Thomas A. Amato Sells 780 Shares of AMETEK, Inc. (NYSE:AME) Stock

AMETEK, Inc. (NYSE:AME) Director Thomas A. Amato sold 780 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were 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 owns 10,240 shares of the company’s stock, valued at approximately $1,863,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AMETEK Stock Performance

Shares of AME stock opened at $183.72 on Thursday. The company has a fifty day moving average price of $173.80 and a two-hundred day moving average price of $160.81. 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 stock has a market cap of $42.48 billion, a P/E ratio of 32.40, a P/E/G ratio of 2.92 and a beta of 1.22. AMETEK, Inc. has a one year low of $133.12 and a one year high of $186.32.

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

AMETEK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 8th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.61%. This is a positive change from AMETEK’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, March 7th. AMETEK’s dividend payout ratio (DPR) is currently 19.75%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. KeyCorp raised their target price 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. Truist Financial assumed coverage on shares of AMETEK in a research report on Thursday, March 14th. They issued a “buy” rating and a $210.00 target price for the company. Royal Bank of Canada decreased their target price on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Finally, StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $180.78.

Hedge Funds Weigh In On AMETEK

Several hedge funds have recently bought and sold shares of the company. Nomura Holdings Inc. bought a new position in AMETEK in the 4th quarter valued at about $768,000. HighPoint Advisor Group LLC bought a new position in AMETEK in the 4th quarter valued at about $432,000. Cove Private Wealth LLC bought a new stake in shares of AMETEK during the 4th quarter valued at approximately $1,814,000. Vanguard Group Inc. grew its holdings in shares of AMETEK by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 25,578,270 shares of the technology company’s stock valued at $4,217,601,000 after purchasing an additional 84,832 shares during the last quarter. Finally, Willner & Heller LLC bought a new stake in shares of AMETEK during the 4th quarter valued at approximately $343,000. 87.43% of the stock is owned by institutional investors.

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.