Mayfair Advisory Group LLC Has $1.57 Million Stake in AMETEK, Inc. (NYSE:AME)

Mayfair Advisory Group LLC lifted its stake in shares of AMETEK, Inc. (NYSE:AME) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,565 shares of the technology company’s stock after purchasing an additional 283 shares during the quarter. AMETEK accounts for 1.1% of Mayfair Advisory Group LLC’s holdings, making the stock its 18th biggest holding. Mayfair Advisory Group LLC’s holdings in AMETEK were worth $1,567,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of AME. M&T Bank Corp increased its holdings in shares of AMETEK by 0.5% during the fourth quarter. M&T Bank Corp now owns 15,442 shares of the technology company’s stock worth $2,547,000 after buying an additional 73 shares in the last quarter. Provence Wealth Management Group raised its stake in AMETEK by 5.5% during the 4th quarter. Provence Wealth Management Group now owns 1,435 shares of the technology company’s stock worth $237,000 after buying an additional 75 shares during the period. Metis Global Partners LLC lifted its holdings in shares of AMETEK by 0.5% in the 4th quarter. Metis Global Partners LLC now owns 15,934 shares of the technology company’s stock worth $2,627,000 after purchasing an additional 82 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of AMETEK by 4.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 1,919 shares of the technology company’s stock valued at $284,000 after buying an additional 85 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of AMETEK by 2.7% during the fourth quarter. Venturi Wealth Management LLC now owns 3,203 shares of the technology company’s stock worth $528,000 after acquiring an additional 85 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Stock Up 0.1 %

Shares of AME traded up $0.24 on Friday, hitting $166.71. 1,750,032 shares of the stock traded hands, compared to its average volume of 1,212,094. The company has a market capitalization of $38.59 billion, a PE ratio of 29.30, a P/E/G ratio of 2.67 and a beta of 1.20. AMETEK, Inc. has a one year low of $136.89 and a one year high of $186.32. 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 business has a 50 day simple moving average of $170.61 and a 200 day simple moving average of $171.74.

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. 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 analysts’ expectations of $1.78 billion. During the same period in the previous year, the company earned $1.49 earnings per share. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities analysts forecast that AMETEK, Inc. will post 6.83 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Friday, June 14th. AMETEK’s payout ratio is 19.68%.

Wall Street Analyst Weigh In

Several brokerages have commented on AME. Oppenheimer raised shares of AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 price objective on the stock in a research report on Wednesday, May 22nd. Truist Financial started coverage on AMETEK in a research note on Thursday, March 14th. They set a “buy” rating and a $210.00 price objective for the company. Robert W. Baird dropped their target price on shares of AMETEK from $173.00 to $171.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. Finally, StockNews.com downgraded AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, AMETEK has an average rating of “Moderate Buy” and an average target price of $181.80.

Insiders Place Their Bets

In other news, Director Steven W. Kohlhagen sold 1,440 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $173.93, for a total value of $250,459.20. Following the completion of the transaction, the director now owns 24,809 shares of the company’s stock, valued at $4,315,029.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Steven W. Kohlhagen sold 1,440 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $173.93, for a total value of $250,459.20. Following the sale, the director now directly owns 24,809 shares in the company, valued at $4,315,029.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven W. Kohlhagen sold 1,470 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $170.20, for a total value of $250,194.00. Following the transaction, the director now owns 26,249 shares of the company’s stock, valued at $4,467,579.80. The disclosure for this sale can be found here. 0.61% of the stock is owned by company 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.