Cooper Financial Group Has $952,000 Position in AMETEK, Inc. (NYSE:AME)

Cooper Financial Group lessened its holdings in AMETEK, Inc. (NYSE:AME) by 18.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,203 shares of the technology company’s stock after selling 1,181 shares during the period. Cooper Financial Group’s holdings in AMETEK were worth $952,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in shares of AMETEK by 38.7% during the third quarter. Envestnet Asset Management Inc. now owns 271,235 shares of the technology company’s stock valued at $40,078,000 after purchasing an additional 75,733 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of AMETEK by 2.6% during the third quarter. Nordea Investment Management AB now owns 23,136 shares of the technology company’s stock valued at $3,452,000 after purchasing an additional 594 shares during the last quarter. Aigen Investment Management LP bought a new position in AMETEK in the third quarter valued at approximately $263,000. LPL Financial LLC boosted its stake in AMETEK by 15.0% in the third quarter. LPL Financial LLC now owns 78,411 shares of the technology company’s stock valued at $11,586,000 after acquiring an additional 10,203 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in AMETEK by 7.8% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 27,412 shares of the technology company’s stock valued at $4,050,000 after acquiring an additional 1,984 shares during the last quarter. 87.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on AME shares. Truist Financial began 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. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Robert W. Baird reduced their target price on shares of AMETEK from $173.00 to $171.00 and set a “neutral” rating for the company in a report on Monday, May 6th. KeyCorp lifted their target price on shares of AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Finally, Oppenheimer raised shares of AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 target price for the company in a report on Wednesday, May 22nd. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.80.

Insider Activity

In related news, Director Thomas A. Amato sold 780 shares of the stock in a transaction dated 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 in the company, valued at $1,863,680. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other AMETEK news, Director Steven W. Kohlhagen sold 1,470 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $170.20, for a total transaction of $250,194.00. Following the completion of the transaction, the director now owns 26,249 shares in the company, valued at $4,467,579.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas A. Amato sold 780 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $182.00, for a total transaction of $141,960.00. Following the transaction, the director now owns 10,240 shares of the company’s stock, valued at approximately $1,863,680. The disclosure for this sale can be found here. Insiders sold a total of 3,690 shares of company stock worth $642,613 over the last quarter. Insiders own 0.61% of the company’s stock.

AMETEK Stock Up 0.1 %

AMETEK stock opened at $168.67 on Monday. The company has a quick ratio of 0.66, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. AMETEK, Inc. has a 12-month low of $136.89 and a 12-month high of $186.32. The firm’s fifty day moving average is $171.64 and its 200 day moving average is $171.41. The company has a market capitalization of $39.04 billion, a PE ratio of 29.64, a PEG ratio of 2.70 and a beta of 1.20.

AMETEK (NYSE:AME) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.05. AMETEK had a net margin of 19.57% and a return on equity of 17.74%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the company posted $1.49 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts predict that AMETEK, Inc. will post 6.83 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.12 annualized dividend and a dividend yield of 0.66%. AMETEK’s dividend payout ratio is currently 19.68%.

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.