1,703 Shares in AMETEK, Inc. (NYSE:AME) Bought by Sowell Financial Services LLC

Sowell Financial Services LLC acquired a new position in shares of AMETEK, Inc. (NYSE:AME - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,703 shares of the technology company's stock, valued at approximately $293,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Banque Transatlantique SA acquired a new stake in shares of AMETEK in the fourth quarter worth approximately $37,000. OFI Invest Asset Management acquired a new stake in shares of AMETEK in the fourth quarter worth approximately $43,000. Minot DeBlois Advisors LLC acquired a new stake in shares of AMETEK in the fourth quarter worth approximately $43,000. Ancora Advisors LLC boosted its stake in shares of AMETEK by 15,950.0% in the fourth quarter. Ancora Advisors LLC now owns 321 shares of the technology company's stock worth $58,000 after acquiring an additional 319 shares during the last quarter. Finally, Johnson Financial Group Inc. boosted its stake in shares of AMETEK by 90.2% in the fourth quarter. Johnson Financial Group Inc. now owns 428 shares of the technology company's stock worth $79,000 after acquiring an additional 203 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AMETEK

In related news, Director Thomas A. Amato sold 710 shares of the business'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 sale, the director now owns 10,560 shares in the company, valued at approximately $1,865,318.40. The trade was a 6.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Truist Financial boosted their price objective on AMETEK from $196.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Morgan Stanley assumed coverage on AMETEK in a research note on Monday, April 14th. They set an "equal weight" rating and a $170.00 price objective on the stock. Mizuho set a $212.00 price objective on AMETEK in a research note on Friday, May 16th. Finally, Royal Bank Of Canada boosted their price objective on AMETEK from $194.00 to $201.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.89.

AMETEK Trading Down 0.7%

NYSE:AME traded down $1.17 on Friday, reaching $176.59. The company's stock had a trading volume of 2,794,326 shares, compared to its average volume of 1,293,041. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month high of $198.33. The company has a quick ratio of 0.86, a current ratio of 1.41 and a debt-to-equity ratio of 0.15. The firm has a market cap of $40.77 billion, a price-to-earnings ratio of 28.90, a price-to-earnings-growth ratio of 2.65 and a beta of 1.10. The stock has a 50 day moving average price of $173.25 and a 200 day moving average price of $177.58.

AMETEK (NYSE:AME - Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $1.75 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.06. AMETEK had a return on equity of 16.75% and a net margin of 20.43%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the business earned $1.64 earnings per share. The company's revenue for the quarter was down .2% on a year-over-year basis. On average, equities analysts anticipate that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.31 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.24 annualized dividend and a dividend yield of 0.70%. AMETEK's dividend payout ratio is presently 20.29%.

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.