1,507 Shares in AMETEK, Inc. (NYSE:AME) Bought by SVB Wealth LLC

SVB Wealth LLC bought a new position in AMETEK, Inc. (NYSE:AME) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,507 shares of the technology company’s stock, valued at approximately $249,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Lincoln National Corp boosted its stake in AMETEK by 6.1% in the 3rd quarter. Lincoln National Corp now owns 1,436 shares of the technology company’s stock worth $212,000 after purchasing an additional 83 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in AMETEK by 4.6% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,919 shares of the technology company’s stock worth $284,000 after buying an additional 85 shares in the last quarter. Venturi Wealth Management LLC lifted its position in AMETEK by 2.7% during the 4th quarter. Venturi Wealth Management LLC now owns 3,203 shares of the technology company’s stock worth $528,000 after buying an additional 85 shares in the last quarter. HBK Sorce Advisory LLC lifted its position in AMETEK by 1.8% during the 4th quarter. HBK Sorce Advisory LLC now owns 5,319 shares of the technology company’s stock worth $877,000 after buying an additional 94 shares in the last quarter. Finally, Waldron Private Wealth LLC lifted its position in AMETEK by 1.1% during the 4th quarter. Waldron Private Wealth LLC now owns 8,536 shares of the technology company’s stock worth $1,407,000 after buying an additional 97 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AMETEK

In other AMETEK news, Director Thomas A. Amato sold 780 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $182.00, for a total value of $141,960.00. Following the transaction, the director now directly owns 10,240 shares of the company’s stock, valued at approximately $1,863,680. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other AMETEK news, Director Thomas A. Amato sold 780 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $182.00, for a total value of $141,960.00. Following the transaction, the director now directly owns 10,240 shares of the company’s stock, valued at approximately $1,863,680. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO William Joseph Burke sold 5,973 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $168.90, for a total transaction of $1,008,839.70. Following the completion of the transaction, the chief financial officer now directly owns 101,709 shares in the company, valued at $17,178,650.10. The disclosure for this sale can be found here. Insiders have sold a total of 59,881 shares of company stock valued at $10,689,758 in the last three months. 0.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AME has been the topic of several analyst reports. Truist Financial initiated coverage on shares of AMETEK in a research report on Thursday, March 14th. They set a “buy” rating and a $210.00 price target on the stock. KeyCorp boosted their price target on shares of AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. Finally, Royal Bank of Canada cut their price target on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.78.

AMETEK Stock Up 0.1 %

Shares of AME stock opened at $177.86 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.59 and a current ratio of 0.98. The firm’s 50-day moving average is $179.63 and its 200-day moving average is $164.77. The stock has a market cap of $41.12 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 2.84 and a beta of 1.22. AMETEK, Inc. has a 52-week low of $133.12 and a 52-week high of $186.32.

AMETEK (NYSE:AME) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.06. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.73 billion. AMETEK had a net margin of 19.91% and a return on equity of 17.96%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 EPS. Sell-side analysts predict that AMETEK, Inc. will post 6.82 EPS for the current year.

AMETEK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were issued a $0.28 dividend. This is a boost from AMETEK’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Thursday, March 7th. AMETEK’s dividend payout ratio is currently 19.75%.

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.