AMETEK, Inc. (NYSE:AME) Shares Sold by Champlain Investment Partners LLC

Champlain Investment Partners LLC lowered its stake in shares of AMETEK, Inc. (NYSE:AME) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,048,760 shares of the technology company’s stock after selling 52,925 shares during the quarter. AMETEK makes up about 2.1% of Champlain Investment Partners LLC’s holdings, making the stock its 5th biggest position. Champlain Investment Partners LLC owned 0.89% of AMETEK worth $351,793,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Family Firm Inc. acquired a new stake in AMETEK during the 2nd quarter worth approximately $39,000. Industrial Alliance Investment Management Inc. acquired a new position in AMETEK in the 2nd quarter valued at $42,000. Princeton Global Asset Management LLC purchased a new position in AMETEK during the 3rd quarter worth $44,000. Crewe Advisors LLC lifted its stake in shares of AMETEK by 168.8% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock worth $49,000 after acquiring an additional 184 shares during the period. Finally, First Command Advisory Services Inc. purchased a new stake in shares of AMETEK in the second quarter valued at about $50,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Insider Buying and Selling at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total transaction of $250,521.40. Following the completion of the transaction, the director now owns 23,349 shares of the company’s stock, valued at $4,006,454.91. This represents a 5.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David F. Hermance sold 6,243 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the transaction, the insider now owns 36,731 shares in the company, valued at approximately $7,015,253.69. The trade was a 14.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AME has been the subject of several analyst reports. Mizuho increased their price target on shares of AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Truist Financial raised their price target on AMETEK from $219.00 to $221.00 and gave the company a “buy” rating in a report on Friday, November 1st. Redburn Atlantic upgraded AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. KeyCorp upped their price target on shares of AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Robert W. Baird boosted their price objective on shares of AMETEK from $166.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AMETEK presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.29.

AMETEK Stock Performance

AMETEK stock opened at $197.37 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. AMETEK, Inc. has a fifty-two week low of $149.03 and a fifty-two week high of $197.83. The stock has a fifty day moving average of $176.46 and a two-hundred day moving average of $170.70. The company has a market capitalization of $45.65 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 3.16 and a beta of 1.16.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the business posted $1.64 EPS. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, analysts anticipate that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.28 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 0.57%. AMETEK’s payout ratio is currently 19.51%.

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.