AMETEK, Inc. (NYSE:AME) Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lifted its stake in AMETEK, Inc. (NYSE:AME) by 16.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,186 shares of the technology company’s stock after buying an additional 312 shares during the period. Kingswood Wealth Advisors LLC’s holdings in AMETEK were worth $400,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in AMETEK by 11.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,669,394 shares of the technology company’s stock valued at $275,266,000 after acquiring an additional 167,602 shares in the last quarter. Pacer Advisors Inc. grew its holdings in AMETEK by 161.0% during the 4th quarter. Pacer Advisors Inc. now owns 44,684 shares of the technology company’s stock valued at $7,368,000 after purchasing an additional 27,562 shares in the last quarter. Tyche Wealth Partners LLC purchased a new stake in AMETEK during the 4th quarter worth $6,275,000. Nomura Holdings Inc. acquired a new position in AMETEK in the 4th quarter worth $768,000. Finally, Cim LLC purchased a new position in AMETEK in the 4th quarter valued at about $1,254,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Stock Performance

Shares of AME stock opened at $166.49 on Friday. The company has a market cap of $38.54 billion, a P/E ratio of 29.26, a PEG ratio of 2.70 and a beta of 1.20. The business has a 50 day moving average of $171.05 and a two-hundred day moving average of $171.57. AMETEK, Inc. has a 52 week low of $136.89 and a 52 week high of $186.32. 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 (NYSE:AME) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.78 billion. AMETEK had a return on equity of 17.74% and a net margin of 19.57%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.49 EPS. As a group, analysts anticipate that AMETEK, Inc. will post 6.83 EPS for the current year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.28 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. AMETEK’s payout ratio is currently 19.68%.

Analysts Set New Price Targets

Several research firms recently commented on AME. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Robert W. Baird decreased their price target on shares of AMETEK from $173.00 to $171.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. Truist Financial assumed coverage on shares of AMETEK in a research note on Thursday, March 14th. They set a “buy” rating and a $210.00 price objective on the stock. 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 research report on Wednesday, May 22nd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $181.80.

Insider Activity

In other AMETEK news, Director Steven W. Kohlhagen sold 1,440 shares of AMETEK stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $173.93, for a total transaction of $250,459.20. Following the sale, the director now owns 24,809 shares of the company’s stock, valued at approximately $4,315,029.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other AMETEK news, Director Steven W. Kohlhagen sold 1,440 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $173.93, for a total transaction of $250,459.20. Following the sale, the director now directly owns 24,809 shares in the company, valued at approximately $4,315,029.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven W. Kohlhagen sold 1,470 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $4,467,579.80. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

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.