AdvisorNet Financial Inc Acquires 200 Shares of AMETEK, Inc. (NYSE:AME)

AdvisorNet Financial Inc lifted its holdings in shares of AMETEK, Inc. (NYSE:AME) by 1,176.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 217 shares of the technology company’s stock after purchasing an additional 200 shares during the period. AdvisorNet Financial Inc’s holdings in AMETEK were worth $39,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Itau Unibanco Holding S.A. grew its holdings in shares of AMETEK by 62.6% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company’s stock valued at $34,000 after purchasing an additional 77 shares during the last quarter. Versant Capital Management Inc grew its holdings in AMETEK by 3,116.7% in the 4th quarter. Versant Capital Management Inc now owns 193 shares of the technology company’s stock worth $35,000 after acquiring an additional 187 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in AMETEK in the 3rd quarter worth $44,000. Anchor Investment Management LLC grew its holdings in AMETEK by 366.1% in the 3rd quarter. Anchor Investment Management LLC now owns 261 shares of the technology company’s stock worth $45,000 after acquiring an additional 205 shares during the last quarter. Finally, Quarry LP grew its holdings in AMETEK by 226.1% in the 3rd quarter. Quarry LP now owns 300 shares of the technology company’s stock worth $52,000 after acquiring an additional 208 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.

Analyst Upgrades and Downgrades

AME has been the subject of several research analyst reports. Bank of America raised shares of 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 report on Monday, December 16th. Mizuho raised their target price on shares of AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Friday. TD Cowen cut shares of AMETEK from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Finally, Truist Financial raised their target price on shares of AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, AMETEK presently has an average rating of “Moderate Buy” and an average target price of $203.44.

Insiders Place Their Bets

In related news, insider Tony J. Ciampitti sold 16,210 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the completion of the sale, the insider now directly owns 49,490 shares in the company, valued at approximately $9,750,024.90. The trade was a 24.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David F. Hermance sold 6,243 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the sale, the insider now owns 36,731 shares of the company’s stock, valued at $7,015,253.69. This trade represents a 14.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,200 shares of company stock valued at $5,707,620. Insiders own 0.61% of the company’s stock.

AMETEK Trading Down 0.1 %

Shares of NYSE AME opened at $180.74 on Friday. AMETEK, Inc. has a 1 year low of $149.03 and a 1 year high of $198.33. The stock has a market cap of $41.81 billion, a P/E ratio of 31.49, a price-to-earnings-growth ratio of 2.51 and a beta of 1.16. The firm has a 50-day moving average of $187.17 and a 200 day moving average of $175.12. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84.

AMETEK (NYSE:AME) last issued its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.64 earnings per share. As a group, sell-side analysts expect that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 0.62%. AMETEK’s dividend payout ratio (DPR) is presently 19.51%.

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.