Tony J. Ciampitti Sells 16,210 Shares of AMETEK, Inc. (NYSE:AME) Stock

AMETEK, Inc. (NYSE:AME) insider Tony J. Ciampitti sold 16,210 shares of AMETEK stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $197.01, for a total value of $3,193,532.10. Following the transaction, the insider now directly owns 49,490 shares in the company, valued at approximately $9,750,024.90. The trade was a 24.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

AMETEK Trading Up 0.0 %

Shares of NYSE AME opened at $197.13 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. AMETEK, Inc. has a one year low of $149.03 and a one year high of $198.33. The business has a 50-day moving average price of $177.61 and a two-hundred day moving average price of $171.09. The firm has a market capitalization of $45.60 billion, a PE ratio of 34.34, a PEG ratio of 3.22 and a beta of 1.16.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 EPS 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 firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the firm posted $1.64 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. As a group, analysts predict that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a yield of 0.57%. AMETEK’s payout ratio is 19.51%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AME. KeyCorp lifted their price objective on shares of AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Wolfe Research raised AMETEK to a “hold” rating in a report on Wednesday, September 18th. Royal Bank of Canada decreased their target price on AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. StockNews.com downgraded AMETEK from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Mizuho lifted their price target on AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, AMETEK has a consensus rating of “Moderate Buy” and an average target price of $199.29.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AME. Itau Unibanco Holding S.A. grew its stake in shares of AMETEK by 62.6% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company’s stock valued at $34,000 after buying an additional 77 shares in the last quarter. Family Firm Inc. bought a new stake in AMETEK in the second quarter worth approximately $39,000. Industrial Alliance Investment Management Inc. acquired a new position in shares of AMETEK during the 2nd quarter worth $42,000. Princeton Global Asset Management LLC bought a new position in shares of AMETEK during the 3rd quarter valued at $44,000. Finally, Anchor Investment Management LLC lifted its stake in shares of AMETEK by 366.1% in the 3rd quarter. Anchor Investment Management LLC now owns 261 shares of the technology company’s stock valued at $45,000 after purchasing an additional 205 shares during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

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.