Stratos Wealth Partners LTD. Grows Stock Holdings in AMETEK, Inc. (NYSE:AME)

Stratos Wealth Partners LTD. lifted its stake in shares of AMETEK, Inc. (NYSE:AME) by 20.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,890 shares of the technology company’s stock after acquiring an additional 649 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in AMETEK were worth $642,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. purchased a new stake in AMETEK in the fourth quarter worth about $25,000. Bruce G. Allen Investments LLC purchased a new stake in shares of AMETEK in the 4th quarter worth approximately $28,000. Resurgent Financial Advisors LLC bought a new position in shares of AMETEK during the fourth quarter valued at approximately $28,000. Covestor Ltd raised its stake in AMETEK by 84.3% in the first quarter. Covestor Ltd now owns 212 shares of the technology company’s stock worth $28,000 after buying an additional 97 shares in the last quarter. Finally, Quarry LP purchased a new stake in AMETEK during the first quarter worth $35,000. Institutional investors own 87.43% of the company’s stock.

AMETEK Trading Down 0.4 %

NYSE:AME opened at $179.71 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.59 and a debt-to-equity ratio of 0.22. The firm has a fifty day simple moving average of $178.31 and a 200-day simple moving average of $163.31. AMETEK, Inc. has a 12 month low of $133.12 and a 12 month high of $186.32. The company has a market capitalization of $41.55 billion, a P/E ratio of 31.69, a PEG ratio of 2.87 and a beta of 1.22.

AMETEK (NYSE:AME) last posted 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. AMETEK had a return on equity of 17.96% and a net margin of 19.91%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the business earned $1.52 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts anticipate that AMETEK, Inc. will post 6.82 earnings per share for the current year.

AMETEK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a $0.28 dividend. This is an increase from AMETEK’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Thursday, March 7th. AMETEK’s dividend payout ratio is 19.75%.

Insider Transactions at AMETEK

In other AMETEK news, CFO William Joseph Burke sold 27,400 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $185.05, for a total value of $5,070,370.00. Following the sale, the chief financial officer now directly owns 106,512 shares of the company’s stock, valued at $19,710,045.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other AMETEK news, CFO William Joseph Burke sold 27,400 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $185.05, for a total value of $5,070,370.00. Following the completion of the transaction, the chief financial officer now directly owns 106,512 shares of the company’s stock, valued at $19,710,045.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas M. Montgomery sold 6,891 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $185.38, for a total transaction of $1,277,453.58. Following the sale, the vice president now directly owns 21,543 shares in the company, valued at approximately $3,993,641.34. The disclosure for this sale can be found here. Insiders have sold 59,881 shares of company stock worth $10,689,758 over the last 90 days. 0.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on AME shares. KeyCorp boosted their price target on AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Truist Financial began coverage on shares of AMETEK in a report on Thursday, March 14th. They issued a “buy” rating and a $210.00 price target on the stock. Royal Bank of Canada decreased their target price on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Finally, StockNews.com lowered shares of AMETEK from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.78.

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.