GAMMA Investing LLC Buys New Holdings in AMETEK, Inc. (NYSE:AME)

GAMMA Investing LLC bought a new stake in AMETEK, Inc. (NYSE:AME) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 928 shares of the technology company’s stock, valued at approximately $150,000.

A number of other large investors have also recently bought and sold shares of AME. McGlone Suttner Wealth Management Inc. acquired a new position in AMETEK in the fourth quarter valued at approximately $25,000. Wetzel Investment Advisors Inc. acquired a new position in AMETEK in the fourth quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in AMETEK in the fourth quarter valued at approximately $26,000. Bruce G. Allen Investments LLC acquired a new position in AMETEK in the fourth quarter valued at approximately $28,000. Finally, Rakuten Securities Inc. acquired a new position in AMETEK in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Insider Transactions at AMETEK

In other news, Director Thomas A. Amato sold 780 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $182.00, for a total transaction of $141,960.00. Following the completion of the transaction, the director now directly owns 10,240 shares in the company, valued at approximately $1,863,680. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Thomas A. Amato sold 780 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $182.00, for a total transaction of $141,960.00. Following the completion of the transaction, the director now directly owns 10,240 shares in the company, valued at approximately $1,863,680. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO William Joseph Burke sold 27,400 shares of the 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 transaction, the chief financial officer now owns 106,512 shares of the company’s stock, valued at $19,710,045.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,881 shares of company stock worth $10,689,758. 0.61% of the stock is currently owned by company insiders.

AMETEK Stock Down 0.2 %

Shares of NYSE:AME opened at $177.51 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.98 and a debt-to-equity ratio of 0.22. The business has a fifty day moving average of $180.12 and a two-hundred day moving average of $165.44. The stock has a market cap of $41.04 billion, a P/E ratio of 31.31, a PEG ratio of 2.84 and a beta of 1.22. AMETEK, Inc. has a 52-week low of $133.77 and a 52-week high of $186.32.

AMETEK (NYSE:AME) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.06. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.73 billion. AMETEK had a return on equity of 17.96% and a net margin of 19.91%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.52 EPS. On average, research analysts expect that AMETEK, Inc. will post 6.82 earnings per share for the current year.

AMETEK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, March 7th. This is a boost from AMETEK’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. AMETEK’s dividend payout ratio is currently 19.75%.

Analyst Ratings Changes

AME has been the subject of several research analyst reports. KeyCorp upped their target price on AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Truist Financial initiated coverage on AMETEK in a research note on Thursday, March 14th. They set a “buy” rating and a $210.00 target price for the company. Royal Bank of Canada reduced their target price on AMETEK from $192.00 to $188.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Finally, StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $180.78.

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.