Insider Selling: AMETEK, Inc. (NYSE:AME) Insider Sells 6,243 Shares of Stock

AMETEK, Inc. (NYSE:AME) insider David F. Hermance sold 6,243 shares of the 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 completion of the transaction, the insider now owns 36,731 shares in the company, valued at $7,015,253.69. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

AMETEK Stock Performance

AME stock traded up $0.11 during trading hours on Tuesday, reaching $191.68. The stock had a trading volume of 327,435 shares, compared to its average volume of 1,143,038. The stock has a market capitalization of $44.34 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 3.11 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. The stock has a 50-day simple moving average of $171.32 and a 200 day simple moving average of $169.25. AMETEK, Inc. has a fifty-two week low of $149.03 and a fifty-two week high of $193.04.

AMETEK (NYSE:AME) last posted its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The company 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%. AMETEK’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.64 EPS. Analysts predict that AMETEK, Inc. will post 6.81 EPS for the current fiscal year.

AMETEK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Friday, December 6th. AMETEK’s dividend payout ratio (DPR) is 19.51%.

Institutional Trading of AMETEK

Hedge funds and other institutional investors have recently bought and sold shares of the business. Family Firm Inc. acquired a new stake in AMETEK in the 2nd quarter worth about $39,000. Headlands Technologies LLC acquired a new stake in AMETEK in the 1st quarter worth about $43,000. Industrial Alliance Investment Management Inc. bought a new position in AMETEK in the 2nd quarter valued at about $42,000. Princeton Global Asset Management LLC bought a new position in AMETEK in the 3rd quarter valued at about $44,000. Finally, Crewe Advisors LLC increased its holdings in AMETEK by 168.8% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock valued at $49,000 after buying an additional 184 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AME. 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. Mizuho raised their target price on shares of AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. TD Cowen downgraded shares of AMETEK from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. Finally, Truist Financial raised their target price on shares of AMETEK from $219.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $197.86.

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.