National Bank of Canada FI Sells 149,404 Shares of AMETEK, Inc. (NYSE:AME)

National Bank of Canada FI cut its holdings in AMETEK, Inc. (NYSE:AME) by 68.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 68,582 shares of the technology company’s stock after selling 149,404 shares during the quarter. National Bank of Canada FI’s holdings in AMETEK were worth $11,167,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AME. McGlone Suttner Wealth Management Inc. bought a new position in AMETEK during the 4th quarter worth approximately $25,000. Wetzel Investment Advisors Inc. bought a new position in shares of AMETEK during the fourth quarter worth $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of AMETEK in the 4th quarter valued at $26,000. Bruce G. Allen Investments LLC bought a new stake in shares of AMETEK in the 4th quarter valued at $28,000. Finally, Rakuten Securities Inc. bought a new position in AMETEK during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AME. Robert W. Baird dropped their price target on AMETEK from $173.00 to $171.00 and set a “neutral” rating on the stock in a research report on Monday. Truist Financial began coverage on AMETEK in a research note on Thursday, March 14th. They issued a “buy” rating and a $210.00 price target for the company. Royal Bank of Canada lowered their price target 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. StockNews.com downgraded AMETEK from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. Finally, KeyCorp lifted their price target on AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $179.80.

AMETEK Trading Down 0.3 %

Shares of AME stock opened at $169.14 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.66 and a current ratio of 1.11. AMETEK, Inc. has a fifty-two week low of $136.89 and a fifty-two week high of $186.32. The company has a market cap of $39.15 billion, a PE ratio of 29.73, a P/E/G ratio of 2.66 and a beta of 1.21. The stock’s fifty day moving average price is $179.26 and its two-hundred day moving average price is $166.69.

AMETEK (NYSE:AME) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.64 earnings per share for the quarter, beating the consensus estimate 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 revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $1.49 earnings per share. Equities analysts predict that AMETEK, Inc. will post 6.81 EPS for the current fiscal year.

AMETEK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.66%. This is a boost from AMETEK’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, March 7th. AMETEK’s dividend payout ratio is currently 19.68%.

Insider Activity at AMETEK

In other AMETEK news, CFO William Joseph Burke sold 5,973 shares of the business’s stock in a transaction on 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 sale, the chief financial officer now owns 101,709 shares of the company’s stock, valued at $17,178,650.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other AMETEK news, Director Steven W. Kohlhagen sold 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $180.59, for a total value of $252,826.00. Following the completion of the transaction, the director now directly owns 28,054 shares in the company, valued at approximately $5,066,271.86. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO William Joseph Burke sold 5,973 shares of AMETEK stock in a transaction on Monday, February 12th. The stock was sold at an average price of $168.90, for a total transaction of $1,008,839.70. Following the transaction, the chief financial officer now owns 101,709 shares in the company, valued at approximately $17,178,650.10. The disclosure for this sale can be found here. Insiders sold a total of 59,881 shares of company stock valued at $10,689,758 in the last quarter. Insiders own 0.61% of the company’s stock.

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.