AMETEK, Inc. (NYSE:AME) Director Sells $250,194.00 in Stock

AMETEK, Inc. (NYSE:AMEGet Free Report) Director Steven W. Kohlhagen sold 1,470 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $170.20, for a total transaction of $250,194.00. Following the transaction, the director now directly owns 26,249 shares in the company, valued at approximately $4,467,579.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

AMETEK Price Performance

NYSE:AME opened at $166.80 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 0.66. The stock has a market cap of $38.61 billion, a P/E ratio of 29.31, a PEG ratio of 2.69 and a beta of 1.21. The company has a fifty day moving average price of $177.44 and a 200 day moving average price of $168.12. AMETEK, Inc. has a one year low of $136.89 and a one year high of $186.32.

AMETEK (NYSE:AMEGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. AMETEK had a net margin of 19.57% and a return on equity of 17.74%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the business earned $1.49 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts anticipate that AMETEK, Inc. will post 6.83 earnings per share for the current year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, June 14th. AMETEK’s dividend payout ratio is presently 19.68%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Truist Financial started coverage on shares of AMETEK in a research note on Thursday, March 14th. They issued a “buy” rating and a $210.00 price objective for the company. Royal Bank of Canada decreased their price target on AMETEK from $192.00 to $188.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. raised AMETEK from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Robert W. Baird decreased their target price on AMETEK from $173.00 to $171.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. Finally, KeyCorp lifted their price target on shares of AMETEK from $182.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $179.80.

Check Out Our Latest Analysis on AMETEK

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Giverny Capital Inc. raised its stake in shares of AMETEK by 0.5% in the 3rd quarter. Giverny Capital Inc. now owns 897,056 shares of the technology company’s stock valued at $132,549,000 after buying an additional 4,556 shares in the last quarter. Kestra Private Wealth Services LLC lifted its stake in 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 period. Pacer Advisors Inc. boosted its holdings in AMETEK by 161.0% during the fourth quarter. Pacer Advisors Inc. now owns 44,684 shares of the technology company’s stock valued at $7,368,000 after purchasing an additional 27,562 shares in the last quarter. Tyche Wealth Partners LLC bought a new stake in shares of AMETEK in the 4th quarter valued at approximately $6,275,000. Finally, Provence Wealth Management Group raised its holdings in shares of AMETEK by 5.5% in the 4th quarter. Provence Wealth Management Group now owns 1,435 shares of the technology company’s stock worth $237,000 after buying an additional 75 shares in the last quarter. 87.43% of the stock is owned by institutional investors.


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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.

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