AMETEK, Inc. (NYSE:AME) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH decreased its position in AMETEK, Inc. (NYSE:AME) by 14.5% in the 4th quarter, HoldingsChannel reports. The firm owned 1,765 shares of the technology company’s stock after selling 300 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in AMETEK were worth $318,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its stake in AMETEK by 4.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,450 shares of the technology company’s stock valued at $261,000 after purchasing an additional 63 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC increased its stake in shares of AMETEK by 3.8% during the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,764 shares of the technology company’s stock valued at $298,000 after acquiring an additional 65 shares during the last quarter. Miracle Mile Advisors LLC increased its stake in shares of AMETEK by 0.9% during the 3rd quarter. Miracle Mile Advisors LLC now owns 7,178 shares of the technology company’s stock valued at $1,233,000 after acquiring an additional 66 shares during the last quarter. EP Wealth Advisors LLC increased its stake in shares of AMETEK by 1.1% during the 2nd quarter. EP Wealth Advisors LLC now owns 6,330 shares of the technology company’s stock valued at $1,055,000 after acquiring an additional 71 shares during the last quarter. Finally, Wallace Advisory Group LLC increased its stake in shares of AMETEK by 5.8% during the 4th quarter. Wallace Advisory Group LLC now owns 1,371 shares of the technology company’s stock valued at $235,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AME. Bank of America raised shares of AMETEK from a “neutral” rating to a “buy” rating and upped their price objective for the company from $195.00 to $225.00 in a research note on Monday, December 16th. Robert W. Baird upped their price objective on shares of AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. BNP Paribas raised shares of AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 price objective for the company in a research note on Thursday, January 16th. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Finally, Truist Financial increased 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, January 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $203.44.

AMETEK Stock Up 0.9 %

NYSE AME opened at $190.46 on Friday. The stock has a market cap of $44.06 billion, a PE ratio of 33.18, a P/E/G ratio of 2.67 and a beta of 1.16. AMETEK, Inc. has a fifty-two week low of $149.03 and a fifty-two week high of $198.33. The business has a 50 day moving average price of $186.64 and a two-hundred day moving average price of $175.58. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18.

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

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Friday, December 6th. AMETEK’s dividend payout ratio is presently 19.51%.

Insiders Place Their Bets

In other news, insider Tony J. Ciampitti sold 16,210 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the completion of the transaction, the insider now directly owns 49,490 shares in the company, valued at approximately $9,750,024.90. This represents a 24.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Emanuela Speranza sold 6,747 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total value of $1,321,737.30. Following the transaction, the insider now owns 30,460 shares of the company’s stock, valued at approximately $5,967,114. This trade represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,200 shares of company stock worth $5,707,620 in the last 90 days. 0.61% of the stock is owned by company insiders.

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.