Vaughan Nelson Investment Management L.P. Sells 157 Shares of AMETEK, Inc. (NYSE:AME)

Vaughan Nelson Investment Management L.P. decreased its position in AMETEK, Inc. (NYSE:AME) by 0.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 118,239 shares of the technology company’s stock after selling 157 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in AMETEK were worth $20,303,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Family Firm Inc. bought a new stake in shares of AMETEK in the 2nd quarter valued at approximately $39,000. Industrial Alliance Investment Management Inc. bought a new stake in shares of AMETEK in the 2nd quarter valued at approximately $42,000. Princeton Global Asset Management LLC bought a new stake in shares of AMETEK in the 3rd quarter valued at approximately $44,000. Crewe Advisors LLC grew its stake in shares of AMETEK by 168.8% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock valued at $49,000 after buying an additional 184 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in shares of AMETEK in the 2nd quarter valued at approximately $50,000. Institutional investors own 87.43% of the company’s stock.

Insider Activity

In other news, insider David F. Hermance sold 6,243 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the sale, the insider now directly owns 36,731 shares in the company, valued at approximately $7,015,253.69. The trade was a 14.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven W. Kohlhagen sold 1,460 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the sale, the director now owns 23,349 shares in the company, valued at approximately $4,006,454.91. This represents a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AME has been the subject of several analyst reports. Truist Financial boosted their target price on AMETEK from $219.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Mizuho boosted their target price on AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Redburn Atlantic upgraded AMETEK to a “strong-buy” rating in a report on Friday, August 2nd. StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a report on Friday. Finally, TD Cowen lowered AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.86.

AMETEK Stock Down 0.3 %

Shares of AME stock opened at $193.10 on Monday. AMETEK, Inc. has a 12 month low of $149.03 and a 12 month high of $196.70. The firm has a market cap of $44.67 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 3.15 and a beta of 1.16. The stock has a 50 day moving average of $173.59 and a 200-day moving average of $169.76. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18.

AMETEK (NYSE:AME) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. AMETEK’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.64 earnings per share. On average, equities analysts predict that AMETEK, Inc. will post 6.81 EPS for the current year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th 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 0.58%. The ex-dividend date is Friday, December 6th. AMETEK’s dividend payout ratio is presently 19.51%.

AMETEK 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.