Willner & Heller LLC Takes Position in AMETEK, Inc. (NYSE:AME)

Willner & Heller LLC purchased a new position in AMETEK, Inc. (NYSE:AME) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,082 shares of the technology company’s stock, valued at approximately $343,000.

A number of other large investors also recently bought and sold shares of AME. Aviva PLC grew its stake in shares of AMETEK by 10.6% in the third quarter. Aviva PLC now owns 20,038 shares of the technology company’s stock worth $2,961,000 after acquiring an additional 1,913 shares during the last quarter. Kestra Advisory Services LLC grew its position in AMETEK by 487.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 17,155 shares of the technology company’s stock valued at $2,535,000 after purchasing an additional 14,237 shares during the last quarter. Prudential PLC increased its stake in AMETEK by 168.2% during the 3rd quarter. Prudential PLC now owns 34,765 shares of the technology company’s stock valued at $5,137,000 after purchasing an additional 21,804 shares in the last quarter. Rafferty Asset Management LLC raised its holdings in AMETEK by 10.4% in the 3rd quarter. Rafferty Asset Management LLC now owns 18,347 shares of the technology company’s stock worth $2,711,000 after acquiring an additional 1,735 shares during the last quarter. Finally, QRG Capital Management Inc. bought a new position in AMETEK in the 3rd quarter valued at approximately $1,453,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AMETEK

In other AMETEK news, CFO William Joseph Burke sold 27,400 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 106,512 shares in the company, valued at $19,710,045.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other AMETEK news, CFO William Joseph Burke sold 27,400 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $185.05, for a total transaction 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 legal filing with the SEC, which is available through this hyperlink. Also, VP Thomas M. Montgomery sold 6,891 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $185.38, for a total value of $1,277,453.58. Following the sale, the vice president now owns 21,543 shares of the company’s stock, valued at approximately $3,993,641.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,981 shares of company stock worth $6,990,437. 0.61% of the stock is owned by company insiders.

AMETEK Stock Performance

AME stock traded down $6.61 during midday trading on Friday, reaching $167.02. 1,875,898 shares of the company’s stock traded hands, compared to its average volume of 1,206,355. The company has a current ratio of 1.11, a quick ratio of 0.66 and a debt-to-equity ratio of 0.21. AMETEK, Inc. has a 52-week low of $136.89 and a 52-week high of $186.32. The stock has a market cap of $38.66 billion, a P/E ratio of 29.35, a PEG ratio of 2.67 and a beta of 1.20. The stock’s 50-day moving average is $172.72 and its 200 day moving average is $170.95.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. AMETEK had a net margin of 19.57% and a return on equity of 17.74%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the firm posted $1.49 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, analysts anticipate that AMETEK, Inc. will post 6.83 EPS for the current year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, June 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.67%. AMETEK’s payout ratio is currently 19.68%.

Analyst Upgrades and Downgrades

AME has been the subject of a number of research analyst reports. KeyCorp lifted their target price on AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Truist Financial began coverage on AMETEK in a research report on Thursday, March 14th. They issued a “buy” rating and a $210.00 target price for the company. StockNews.com raised shares of AMETEK from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Oppenheimer raised shares of AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 price objective for the company in a report on Wednesday, May 22nd. Finally, Robert W. Baird dropped their target price on shares of AMETEK from $173.00 to $171.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $181.80.

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.