FSM Wealth Advisors LLC Buys 129 Shares of AMETEK, Inc. (NYSE:AME)

FSM Wealth Advisors LLC lifted its position in shares of AMETEK, Inc. (NYSE:AME) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,022 shares of the technology company’s stock after acquiring an additional 129 shares during the quarter. FSM Wealth Advisors LLC’s holdings in AMETEK were worth $1,034,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AME. Czech National Bank lifted its holdings in AMETEK by 8.6% during the second quarter. Czech National Bank now owns 44,108 shares of the technology company’s stock worth $7,353,000 after acquiring an additional 3,499 shares in the last quarter. Duality Advisers LP acquired a new position in shares of AMETEK in the first quarter valued at about $1,676,000. CWM LLC grew its position in AMETEK by 53.9% during the second quarter. CWM LLC now owns 10,594 shares of the technology company’s stock worth $1,766,000 after buying an additional 3,711 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of AMETEK by 3.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 258,677 shares of the technology company’s stock worth $47,312,000 after purchasing an additional 8,189 shares during the period. Finally, Swedbank AB acquired a new stake in shares of AMETEK during the 1st quarter worth approximately $3,833,000. 87.43% of the stock is owned by institutional investors.

Insider Buying and Selling at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the completion of the sale, the director now owns 23,349 shares in the company, valued at approximately $4,006,454.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.61% of the company’s stock.

AMETEK Trading Up 0.8 %

NYSE AME opened at $179.92 on Tuesday. The stock has a 50 day simple moving average of $169.41 and a two-hundred day simple moving average of $168.88. AMETEK, Inc. has a fifty-two week low of $141.65 and a fifty-two week high of $186.32. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 1.39. The stock has a market cap of $41.66 billion, a P/E ratio of 31.34, a price-to-earnings-growth ratio of 3.01 and a beta of 1.16.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the business earned $1.64 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, analysts forecast that AMETEK, Inc. will post 6.76 earnings per share for the current year.

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.12 annualized dividend and a yield of 0.62%. AMETEK’s dividend payout ratio (DPR) is presently 19.51%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AME shares. Truist Financial increased their price objective on shares of AMETEK from $219.00 to $221.00 and gave the company a “buy” rating in a research note on Friday. Royal Bank of Canada dropped their target price on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. StockNews.com raised shares of AMETEK from a “hold” rating to a “buy” rating in a research report on Monday. TD Cowen lowered AMETEK from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Finally, Robert W. Baird lifted their price objective on shares of AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $197.86.

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.