Signaturefd LLC Sells 837 Shares of AMETEK, Inc. (NYSE:AME)

Signaturefd LLC reduced its position in shares of AMETEK, Inc. (NYSE:AME) by 16.9% in the fourth quarter, Holdings Channel reports. The firm owned 4,102 shares of the technology company’s stock after selling 837 shares during the quarter. Signaturefd LLC’s holdings in AMETEK were worth $676,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. McGlone Suttner Wealth Management Inc. bought a new stake in AMETEK during the 4th quarter valued at about $25,000. Wetzel Investment Advisors Inc. bought a new stake in shares of AMETEK in the fourth quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of AMETEK in the fourth quarter worth approximately $26,000. Bruce G. Allen Investments LLC bought a new stake in shares of AMETEK in the fourth quarter worth approximately $28,000. Finally, Rakuten Securities Inc. bought a new stake in shares of AMETEK in the fourth quarter worth approximately $31,000. 87.43% of the stock is currently owned by institutional investors.

AMETEK Price Performance

AME stock opened at $179.85 on Wednesday. AMETEK, Inc. has a one year low of $133.12 and a one year high of $186.32. The company’s fifty day moving average price is $179.87 and its 200-day moving average price is $164.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.59 and a current ratio of 0.98. The company has a market capitalization of $41.58 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 2.84 and a beta of 1.22.

AMETEK (NYSE:AME) last released its earnings results on Tuesday, February 6th. The technology company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.62 by $0.06. AMETEK had a net margin of 19.91% and a return on equity of 17.96%. The firm 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 firm earned $1.52 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities analysts anticipate that AMETEK, Inc. will post 6.82 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 given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.62%. The ex-dividend date was Thursday, March 7th. This is a boost from AMETEK’s previous quarterly dividend of $0.25. AMETEK’s payout ratio is currently 19.75%.

Insider Buying and Selling

In related news, Director Steven W. Kohlhagen sold 1,400 shares of the business’s stock in a transaction 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 sale, the director now owns 28,054 shares in the company, valued at $5,066,271.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction, the chief financial officer now owns 101,709 shares in the company, valued at $17,178,650.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven W. Kohlhagen sold 1,400 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $180.59, for a total transaction of $252,826.00. Following the transaction, the director now owns 28,054 shares in the company, valued at approximately $5,066,271.86. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,881 shares of company stock worth $10,689,758. Insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on AME. StockNews.com lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. KeyCorp lifted their price target on shares of AMETEK from $182.00 to $205.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Truist Financial began coverage on shares of AMETEK in a report on Thursday, March 14th. They set a “buy” rating and a $210.00 price target on the stock. Finally, 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. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, AMETEK has an average rating of “Moderate Buy” and a consensus target price of $180.78.

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.