Strategic Investment Advisors MI Sells 454 Shares of AMETEK, Inc. (NYSE:AME)

Strategic Investment Advisors MI decreased its stake in shares of AMETEK, Inc. (NYSE:AME) by 14.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,722 shares of the technology company’s stock after selling 454 shares during the quarter. Strategic Investment Advisors MI’s holdings in AMETEK were worth $491,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in AME. Itau Unibanco Holding S.A. increased its stake in AMETEK by 62.6% during the third quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company’s stock valued at $34,000 after acquiring an additional 77 shares during the period. Versant Capital Management Inc grew its holdings in shares of AMETEK by 3,116.7% during the 4th quarter. Versant Capital Management Inc now owns 193 shares of the technology company’s stock worth $35,000 after purchasing an additional 187 shares in the last quarter. AdvisorNet Financial Inc raised its stake in shares of AMETEK by 1,176.5% in the fourth quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company’s stock valued at $39,000 after purchasing an additional 200 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in AMETEK by 42.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company’s stock worth $42,000 after purchasing an additional 70 shares during the period. Finally, Princeton Global Asset Management LLC acquired a new stake in AMETEK during the third quarter worth $44,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analysts Set New Price Targets

AME has been the subject of a number of analyst reports. StockNews.com raised shares of AMETEK from a “hold” rating to a “buy” rating in a report on Tuesday. TD Cowen cut shares of AMETEK from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Bank of America upgraded AMETEK from a “neutral” rating to a “buy” rating and upped their price objective for the company from $195.00 to $225.00 in a research note on Monday, December 16th. Robert W. Baird raised their target price on AMETEK from $166.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Truist Financial upped their price target on AMETEK from $221.00 to $222.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $203.44.

Insider Buying and Selling

In other AMETEK news, insider David F. Hermance sold 6,243 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were 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 of the company’s stock, valued at approximately $7,015,253.69. This trade represents a 14.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony J. Ciampitti sold 16,210 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the sale, the insider now owns 49,490 shares of the company’s stock, valued at $9,750,024.90. The trade was a 24.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,200 shares of company stock worth $5,707,620 over the last three months. 0.61% of the stock is currently owned by company insiders.

AMETEK Stock Down 1.6 %

Shares of NYSE:AME opened at $184.93 on Tuesday. AMETEK, Inc. has a 12 month low of $149.03 and a 12 month high of $198.33. The firm has a market cap of $42.78 billion, a P/E ratio of 32.22, a P/E/G ratio of 2.73 and a beta of 1.16. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average price is $186.47 and its two-hundred day moving average price is $176.00.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the business posted $1.64 earnings per share. AMETEK’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, research analysts forecast that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Friday, December 6th. AMETEK’s dividend payout ratio is 19.51%.

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.