Signaturefd LLC Sells 837 Shares of AMETEK, Inc. (NYSE:AME)

Signaturefd LLC reduced its stake in AMETEK, Inc. (NYSE:AME) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,102 shares of the technology company’s stock after selling 837 shares during the quarter. Signaturefd LLC’s holdings in AMETEK were worth $676,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. bought a new position in AMETEK in the 4th quarter valued at about $25,000. Wetzel Investment Advisors Inc. acquired a new position in shares of AMETEK during the 4th quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of AMETEK during the 4th quarter worth approximately $26,000. Bruce G. Allen Investments LLC acquired a new position in shares of AMETEK during the 4th quarter worth approximately $28,000. Finally, Rakuten Securities Inc. acquired a new position in shares of AMETEK during the 4th quarter worth approximately $31,000. 87.43% of the stock is owned by institutional investors.

Insider Activity at AMETEK

In other news, CFO William Joseph Burke sold 5,973 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $168.90, for a total transaction of $1,008,839.70. Following the completion of the transaction, the chief financial officer now owns 101,709 shares of the company’s stock, valued at $17,178,650.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Steven W. Kohlhagen sold 1,400 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $180.59, for a total transaction of $252,826.00. Following the completion of the transaction, the director now owns 28,054 shares of the company’s stock, valued at $5,066,271.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William Joseph Burke sold 5,973 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $168.90, for a total transaction of $1,008,839.70. Following the transaction, the chief financial officer now directly owns 101,709 shares of the company’s stock, valued at approximately $17,178,650.10. The disclosure for this sale can be found here. Insiders sold a total of 59,881 shares of company stock valued at $10,689,758 in the last quarter. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AME shares. Truist Financial started coverage on shares of AMETEK in a research report on Thursday, March 14th. They set a “buy” rating and a $210.00 target price on the stock. Royal Bank of Canada decreased their target price on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. KeyCorp increased their price target on shares of AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Finally, StockNews.com lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, AMETEK has an average rating of “Moderate Buy” and an average price target of $180.78.

AMETEK Price Performance

Shares of NYSE:AME opened at $179.85 on Wednesday. The company has a market cap of $41.58 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 2.84 and a beta of 1.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.98 and a quick ratio of 0.59. The firm has a 50 day simple moving average of $179.87 and a 200 day simple moving average of $164.97. AMETEK, Inc. has a one year low of $133.12 and a one year high of $186.32.

AMETEK (NYSE:AME) last issued 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 business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.73 billion. AMETEK had a net margin of 19.91% and a return on equity of 17.96%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 EPS. Research analysts predict that AMETEK, Inc. will post 6.82 earnings per share for the current fiscal year.

AMETEK Increases Dividend

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

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.