Blue Trust Inc. Buys 810 Shares of AMETEK, Inc. (NYSE:AME)

Blue Trust Inc. boosted its stake in AMETEK, Inc. (NYSE:AME) by 58.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,198 shares of the technology company’s stock after purchasing an additional 810 shares during the quarter. Blue Trust Inc.’s holdings in AMETEK were worth $366,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Washington Trust Advisors Inc. acquired a new position in shares of AMETEK in the 1st quarter valued at approximately $37,000. Family Firm Inc. acquired a new position in AMETEK during the second quarter valued at approximately $39,000. Industrial Alliance Investment Management Inc. bought a new stake in AMETEK during the second quarter worth $42,000. Headlands Technologies LLC acquired a new stake in shares of AMETEK in the 1st quarter valued at $43,000. Finally, Crewe Advisors LLC increased its stake in shares of 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 purchasing an additional 184 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AME. StockNews.com downgraded AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Mizuho increased their target price on shares of AMETEK from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Truist Financial lifted their price target on shares of AMETEK from $201.00 to $219.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Wolfe Research raised shares of AMETEK to a “hold” rating in a research note on Wednesday, September 18th. Finally, Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $193.29.

AMETEK Stock Down 1.0 %

AMETEK stock opened at $166.67 on Thursday. The firm has a market cap of $38.58 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 2.77 and a beta of 1.17. AMETEK, Inc. has a 52-week low of $136.89 and a 52-week high of $186.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.26. The firm has a 50 day moving average price of $168.26 and a two-hundred day moving average price of $169.35.

AMETEK (NYSE:AME) last announced its earnings results 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 business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the firm earned $1.57 earnings per share. AMETEK’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts predict that AMETEK, Inc. will post 6.76 EPS for the current year.

AMETEK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Monday, September 16th. AMETEK’s payout ratio is 19.68%.

Insider Buying and Selling

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

AMETEK 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.