AMETEK, Inc. (NYSE:AME) Shares Sold by Strs Ohio

Strs Ohio decreased its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 386,142 shares of the technology company's stock after selling 15,212 shares during the quarter. Strs Ohio owned approximately 0.17% of AMETEK worth $63,670,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AME. McGlone Suttner Wealth Management Inc. purchased a new stake in AMETEK in the fourth quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in AMETEK in the fourth quarter valued at approximately $26,000. Bruce G. Allen Investments LLC purchased a new stake in AMETEK in the fourth quarter valued at approximately $28,000. Resurgent Financial Advisors LLC purchased a new stake in AMETEK in the fourth quarter valued at approximately $28,000. Finally, Covestor Ltd lifted its stake in AMETEK by 84.3% in the first quarter. Covestor Ltd now owns 212 shares of the technology company's stock valued at $28,000 after buying an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company's stock.

Analyst Upgrades and Downgrades

AME has been the subject of several analyst reports. Royal Bank of Canada cut their price target on AMETEK from $192.00 to $188.00 and set an "outperform" rating for the company in a research note on Wednesday, February 7th. Truist Financial initiated coverage on AMETEK in a report on Thursday, March 14th. They issued a "buy" rating and a $210.00 target price on the stock. StockNews.com lowered AMETEK from a "buy" rating to a "hold" rating in a report on Saturday, March 2nd. Finally, KeyCorp upped their target price on AMETEK from $182.00 to $205.00 and gave the company an "overweight" rating in a report on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $180.78.

AMETEK Price Performance

Shares of NYSE:AME traded down $0.79 on Friday, hitting $179.71. The company had a trading volume of 826,319 shares, compared to its average volume of 828,261. The company has a current ratio of 0.98, a quick ratio of 0.59 and a debt-to-equity ratio of 0.22. AMETEK, Inc. has a 52-week low of $133.12 and a 52-week high of $186.32. The business has a 50 day moving average of $178.31 and a 200 day moving average of $163.51. The company has a market cap of $41.55 billion, a PE ratio of 31.69, a PEG ratio of 2.87 and a beta of 1.22.

AMETEK (NYSE:AME - Get Free Report) last released its earnings results on Tuesday, February 6th. The technology company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.06. AMETEK had a return on equity of 17.96% and a net margin of 19.91%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the business posted $1.52 earnings per share. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities analysts anticipate that AMETEK, Inc. will post 6.82 earnings per share for the current fiscal year.

AMETEK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, March 7th. This is an increase from AMETEK's previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a yield of 0.62%. AMETEK's dividend payout ratio is 19.75%.

Insider Buying and Selling

In related news, VP Thomas M. Montgomery sold 6,891 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $185.38, for a total transaction of $1,277,453.58. Following the transaction, the vice president now directly owns 21,543 shares in the company, valued at $3,993,641.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO William Joseph Burke sold 5,973 shares of the firm's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $168.90, for a total value of $1,008,839.70. Following the transaction, the chief financial officer now directly owns 101,709 shares in the company, valued at approximately $17,178,650.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Thomas M. Montgomery sold 6,891 shares of the firm's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $185.38, for a total value of $1,277,453.58. Following the completion of the transaction, the vice president now owns 21,543 shares in the company, valued at $3,993,641.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,881 shares of company stock worth $10,689,758. 0.61% of the stock is owned by company insiders.

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.