion, a PE ratio of 29.67, a P/E/G ratio of 2.77 and a beta of 1.17. AMETEK, Inc. has a 12-month low of $136.89 and a 12-month high of $186.32.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.02. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the firm posted $1.57 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts forecast that AMETEK, Inc. will post 6.76 EPS for the current year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.12 annualized dividend and a yield of 0.66%. AMETEK’s payout ratio is 19.68%.

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.