SG Americas Securities LLC Grows Stock Holdings in AMETEK, Inc. (NYSE:AME)

SG Americas Securities LLC grew its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 9,004.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,519 shares of the technology company's stock after buying an additional 163,701 shares during the quarter. SG Americas Securities LLC owned 0.07% of AMETEK worth $28,492,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in AMETEK by 7.3% during the 1st quarter. GAMMA Investing LLC now owns 5,654 shares of the technology company's stock worth $973,000 after acquiring an additional 384 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of AMETEK during the 1st quarter worth about $323,000. Portside Wealth Group LLC grew its stake in AMETEK by 13.6% in the 1st quarter. Portside Wealth Group LLC now owns 4,322 shares of the technology company's stock valued at $744,000 after buying an additional 516 shares during the last quarter. Fenimore Asset Management Inc grew its stake in AMETEK by 1.6% in the 1st quarter. Fenimore Asset Management Inc now owns 277,371 shares of the technology company's stock valued at $47,747,000 after buying an additional 4,502 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its position in AMETEK by 14.6% during the first quarter. Park Avenue Securities LLC now owns 7,552 shares of the technology company's stock worth $1,300,000 after acquiring an additional 964 shares during the last quarter. Institutional investors own 87.43% of the company's stock.

Insider Buying and Selling

In other AMETEK news, Director Thomas A. Amato sold 710 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $176.64, for a total value of $125,414.40. Following the completion of the sale, the director now directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. 0.57% of the stock is currently owned by insiders.

Analyst Ratings Changes

AME has been the subject of a number of analyst reports. Robert W. Baird dropped their price target on shares of AMETEK from $197.00 to $190.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Mizuho set a $212.00 target price on shares of AMETEK in a research report on Friday, May 16th. Wall Street Zen upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Royal Bank of Canada upped their price objective on shares of AMETEK from $194.00 to $201.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, Truist Financial increased their price objective on AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $197.89.

AMETEK Stock Down 0.5%

AME stock traded down $0.85 during trading on Thursday, reaching $180.05. 300,894 shares of the stock were exchanged, compared to its average volume of 1,288,091. The firm's 50 day moving average is $170.28 and its 200 day moving average is $178.57. The firm has a market cap of $41.57 billion, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 2.73 and a beta of 1.10. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.06. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The firm had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same period last year, the company earned $1.64 earnings per share. The business's revenue was down .2% on a year-over-year basis. As a group, research analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, June 13th. AMETEK's dividend payout ratio is currently 20.29%.

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.