AMETEK, Inc. (NYSE:AME) Shares Sold by Diversify Wealth Management LLC

Diversify Wealth Management LLC trimmed its stake in AMETEK, Inc. (NYSE:AME) by 4.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,552 shares of the technology company’s stock after selling 77 shares during the quarter. Diversify Wealth Management LLC’s holdings in AMETEK were worth $259,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norden Group LLC acquired a new stake in shares of AMETEK in the first quarter worth $2,508,000. First Trust Direct Indexing L.P. boosted its position in shares of AMETEK by 20.4% in the first quarter. First Trust Direct Indexing L.P. now owns 5,526 shares of the technology company’s stock worth $1,011,000 after buying an additional 936 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of AMETEK by 6.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,926 shares of the technology company’s stock worth $6,571,000 after buying an additional 2,105 shares during the period. BNP Paribas Financial Markets boosted its position in shares of AMETEK by 150.3% in the first quarter. BNP Paribas Financial Markets now owns 206,728 shares of the technology company’s stock worth $37,811,000 after buying an additional 124,130 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of AMETEK by 4.3% in the first quarter. Janney Montgomery Scott LLC now owns 127,769 shares of the technology company’s stock worth $23,369,000 after buying an additional 5,242 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the transaction, the director now directly owns 23,349 shares in the company, valued at $4,006,454.91. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AME shares. Wolfe Research raised AMETEK to a “hold” rating in a research report on Wednesday, September 18th. Redburn Atlantic raised AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. Mizuho lifted their price objective on AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Truist Financial boosted their price target on AMETEK from $219.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AMETEK has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

AMETEK Trading Down 2.7 %

AMETEK stock opened at $178.43 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.26. The business’s 50-day simple moving average is $169.17 and its 200-day simple moving average is $168.99. The firm has a market capitalization of $41.31 billion, a PE ratio of 31.09, a PEG ratio of 2.77 and a beta of 1.17. AMETEK, Inc. has a 52 week low of $141.26 and a 52 week high of $186.32.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.71 billion. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.64 earnings per share. Equities research analysts forecast that AMETEK, Inc. will post 6.76 earnings per share for the current year.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.28 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. AMETEK’s payout ratio is presently 19.51%.

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.