AMETEK, Inc. (NYSE:AME) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. increased its holdings in shares of AMETEK, Inc. (NYSE:AME) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,526 shares of the technology company’s stock after purchasing an additional 99 shares during the quarter. D.A. Davidson & CO.’s holdings in AMETEK were worth $606,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Qsemble Capital Management LP raised its stake in shares of AMETEK by 58.1% in the 3rd quarter. Qsemble Capital Management LP now owns 17,571 shares of the technology company’s stock valued at $3,017,000 after acquiring an additional 6,460 shares during the period. Bank of Montreal Can raised its position in AMETEK by 4.8% in the third quarter. Bank of Montreal Can now owns 321,680 shares of the technology company’s stock valued at $55,351,000 after purchasing an additional 14,663 shares during the period. Private Trust Co. NA lifted its stake in AMETEK by 23.6% during the third quarter. Private Trust Co. NA now owns 1,668 shares of the technology company’s stock worth $286,000 after purchasing an additional 318 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of AMETEK during the third quarter worth $563,000. Finally, DRW Securities LLC acquired a new stake in shares of AMETEK in the third quarter valued at $422,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

AMETEK Price Performance

Shares of NYSE:AME opened at $195.56 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 capitalization of $45.23 billion, a P/E ratio of 34.07, a P/E/G ratio of 3.17 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. The company’s fifty day moving average price is $179.53 and its 200 day moving average price is $171.83.

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

AMETEK Announces Dividend

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

Insider Activity at AMETEK

In other news, insider Tony J. Ciampitti sold 16,210 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the completion of the transaction, the insider now directly owns 49,490 shares of the company’s stock, valued at approximately $9,750,024.90. This represents a 24.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David F. Hermance sold 6,243 shares of AMETEK 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 completion of the sale, the insider now owns 36,731 shares in the company, valued at approximately $7,015,253.69. This trade represents a 14.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,660 shares of company stock worth $5,958,141 in the last three months. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

AME has been the subject of a number of research analyst reports. TD Cowen cut AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Wolfe Research raised shares of AMETEK to a “hold” rating in a research note on Wednesday, September 18th. Truist Financial upped their target price on shares of AMETEK from $219.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. KeyCorp raised their price target on shares of AMETEK from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, Mizuho upped their price objective on AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, AMETEK has an average rating of “Moderate Buy” and an average target price of $199.29.

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.