AMETEK, Inc. $AME Holdings Trimmed by StoneX Group Inc.

StoneX Group Inc. trimmed its stake in shares of AMETEK, Inc. (NYSE:AME – Free Report) by 69.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,919 shares of the technology company’s stock after selling 23,089 shares during the quarter. StoneX Group Inc.’s holdings in AMETEK were worth $2,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Investment Management Corp VA ADV boosted its position in AMETEK by 6.6% during the 3rd quarter. Investment Management Corp VA ADV now owns 2,688 shares of the technology company’s stock valued at $666,000 after buying an additional 166 shares during the period. Parallel Advisors LLC increased its position in shares of AMETEK by 7.0% in the third quarter. Parallel Advisors LLC now owns 3,529 shares of the technology company’s stock valued at $874,000 after acquiring an additional 232 shares during the period. Alps Advisors Inc. increased its position in shares of AMETEK by 15.3% in the third quarter. Alps Advisors Inc. now owns 18,624 shares of the technology company’s stock valued at $4,614,000 after acquiring an additional 2,466 shares during the period. Heritage Family Offices LLP bought a new position in shares of AMETEK during the third quarter valued at about $219,000. Finally, Allegiance Financial Group Advisory Services LLC raised its stake in shares of AMETEK by 53.7% during the third quarter. Allegiance Financial Group Advisory Services LLC now owns 1,936 shares of the technology company’s stock valued at $480,000 after acquiring an additional 676 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

AMETEK Trading Down 0.1%

AME stock opened at $228.40 on Monday. The firm has a fifty day moving average price of $242.89 and a 200 day moving average price of $234.62. AMETEK, Inc. has a fifty-two week low of $188.47 and a fifty-two week high of $261.16. The firm has a market cap of $52.38 billion, a PE ratio of 32.21, a price-to-earnings-growth ratio of 2.04 and a beta of 0.96. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.91 and a current ratio of 1.43.

AMETEK (NYSE:AME – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.10. AMETEK had a net margin of 19.91% and a return on equity of 17.12%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the prior year, the firm earned $1.89 earnings per share. AMETEK’s revenue was up 17.3% on a year-over-year basis. Sell-side analysts anticipate that AMETEK, Inc. will post 8.59 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a $0.34 dividend. The ex-dividend date is Friday, December 4th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK’s payout ratio is 19.18%.

Key Stories Impacting AMETEK

Here are the key news stories impacting AMETEK this week:

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Truist Financial raised their target price on AMETEK from $303.00 to $316.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Rothschild & Co Redburn upped their price target on AMETEK from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Zacks Research upgraded AMETEK from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Morgan Stanley set a $275.00 price objective on AMETEK in a research report on Friday, October 9th. Finally, Vertical Research assumed coverage on AMETEK in a research note on Tuesday, September 8th. They set a “buy” rating and a $255.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $278.06.

Get Our Latest Report on AME

AMETEK Company Profile

(Free Report)

AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical products. Its businesses serve a range of markets, including aerospace, energy, industrial manufacturing, medical, and transportation.

The company’s products include analytical and process instruments, monitoring and measurement systems, aerospace components, precision motors and pumps, and engineered materials. AMETEK organizes its operations into two groups: Electronic Instruments and Electromechanical.

Founded in 1930, AMETEK serves customers around the world through manufacturing facilities, sales offices, and service operations in multiple countries.

Featured Stories

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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