AMETEK, Inc. (NYSE:AME) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC trimmed its position in AMETEK, Inc. (NYSE:AME) by 17.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,428 shares of the technology company’s stock after selling 1,325 shares during the period. Park Avenue Securities LLC’s holdings in AMETEK were worth $1,104,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Ossiam increased its stake in shares of AMETEK by 20.2% during the fourth quarter. Ossiam now owns 5,644 shares of the technology company’s stock worth $931,000 after acquiring an additional 948 shares during the period. Elo Mutual Pension Insurance Co raised its stake in shares of AMETEK by 4.4% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 20,142 shares of the technology company’s stock worth $3,321,000 after buying an additional 852 shares in the last quarter. Cresset Asset Management LLC lifted its holdings in shares of AMETEK by 16.0% in the 4th quarter. Cresset Asset Management LLC now owns 79,705 shares of the technology company’s stock valued at $13,142,000 after buying an additional 11,003 shares during the period. Wasatch Advisors LP boosted its stake in shares of AMETEK by 72.3% in the fourth quarter. Wasatch Advisors LP now owns 6,127 shares of the technology company’s stock valued at $1,010,000 after buying an additional 2,570 shares in the last quarter. Finally, RMB Capital Management LLC grew its holdings in AMETEK by 21.5% during the fourth quarter. RMB Capital Management LLC now owns 179,763 shares of the technology company’s stock worth $29,641,000 after acquiring an additional 31,824 shares during the period. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Insider Buying and Selling

In other AMETEK news, Director Steven W. Kohlhagen sold 1,460 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the transaction, the director now owns 23,349 shares of the company’s stock, valued at $4,006,454.91. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.61% of the stock is owned by company insiders.

AMETEK Price Performance

Shares of NYSE:AME opened at $166.92 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.26. The business’s fifty day moving average price is $166.23 and its two-hundred day moving average price is $170.34. The stock has a market cap of $38.64 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 2.81 and a beta of 1.17. AMETEK, Inc. has a one year low of $136.89 and a one year high of $186.32.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.78 billion. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.57 earnings per share. On average, analysts forecast that AMETEK, Inc. will post 6.77 EPS for the current fiscal year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Monday, September 16th. AMETEK’s payout ratio is 19.68%.

Analyst Ratings Changes

A number of equities research analysts have commented on AME shares. TD Cowen downgraded AMETEK from a “hold” rating to a “sell” rating in a report on Monday. StockNews.com lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Royal Bank of Canada reduced their price target on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Truist Financial lowered their price target on AMETEK from $204.00 to $201.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Wolfe Research upgraded AMETEK to a “hold” rating in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $190.83.

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.