AMETEK, Inc. (NYSE:AME) Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC trimmed its position in AMETEK, Inc. (NYSE:AME - Free Report) by 1.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 363,926 shares of the technology company's stock after selling 5,596 shares during the quarter. AMETEK makes up approximately 4.7% of Mountain Pacific Investment Advisers LLC's holdings, making the stock its 3rd largest position. Mountain Pacific Investment Advisers LLC owned 0.16% of AMETEK worth $62,646,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AME. Vanguard Group Inc. increased its stake in AMETEK by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 26,147,772 shares of the technology company's stock valued at $4,713,397,000 after purchasing an additional 282,208 shares during the last quarter. FMR LLC boosted its holdings in shares of AMETEK by 1.1% in the 4th quarter. FMR LLC now owns 8,956,329 shares of the technology company's stock valued at $1,614,468,000 after buying an additional 98,546 shares during the period. Capital World Investors grew its position in shares of AMETEK by 70.0% during the 4th quarter. Capital World Investors now owns 5,760,017 shares of the technology company's stock valued at $1,038,301,000 after buying an additional 2,371,062 shares during the last quarter. Geode Capital Management LLC grew its position in shares of AMETEK by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 5,526,369 shares of the technology company's stock valued at $993,546,000 after buying an additional 124,713 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in AMETEK by 2.3% during the fourth quarter. Bank of New York Mellon Corp now owns 4,415,508 shares of the technology company's stock worth $795,939,000 after acquiring an additional 99,505 shares during the period. 87.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AMETEK

In related news, Director Thomas A. Amato sold 710 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $176.64, for a total transaction of $125,414.40. Following the completion of the transaction, the director now owns 10,560 shares of the company's stock, valued at $1,865,318.40. This trade represents a 6.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.57% of the company's stock.

AMETEK Trading Down 1.8%

NYSE:AME opened at $176.72 on Monday. The stock has a market cap of $40.80 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 2.73 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.75 and a current ratio of 1.24. AMETEK, Inc. has a 1 year low of $145.02 and a 1 year high of $198.33. The business has a fifty day moving average of $171.32 and a 200-day moving average of $178.07.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.06. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.74 billion. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The company's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.64 earnings per share. Equities analysts predict that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Friday, June 13th. AMETEK's dividend payout ratio (DPR) is presently 20.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AME shares. Truist Financial lifted their target price on AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Royal Bank of Canada boosted their price objective on AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Wall Street Zen upgraded AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Robert W. Baird cut their target price on AMETEK from $197.00 to $190.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, Morgan Stanley began coverage on shares of AMETEK in a research report on Monday, April 14th. They set an "equal weight" rating and a $170.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, AMETEK currently has a consensus rating of "Moderate Buy" and an average price target of $197.89.

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.

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