Boston Trust Walden Corp Has $12.31 Million Stake in AMETEK, Inc. (NYSE:AME)

Boston Trust Walden Corp boosted its position in AMETEK, Inc. (NYSE:AME) by 0.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 68,265 shares of the technology company’s stock after purchasing an additional 95 shares during the quarter. Boston Trust Walden Corp’s holdings in AMETEK were worth $12,305,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Leisure Capital Management bought a new stake in AMETEK during the 4th quarter worth approximately $203,000. Greenleaf Trust raised its holdings in AMETEK by 2.6% during the 4th quarter. Greenleaf Trust now owns 4,052 shares of the technology company’s stock worth $730,000 after purchasing an additional 101 shares during the last quarter. DAVENPORT & Co LLC lifted its position in shares of AMETEK by 2.2% in the 4th quarter. DAVENPORT & Co LLC now owns 7,065 shares of the technology company’s stock worth $1,274,000 after purchasing an additional 150 shares during the period. Caprock Group LLC boosted its stake in shares of AMETEK by 26.0% in the 4th quarter. Caprock Group LLC now owns 3,683 shares of the technology company’s stock valued at $664,000 after purchasing an additional 761 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of AMETEK by 37.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,337 shares of the technology company’s stock worth $6,190,000 after buying an additional 9,441 shares during the period. 87.43% of the stock is currently owned by institutional investors.

AMETEK Price Performance

Shares of NYSE:AME opened at $184.44 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The stock has a market cap of $42.66 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 2.67 and a beta of 1.16. The stock’s fifty day simple moving average is $185.44 and its two-hundred day simple moving average is $176.41. AMETEK, Inc. has a 1-year low of $149.03 and a 1-year high of $198.33.

AMETEK Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Friday, December 6th. AMETEK’s dividend payout ratio (DPR) is presently 19.51%.

Analyst Upgrades and Downgrades

A number of analysts have commented on AME shares. KeyCorp upped their price target on shares of AMETEK from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Bank of America raised AMETEK from a “neutral” rating to a “buy” rating and raised their target price for the stock from $195.00 to $225.00 in a research note on Monday, December 16th. StockNews.com raised AMETEK from a “hold” rating to a “buy” rating in a research note on Tuesday, January 28th. TD Cowen downgraded shares of AMETEK from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Finally, Truist Financial increased their price target on AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, AMETEK currently has an average rating of “Moderate Buy” and an average target price of $203.44.

Insiders Place Their Bets

In related news, insider David F. Hermance sold 6,243 shares of the 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 completion of the sale, the insider now directly owns 36,731 shares of the company’s stock, valued at approximately $7,015,253.69. This trade represents a 14.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Emanuela Speranza sold 6,747 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total value of $1,321,737.30. Following the completion of the transaction, the insider now owns 30,460 shares of the company’s stock, valued at $5,967,114. This trade represents a 18.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,200 shares of company stock valued at $5,707,620. Corporate insiders own 0.61% of the company’s stock.

About AMETEK

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.