AMETEK, Inc. (NYSE:AME) VP Sells $1,277,453.58 in Stock

AMETEK, Inc. (NYSE:AME) VP Thomas M. Montgomery sold 6,891 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were 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 of the company’s stock, valued at approximately $3,993,641.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

AMETEK Stock Performance

NYSE:AME opened at $183.72 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.59 and a debt-to-equity ratio of 0.22. AMETEK, Inc. has a 12-month low of $133.12 and a 12-month high of $186.32. The stock has a 50-day moving average price of $173.80 and a 200 day moving average price of $160.81. The stock has a market capitalization of $42.48 billion, a P/E ratio of 32.40, a P/E/G ratio of 2.92 and a beta of 1.22.

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

AMETEK Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 8th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, March 7th. This represents a $1.12 annualized dividend and a dividend yield of 0.61%. This is a boost from AMETEK’s previous quarterly dividend of $0.25. AMETEK’s dividend payout ratio (DPR) is currently 19.75%.

Hedge Funds Weigh In On AMETEK

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in AMETEK by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 25,578,270 shares of the technology company’s stock valued at $4,217,601,000 after buying an additional 84,832 shares during the last quarter. BlackRock Inc. lifted its stake in shares of AMETEK by 5.4% in the 2nd quarter. BlackRock Inc. now owns 17,085,162 shares of the technology company’s stock valued at $2,765,746,000 after purchasing an additional 870,060 shares during the last quarter. State Street Corp lifted its stake in shares of AMETEK by 1.5% in the 2nd quarter. State Street Corp now owns 8,972,142 shares of the technology company’s stock valued at $1,452,410,000 after purchasing an additional 134,989 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of AMETEK by 2.3% in the 1st quarter. Geode Capital Management LLC now owns 4,733,274 shares of the technology company’s stock valued at $686,321,000 after purchasing an additional 105,377 shares during the last quarter. Finally, Capital International Investors raised its holdings in shares of AMETEK by 5.0% in the fourth quarter. Capital International Investors now owns 4,196,755 shares of the technology company’s stock worth $692,051,000 after buying an additional 198,777 shares during the period. 87.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on AME. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. KeyCorp upped their price target on AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Truist Financial began coverage on AMETEK in a research report on Thursday, March 14th. They issued a “buy” rating and a $210.00 price target for the company. Finally, Royal Bank of Canada reduced their price target on AMETEK from $192.00 to $188.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, AMETEK has a consensus rating of “Moderate Buy” and an average target price of $180.78.

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.