AMETEK, Inc. (NYSE:AME) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its stake in AMETEK, Inc. (NYSE:AME) by 60.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,341 shares of the technology company’s stock after purchasing an additional 40,616 shares during the period. Cerity Partners LLC’s holdings in AMETEK were worth $18,603,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in shares of AMETEK by 34.6% in the second quarter. Bank of New York Mellon Corp now owns 3,602,753 shares of the technology company’s stock valued at $600,615,000 after buying an additional 926,657 shares in the last quarter. Meridiem Investment Management Ltd. acquired a new position in AMETEK during the third quarter worth about $130,579,000. Principal Financial Group Inc. lifted its holdings in shares of AMETEK by 72.0% in the third quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company’s stock valued at $288,526,000 after purchasing an additional 703,501 shares in the last quarter. James Hambro & Partners LLP acquired a new stake in shares of AMETEK in the third quarter valued at approximately $60,188,000. Finally, Ceredex Value Advisors LLC purchased a new position in shares of AMETEK during the 3rd quarter worth approximately $40,811,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Stock Performance

NYSE:AME opened at $197.12 on Tuesday. The company has a market cap of $45.60 billion, a P/E ratio of 34.34, a P/E/G ratio of 3.22 and a beta of 1.16. The firm’s 50 day moving average is $177.04 and its two-hundred day moving average is $170.91. AMETEK, Inc. has a fifty-two week low of $149.03 and a fifty-two week high of $198.33. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18.

AMETEK (NYSE:AME) last issued its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company posted $1.64 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. Analysts expect that AMETEK, Inc. will post 6.8 EPS for the current year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Friday, December 6th. AMETEK’s payout ratio is currently 19.51%.

Insider Buying and Selling

In other news, insider David F. Hermance sold 6,243 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $190.99, for a total value of $1,192,350.57. Following the completion of the sale, the insider now owns 36,731 shares of the company’s stock, valued at $7,015,253.69. This represents a 14.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tony J. Ciampitti sold 16,210 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $197.01, for a total value of $3,193,532.10. Following the completion of the sale, the insider now owns 49,490 shares of the company’s stock, valued at approximately $9,750,024.90. This trade represents a 24.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,913 shares of company stock valued at $4,636,404. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on AME. Royal Bank of Canada dropped their price target on AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. KeyCorp boosted their target price on shares of AMETEK from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday. StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Truist Financial boosted their price objective on shares of AMETEK from $219.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Wolfe Research upgraded shares of AMETEK to a “hold” rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.29.

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.