AMETEK, Inc. (NYSE:AME) Shares Purchased by Hutchens & Kramer Investment Management Group LLC

Hutchens & Kramer Investment Management Group LLC raised its stake in AMETEK, Inc. (NYSE:AME) by 3.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,764 shares of the technology company’s stock after acquiring an additional 65 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in AMETEK were worth $298,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AME. Washington Trust Advisors Inc. bought a new position in AMETEK during the 1st quarter worth $37,000. Family Firm Inc. bought a new position in shares of AMETEK during the second quarter worth about $39,000. Headlands Technologies LLC acquired a new stake in shares of AMETEK in the 1st quarter worth about $43,000. Industrial Alliance Investment Management Inc. acquired a new position in AMETEK during the 2nd quarter valued at about $42,000. Finally, Crewe Advisors LLC grew its position in AMETEK by 168.8% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock worth $49,000 after purchasing an additional 184 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Robert W. Baird cut their price objective on shares of AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Truist Financial increased their target price on shares of AMETEK from $201.00 to $219.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. 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 note on Friday, August 2nd. Finally, Redburn Atlantic upgraded shares of AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $193.83.

Insider Buying and Selling at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,460 shares of AMETEK stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the transaction, the director now directly owns 23,349 shares of the company’s stock, valued at $4,006,454.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.61% of the company’s stock.

AMETEK Price Performance

Shares of AME traded down $2.20 during mid-day trading on Tuesday, hitting $169.37. The company’s stock had a trading volume of 1,160,584 shares, compared to its average volume of 1,140,968. AMETEK, Inc. has a fifty-two week low of $136.89 and a fifty-two week high of $186.32. The stock has a market capitalization of $39.20 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 2.77 and a beta of 1.17. The firm has a 50-day moving average price of $166.92 and a 200 day moving average price of $169.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.26 and a quick ratio of 0.76.

AMETEK (NYSE:AME) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.02. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.78 billion. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 earnings per share. On average, research analysts predict that AMETEK, Inc. will post 6.76 EPS for the current fiscal year.

AMETEK Dividend Announcement

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

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.