First Trust Direct Indexing L.P. Has $757,000 Stock Holdings in AMETEK, Inc. (NYSE:AME)

First Trust Direct Indexing L.P. raised its stake in AMETEK, Inc. (NYSE:AME) by 10.0% in the 4th quarter, HoldingsChannel reports. The firm owned 4,590 shares of the technology company’s stock after acquiring an additional 416 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in AMETEK were worth $757,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Lincoln National Corp raised its stake in AMETEK by 6.1% during the 3rd quarter. Lincoln National Corp now owns 1,436 shares of the technology company’s stock worth $212,000 after buying an additional 83 shares during the period. B. Riley Wealth Advisors Inc. raised its position in shares of AMETEK by 4.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 1,919 shares of the technology company’s stock worth $284,000 after purchasing an additional 85 shares during the period. Venturi Wealth Management LLC raised its position in shares of AMETEK by 2.7% during the fourth quarter. Venturi Wealth Management LLC now owns 3,203 shares of the technology company’s stock worth $528,000 after purchasing an additional 85 shares during the period. HBK Sorce Advisory LLC lifted its holdings in shares of AMETEK by 1.8% in the 4th quarter. HBK Sorce Advisory LLC now owns 5,319 shares of the technology company’s stock worth $877,000 after purchasing an additional 94 shares in the last quarter. Finally, Waldron Private Wealth LLC grew its position in AMETEK by 1.1% in the 4th quarter. Waldron Private Wealth LLC now owns 8,536 shares of the technology company’s stock valued at $1,407,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Stock Up 2.0 %

AME stock opened at $166.56 on Friday. The stock’s 50 day moving average is $179.64 and its 200-day moving average is $166.05. The firm has a market capitalization of $38.51 billion, a PE ratio of 29.27, a P/E/G ratio of 2.66 and a beta of 1.21. AMETEK, Inc. has a twelve month low of $136.89 and a twelve month high of $186.32. The company has a quick ratio of 0.59, a current ratio of 1.11 and a debt-to-equity ratio of 0.21.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.78 billion. AMETEK had a return on equity of 17.74% and a net margin of 19.57%. AMETEK’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $1.49 earnings per share. Sell-side analysts expect that AMETEK, Inc. will post 6.81 EPS for the current fiscal year.

AMETEK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were issued a dividend of $0.28 per share. This is a positive change from AMETEK’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Thursday, March 7th. AMETEK’s dividend payout ratio (DPR) is 19.68%.

Insider Buying and Selling

In other AMETEK news, Director Steven W. Kohlhagen sold 1,400 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $180.59, for a total value of $252,826.00. Following the sale, the director now directly owns 28,054 shares in the company, valued at $5,066,271.86. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other AMETEK news, Director Steven W. Kohlhagen sold 1,400 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $180.59, for a total value of $252,826.00. Following the sale, the director now directly owns 28,054 shares in the company, valued at $5,066,271.86. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Thomas M. Montgomery sold 6,891 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $185.38, for a total value of $1,277,453.58. Following the completion of the sale, the vice president now owns 21,543 shares in the company, valued at $3,993,641.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,881 shares of company stock worth $10,689,758. 0.61% of the stock is owned by company insiders.

Analyst Ratings Changes

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

About AMETEK

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.