AMETEK, Inc. (NYSE:AME) CFO Sells $5,070,370.00 in Stock

AMETEK, Inc. (NYSE:AME) CFO William Joseph Burke sold 27,400 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $185.05, for a total value of $5,070,370.00. Following the completion of the transaction, the chief financial officer now owns 106,512 shares in the company, valued at approximately $19,710,045.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

William Joseph Burke also recently made the following trade(s):

• On Monday, February 12th, William Joseph Burke sold 5,973 shares of AMETEK stock. The shares were sold at an average price of $168.90, for a total value of $1,008,839.70.
• On Wednesday, February 14th, William Joseph Burke sold 17,437 shares of AMETEK stock. The shares were sold at an average price of $168.51, for a total value of $2,938,308.87.

AMETEK Trading Up 1.1 %

NYSE AME opened at $183.72 on Thursday. The company has a market cap of $42.48 billion, a price-to-earnings ratio of 32.40, a P/E/G ratio of 2.92 and a beta of 1.22. AMETEK, Inc. has a 52 week low of $133.12 and a 52 week high of $186.32. The business has a 50 day moving average price of $173.80 and a 200-day moving average price of $160.81. The company has a quick ratio of 0.59, a current ratio of 0.98 and a debt-to-equity ratio of 0.22.

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

AMETEK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 8th will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, March 7th. This represents a $1.12 annualized dividend and a yield of 0.61%. This is an increase from AMETEK’s previous quarterly dividend of $0.25. AMETEK’s dividend payout ratio is 19.75%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On AMETEK

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in AMETEK by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 25,578,270 shares of the technology company’s stock worth $4,217,601,000 after buying an additional 84,832 shares in the last quarter. BlackRock Inc. grew its holdings in AMETEK by 5.4% during the second quarter. BlackRock Inc. now owns 17,085,162 shares of the technology company’s stock worth $2,765,746,000 after buying an additional 870,060 shares in the last quarter. State Street Corp grew its stake in 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 period. Geode Capital Management LLC grew its stake in 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 period. Finally, Capital International Investors grew its stake in AMETEK by 5.0% in the 4th quarter. Capital International Investors now owns 4,196,755 shares of the technology company’s stock valued at $692,051,000 after purchasing an additional 198,777 shares during the period. Institutional investors own 87.43% of the company’s stock.

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.