1,582 Shares in AMETEK, Inc. (NYSE:AME) Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC purchased a new position in shares of AMETEK, Inc. (NYSE:AME) in the 2nd quarter, Holdings Channel reports. The firm purchased 1,582 shares of the technology company’s stock, valued at approximately $264,000.

A number of other large investors also recently bought and sold shares of AME. Fulton Bank N.A. increased its holdings in shares of AMETEK by 10.8% during the 4th quarter. Fulton Bank N.A. now owns 1,863 shares of the technology company’s stock worth $307,000 after buying an additional 181 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in AMETEK by 20.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 3,890 shares of the technology company’s stock worth $642,000 after acquiring an additional 649 shares during the last quarter. Arlington Trust Co LLC purchased a new position in shares of AMETEK in the 4th quarter worth about $42,000. First Merchants Corp grew its holdings in shares of AMETEK by 39.7% during the 4th quarter. First Merchants Corp now owns 26,253 shares of the technology company’s stock worth $4,329,000 after purchasing an additional 7,454 shares during the period. Finally, Meeder Advisory Services Inc. increased its position in AMETEK by 7.3% during the 4th quarter. Meeder Advisory Services Inc. now owns 5,130 shares of the technology company’s stock worth $846,000 after purchasing an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on AME shares. Robert W. Baird reduced their price target on shares of AMETEK from $173.00 to $171.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. StockNews.com upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a report on Monday, July 29th. Royal Bank of Canada lowered their price target on AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a report on Friday. Truist Financial reduced their price objective on AMETEK from $204.00 to $201.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Oppenheimer upgraded AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 target price for the company in a research note on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.29.

AMETEK Stock Up 1.5 %

Shares of NYSE AME traded up $2.24 during midday trading on Monday, reaching $154.98. 1,488,893 shares of the company’s stock were exchanged, compared to its average volume of 1,096,864. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.66 and a current ratio of 1.26. AMETEK, Inc. has a 52-week low of $136.89 and a 52-week high of $186.32. The business’s fifty day moving average price is $168.88 and its two-hundred day moving average price is $172.65. The stock has a market capitalization of $35.87 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18.

AMETEK (NYSE:AME) last issued its earnings results on Thursday, August 1st. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.78 billion. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.57 EPS. Analysts forecast that AMETEK, Inc. will post 6.78 EPS for the current year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.28 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.12 annualized dividend and a dividend yield of 0.72%. AMETEK’s payout ratio is 19.68%.

Insider Activity

In other AMETEK news, Director Steven W. Kohlhagen sold 1,440 shares of AMETEK stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $173.93, for a total value of $250,459.20. Following the completion of the transaction, the director now owns 24,809 shares of the company’s stock, valued at $4,315,029.37. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Steven W. Kohlhagen sold 1,440 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $173.93, for a total transaction of $250,459.20. Following the sale, the director now directly owns 24,809 shares in the company, valued at approximately $4,315,029.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven W. Kohlhagen sold 1,470 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $170.20, for a total value of $250,194.00. Following the completion of the sale, the director now directly owns 26,249 shares in the company, valued at $4,467,579.80. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

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.