RWA Wealth Partners LLC Acquires Shares of 4,152 AMETEK, Inc. (NYSE:AME)

RWA Wealth Partners LLC acquired a new stake in shares of AMETEK, Inc. (NYSE:AME) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 4,152 shares of the technology company’s stock, valued at approximately $685,000.

A number of other institutional investors have also recently made changes to their positions in AME. CWM LLC raised its stake in AMETEK by 8.4% during the 3rd quarter. CWM LLC now owns 3,875 shares of the technology company’s stock worth $573,000 after acquiring an additional 301 shares during the period. Private Trust Co. NA raised its position in shares of AMETEK by 78.6% during the third quarter. Private Trust Co. NA now owns 1,363 shares of the technology company’s stock valued at $201,000 after buying an additional 600 shares during the last quarter. Oak Thistle LLC bought a new stake in shares of AMETEK during the third quarter valued at approximately $1,210,000. Czech National Bank raised its position in shares of AMETEK by 47.8% during the third quarter. Czech National Bank now owns 40,324 shares of the technology company’s stock valued at $5,958,000 after buying an additional 13,041 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of AMETEK by 1.1% during the third quarter. Asset Management One Co. Ltd. now owns 110,102 shares of the technology company’s stock valued at $16,269,000 after buying an additional 1,205 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

AMETEK Stock Down 0.9 %

Shares of AME opened at $178.25 on Thursday. The firm has a market capitalization of $41.21 billion, a P/E ratio of 31.44, a P/E/G ratio of 2.84 and a beta of 1.22. AMETEK, Inc. has a 12-month low of $133.12 and a 12-month high of $186.32. The company has a current ratio of 0.98, a quick ratio of 0.59 and a debt-to-equity ratio of 0.22. The firm has a fifty day moving average price of $179.97 and a 200-day moving average price of $165.07.

AMETEK (NYSE:AME) last issued its earnings results on Tuesday, February 6th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.06. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.73 billion. AMETEK had a net margin of 19.91% and a return on equity of 17.96%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.52 earnings per share. Equities research analysts expect that AMETEK, Inc. will post 6.82 earnings per share for the current year.

AMETEK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were paid a $0.28 dividend. The ex-dividend date was Thursday, March 7th. This is a positive change from AMETEK’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. AMETEK’s dividend payout ratio is 19.75%.

Insiders Place Their Bets

In other news, CFO William Joseph Burke sold 17,437 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $168.51, for a total transaction of $2,938,308.87. Following the transaction, the chief financial officer now owns 101,709 shares in the company, valued at $17,138,983.59. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, VP Thomas M. Montgomery sold 6,891 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $185.38, for a total value of $1,277,453.58. Following the sale, the vice president now owns 21,543 shares in the company, valued at $3,993,641.34. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO William Joseph Burke sold 17,437 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $168.51, for a total value of $2,938,308.87. Following the completion of the sale, the chief financial officer now owns 101,709 shares in the company, valued at approximately $17,138,983.59. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,881 shares of company stock worth $10,689,758. 0.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AME has been the topic of several research reports. KeyCorp boosted their price target on shares of AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Truist Financial assumed coverage on shares of AMETEK in a research note on Thursday, March 14th. They set a “buy” rating and a $210.00 price objective for the company. StockNews.com lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. Finally, Royal Bank of Canada dropped their price objective on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.78.

AMETEK 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.