Natixis Advisors L.P. Sells 2,974 Shares of AMETEK, Inc. (NYSE:AME)

Natixis Advisors L.P. lowered its stake in shares of AMETEK, Inc. (NYSE:AME) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,727 shares of the technology company’s stock after selling 2,974 shares during the quarter. Natixis Advisors L.P.’s holdings in AMETEK were worth $11,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Giverny Capital Inc. grew its holdings in shares of AMETEK by 0.5% during the 3rd quarter. Giverny Capital Inc. now owns 897,056 shares of the technology company’s stock worth $132,549,000 after acquiring an additional 4,556 shares during the period. Kestra Private Wealth Services LLC boosted its position in shares of AMETEK by 11.6% during the third quarter. Kestra Private Wealth Services LLC now owns 3,637 shares of the technology company’s stock valued at $537,000 after purchasing an additional 378 shares in the last quarter. Pacer Advisors Inc. grew its stake in AMETEK by 161.0% in the fourth quarter. Pacer Advisors Inc. now owns 44,684 shares of the technology company’s stock worth $7,368,000 after purchasing an additional 27,562 shares during the period. Tyche Wealth Partners LLC bought a new position in AMETEK in the fourth quarter worth $6,275,000. Finally, Whittier Trust Co. lifted its position in AMETEK by 9.0% during the third quarter. Whittier Trust Co. now owns 3,117 shares of the technology company’s stock valued at $461,000 after buying an additional 258 shares during the period. 87.43% of the stock is owned by institutional investors.

AMETEK Price Performance

NYSE AME opened at $169.58 on Wednesday. AMETEK, Inc. has a one year low of $136.89 and a one year high of $186.32. The stock has a 50-day moving average of $179.26 and a 200 day moving average of $166.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.66 and a current ratio of 1.11. The company has a market capitalization of $39.25 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 2.66 and a beta of 1.21.

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

AMETEK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were given a $0.28 dividend. The ex-dividend date was Thursday, March 7th. This is an increase from AMETEK’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a yield of 0.66%. AMETEK’s dividend payout ratio (DPR) is presently 19.68%.

Analyst Ratings Changes

Several brokerages recently issued reports on AME. KeyCorp increased their price target on shares of AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Robert W. Baird lowered their target price on shares of AMETEK from $173.00 to $171.00 and set a “neutral” rating for the company in a report on Monday. Royal Bank of Canada cut their price target on AMETEK from $192.00 to $188.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Truist Financial assumed coverage on AMETEK in a report on Thursday, March 14th. They issued a “buy” rating and a $210.00 target price on the stock. Finally, StockNews.com downgraded AMETEK from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, AMETEK has a consensus rating of “Moderate Buy” and a consensus target price of $179.80.

Insider Transactions at AMETEK

In related news, CFO William Joseph Burke sold 5,973 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $168.90, for a total value of $1,008,839.70. Following the transaction, the chief financial officer now directly owns 101,709 shares of the company’s stock, valued at approximately $17,178,650.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Thomas A. Amato sold 780 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $182.00, for a total value of $141,960.00. Following the completion of the sale, the director now directly owns 10,240 shares of the company’s stock, valued at $1,863,680. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO William Joseph Burke sold 5,973 shares of AMETEK 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 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 have sold 59,881 shares of company stock worth $10,689,758 in the last 90 days. 0.61% of the stock is currently owned by 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.