AMETEK, Inc. (NYSE:AME) Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP increased its holdings in shares of AMETEK, Inc. (NYSE:AME) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,891 shares of the technology company’s stock after acquiring an additional 188 shares during the period. Wasatch Advisors LP’s holdings in AMETEK were worth $1,012,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AME. Family Firm Inc. acquired a new stake in AMETEK in the second quarter valued at $39,000. Industrial Alliance Investment Management Inc. acquired a new stake in AMETEK in the second quarter valued at $42,000. Princeton Global Asset Management LLC acquired a new stake in AMETEK in the third quarter valued at $44,000. Crewe Advisors LLC grew its holdings in AMETEK by 168.8% in the second quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock valued at $49,000 after purchasing an additional 184 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in AMETEK in the second quarter valued at $50,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on AME. TD Cowen lowered AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. StockNews.com downgraded AMETEK from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Robert W. Baird upped their price objective on AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. KeyCorp upped their price objective on AMETEK from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, Wolfe Research upgraded AMETEK to a “hold” rating in a research report on Wednesday, September 18th. One research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.29.

AMETEK Stock Performance

NYSE AME opened at $194.38 on Monday. The business’s 50-day moving average price is $179.05 and its 200 day moving average price is $171.63. AMETEK, Inc. has a twelve month low of $149.03 and a twelve month high of $198.33. The company has a market capitalization of $44.96 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 3.17 and a beta of 1.16. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18.

AMETEK (NYSE:AME) last released its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the business posted $1.64 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, research analysts predict that AMETEK, Inc. will post 6.8 earnings per share for the current year.

AMETEK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 0.58%. AMETEK’s dividend payout ratio (DPR) is presently 19.51%.

Insider Transactions at AMETEK

In other news, insider David F. Hermance sold 6,243 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $190.99, for a total value of $1,192,350.57. Following the transaction, the insider now directly owns 36,731 shares in the company, valued at $7,015,253.69. This trade represents a 14.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Emanuela Speranza sold 6,747 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $195.90, for a total value of $1,321,737.30. Following the completion of the transaction, the insider now owns 30,460 shares in the company, valued at approximately $5,967,114. This trade represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,660 shares of company stock worth $5,958,141 in the last three months. 0.61% of the stock is currently owned by company insiders.

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.