Oak Thistle LLC Sells 3,315 Shares of AMETEK, Inc. (NYSE:AME)

Oak Thistle LLC reduced its position in shares of AMETEK, Inc. (NYSE:AMEFree Report) by 40.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,874 shares of the technology company’s stock after selling 3,315 shares during the period. Oak Thistle LLC’s holdings in AMETEK were worth $804,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Giverny Capital Inc. grew its holdings in shares of AMETEK by 0.5% during the third quarter. Giverny Capital Inc. now owns 897,056 shares of the technology company’s stock worth $132,549,000 after purchasing an additional 4,556 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in shares of AMETEK by 11.6% during the third quarter. Kestra Private Wealth Services LLC now owns 3,637 shares of the technology company’s stock worth $537,000 after purchasing an additional 378 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of AMETEK by 161.0% during the fourth quarter. Pacer Advisors Inc. now owns 44,684 shares of the technology company’s stock worth $7,368,000 after purchasing an additional 27,562 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of AMETEK by 9.0% during the third quarter. Whittier Trust Co. now owns 3,117 shares of the technology company’s stock worth $461,000 after purchasing an additional 258 shares during the last quarter. Finally, PFG Advisors grew its holdings in shares of AMETEK by 208.1% during the fourth quarter. PFG Advisors now owns 21,376 shares of the technology company’s stock worth $3,525,000 after purchasing an additional 14,439 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors.

Insider Transactions at AMETEK

In other news, CFO William Joseph Burke sold 17,437 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $168.51, for a total transaction of $2,938,308.87. Following the transaction, the chief financial officer now directly owns 101,709 shares of the company’s stock, valued at $17,138,983.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Thomas M. Montgomery sold 6,891 shares of the company’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 transaction of $1,277,453.58. Following the transaction, the vice president now directly owns 21,543 shares of the company’s stock, valued at $3,993,641.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William Joseph Burke sold 17,437 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $168.51, for a total value of $2,938,308.87. Following the transaction, the chief financial officer now directly owns 101,709 shares in the company, valued at $17,138,983.59. The disclosure for this sale can be found here. Insiders have sold 59,881 shares of company stock valued at $10,689,758 over the last ninety days. 0.61% of the stock is owned by company insiders.

Analysts Set New Price Targets

AME has been the topic of several research reports. Truist Financial initiated 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 cut their price objective on AMETEK from $192.00 to $188.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. 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. Finally, StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $180.78.

Check Out Our Latest Stock Report on AMETEK

AMETEK Price Performance

Shares of AME opened at $180.39 on Wednesday. AMETEK, Inc. has a 52-week low of $133.12 and a 52-week high of $186.32. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.59 and a current ratio of 0.98. The business’s 50 day moving average price is $175.45 and its two-hundred day moving average price is $161.65. The firm has a market cap of $41.71 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 2.92 and a beta of 1.22.

AMETEK (NYSE:AMEGet Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.06. AMETEK had a return on equity of 17.96% and a net margin of 19.91%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the firm earned $1.52 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. On average, equities analysts anticipate that AMETEK, Inc. will post 6.82 EPS for the current year.

AMETEK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from AMETEK’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a yield of 0.62%. AMETEK’s payout ratio is 19.75%.

AMETEK Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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