SG Americas Securities LLC Sells 31,353 Shares of AMETEK, Inc. (NYSE:AME)

SG Americas Securities LLC lowered its position in AMETEK, Inc. (NYSE:AME) by 81.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,069 shares of the technology company’s stock after selling 31,353 shares during the period. SG Americas Securities LLC’s holdings in AMETEK were worth $1,214,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Ossiam grew its position 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 purchasing an additional 948 shares in the last quarter. Cresset Asset Management LLC lifted its holdings in shares of AMETEK by 16.0% in the fourth quarter. Cresset Asset Management LLC now owns 79,705 shares of the technology company’s stock worth $13,142,000 after buying an additional 11,003 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of AMETEK by 72.3% during the fourth quarter. Wasatch Advisors LP now owns 6,127 shares of the technology company’s stock worth $1,010,000 after acquiring an additional 2,570 shares during the last quarter. C M Bidwell & Associates Ltd. grew its stake in AMETEK by 4,320.0% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 1,547 shares of the technology company’s stock valued at $255,000 after acquiring an additional 1,512 shares in the last quarter. Finally, Bridgefront Capital LLC bought a new stake in AMETEK in the 4th quarter valued at $588,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

AMETEK Trading Up 1.1 %

AME stock opened at $168.72 on Thursday. AMETEK, Inc. has a twelve month low of $136.89 and a twelve month high of $186.32. The stock has a market capitalization of $39.05 billion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 2.81 and a beta of 1.17. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $166.13 and its two-hundred day simple moving average is $170.22.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the company posted $1.57 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, analysts anticipate that AMETEK, Inc. will post 6.77 earnings per share for the current year.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.66%. The ex-dividend date was Monday, September 16th. AMETEK’s dividend payout ratio (DPR) is presently 19.68%.

Analysts Set New Price Targets

Several research analysts have commented on AME shares. Truist Financial increased their price objective on shares of AMETEK from $201.00 to $219.00 and gave the company a “buy” rating in a report on Wednesday. TD Cowen downgraded AMETEK from a “hold” rating to a “sell” rating in a research note on Monday. Robert W. Baird lowered their target price on AMETEK from $171.00 to $166.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada lowered their price objective 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. One analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $193.83.

Insiders Place Their Bets

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total transaction of $250,521.40. Following the completion of the sale, the director now directly owns 23,349 shares of the company’s stock, valued at approximately $4,006,454.91. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

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.