Advisors Asset Management Inc. Purchases 1,462 Shares of AMETEK, Inc. (NYSE:AME)

Advisors Asset Management Inc. lifted its position in AMETEK, Inc. (NYSE:AME) by 276.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,990 shares of the technology company’s stock after acquiring an additional 1,462 shares during the quarter. Advisors Asset Management Inc.’s holdings in AMETEK were worth $342,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Family Firm Inc. bought a new stake in AMETEK in the second quarter worth about $39,000. Industrial Alliance Investment Management Inc. bought a new stake in shares of AMETEK during the 2nd quarter worth approximately $42,000. Princeton Global Asset Management LLC purchased a new position in AMETEK during the 3rd quarter valued at $44,000. Crewe Advisors LLC grew its position in AMETEK by 168.8% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock valued at $49,000 after acquiring an additional 184 shares during the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in AMETEK in the second quarter worth $50,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AME. Redburn Atlantic upgraded shares of AMETEK to a “strong-buy” rating in a report on Friday, August 2nd. KeyCorp upped their target price 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. Royal Bank of Canada reduced their target price on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Truist Financial boosted 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. Finally, Wolfe Research upgraded AMETEK to a “hold” rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.29.

AMETEK Stock Down 1.0 %

AMETEK stock opened at $195.10 on Friday. AMETEK, Inc. has a twelve month low of $149.03 and a twelve month high of $198.33. The business has a fifty day moving average of $178.58 and a two-hundred day moving average of $171.43. The firm has a market cap of $45.13 billion, a P/E ratio of 33.99, a P/E/G ratio of 3.22 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.

AMETEK (NYSE:AME) last issued its quarterly earnings data 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. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.64 earnings per share. On average, analysts forecast that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

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 paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 annualized dividend and a dividend yield of 0.57%. AMETEK’s dividend payout ratio (DPR) is presently 19.51%.

Insider Buying and Selling at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the completion of the sale, the director now owns 23,349 shares in the company, valued at approximately $4,006,454.91. This represents a 5.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Tony J. Ciampitti sold 16,210 shares of the business’s stock in a transaction on 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 owns 49,490 shares in the company, valued at approximately $9,750,024.90. This trade represents a 24.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,660 shares of company stock worth $5,958,141 over the last three months. Corporate insiders own 0.61% of the company’s stock.

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.