AMETEK, Inc. (NYSE:AME) Stock Position Decreased by Ifrah Financial Services Inc.

Ifrah Financial Services Inc. lowered its holdings in AMETEK, Inc. (NYSE:AME) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,061 shares of the technology company’s stock after selling 254 shares during the period. Ifrah Financial Services Inc.’s holdings in AMETEK were worth $670,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AME. Provence Wealth Management Group grew its position in shares of AMETEK by 5.5% during the fourth quarter. Provence Wealth Management Group now owns 1,435 shares of the technology company’s stock worth $237,000 after acquiring an additional 75 shares during the last quarter. M&T Bank Corp raised its holdings in shares of AMETEK by 0.5% during the fourth quarter. M&T Bank Corp now owns 15,442 shares of the technology company’s stock valued at $2,547,000 after buying an additional 73 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in AMETEK by 577.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 976 shares of the technology company’s stock valued at $161,000 after acquiring an additional 832 shares in the last quarter. Running Oak Capital LLC boosted its position in AMETEK by 15.4% during the 4th quarter. Running Oak Capital LLC now owns 58,346 shares of the technology company’s stock worth $9,621,000 after acquiring an additional 7,777 shares during the period. Finally, Benjamin Edwards Inc. bought a new position in shares of AMETEK in the fourth quarter worth $458,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Trading Up 2.0 %

Shares of AME traded up $3.22 during midday trading on Friday, hitting $166.56. The stock had a trading volume of 2,065,100 shares, compared to its average volume of 956,196. The business has a 50-day simple moving average of $179.64 and a two-hundred day simple moving average of $166.05. The firm has a market cap of $38.51 billion, a P/E ratio of 29.27, a price-to-earnings-growth ratio of 2.66 and a beta of 1.21. The company has a current ratio of 1.11, a quick ratio of 0.59 and a debt-to-equity ratio of 0.21. AMETEK, Inc. has a fifty-two week low of $136.89 and a fifty-two week high of $186.32.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.78 billion. AMETEK had a net margin of 19.57% and a return on equity of 17.74%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $1.49 EPS. As a group, equities analysts forecast that AMETEK, Inc. will post 6.81 EPS for the current year.

AMETEK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were given a dividend of $0.28 per share. 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 0.67%. AMETEK’s dividend payout ratio (DPR) is presently 19.68%.

Insider Buying and Selling at AMETEK

In other AMETEK news, VP Thomas M. Montgomery sold 6,891 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now owns 21,543 shares in the company, valued at approximately $3,993,641.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, VP Thomas M. Montgomery sold 6,891 shares of the business’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 completion of the sale, the vice president now directly owns 21,543 shares in the company, valued at approximately $3,993,641.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO William Joseph Burke sold 5,973 shares of AMETEK stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $168.90, for a total transaction of $1,008,839.70. Following the completion of the transaction, the chief financial officer now directly owns 101,709 shares in the company, valued at approximately $17,178,650.10. The disclosure for this sale can be found here. Insiders have sold a total of 59,881 shares of company stock valued at $10,689,758 in the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

About AMETEK

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.