AMETEK, Inc. (NYSE:AME) Shares Purchased by Buffington Mohr McNeal

Buffington Mohr McNeal raised its position in AMETEK, Inc. (NYSE:AME) by 0.3% during the first quarter, HoldingsChannel.com reports. The firm owned 63,076 shares of the technology company’s stock after buying an additional 204 shares during the quarter. AMETEK comprises 2.1% of Buffington Mohr McNeal’s investment portfolio, making the stock its 18th biggest position. Buffington Mohr McNeal’s holdings in AMETEK were worth $11,537,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of AMETEK during the 4th quarter valued at about $25,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of AMETEK during the 4th quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of AMETEK during the 4th quarter valued at about $26,000. Bruce G. Allen Investments LLC purchased a new stake in shares of AMETEK during the 4th quarter valued at about $28,000. Finally, Rakuten Securities Inc. purchased a new stake in shares of AMETEK during the 4th quarter valued at about $31,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

AMETEK Stock Performance

NYSE:AME traded up $0.53 during midday trading on Tuesday, reaching $166.10. 705,685 shares of the company traded hands, compared to its average volume of 1,056,027. The company has a fifty day moving average price of $170.36 and a 200 day moving average price of $171.75. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 0.66. The firm has a market capitalization of $38.45 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18. AMETEK, Inc. has a twelve month low of $136.89 and a twelve month high of $186.32.

AMETEK (NYSE:AME) last announced its earnings results 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 return on equity of 17.74% and a net margin of 19.57%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the business earned $1.49 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts expect that AMETEK, Inc. will post 6.83 EPS for the current fiscal year.

AMETEK Announces Dividend

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

Insider Transactions at AMETEK

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on AME shares. StockNews.com downgraded AMETEK from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Oppenheimer upgraded AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 target price for the company in a research report on Wednesday, May 22nd. Truist Financial decreased their target price on AMETEK from $210.00 to $204.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Robert W. Baird decreased their target price on AMETEK from $173.00 to $171.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.20.

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.