apricus wealth LLC Has $370,000 Stock Position in AMETEK, Inc. (NYSE:AME)

apricus wealth LLC lessened its holdings in AMETEK, Inc. (NYSE:AME) by 9.3% during the 4th quarter, Holdings Channel reports. The firm owned 2,055 shares of the technology company’s stock after selling 210 shares during the period. apricus wealth LLC’s holdings in AMETEK were worth $370,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. EdgePoint Investment Group Inc. lifted its stake in shares of AMETEK by 87.9% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 1,964,236 shares of the technology company’s stock valued at $337,279,000 after purchasing an additional 918,737 shares during the period. Meridiem Investment Management Ltd. acquired a new stake in AMETEK during the 3rd quarter worth $130,579,000. Principal Financial Group Inc. raised its position in shares of AMETEK by 72.0% during the third quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company’s stock worth $288,526,000 after purchasing an additional 703,501 shares during the period. D1 Capital Partners L.P. acquired a new stake in AMETEK during the 3rd quarter worth approximately $79,782,000. Finally, Assenagon Asset Management S.A. boosted its stake in AMETEK by 434.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 541,517 shares of the technology company’s stock worth $97,614,000 after purchasing an additional 440,197 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AME shares. TD Cowen lowered AMETEK from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. StockNews.com lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. BNP Paribas raised shares of AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 target price for the company in a research report on Thursday, January 16th. Truist Financial increased their price objective on shares of AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, Mizuho lifted their target price on AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $203.44.

AMETEK Trading Down 1.3 %

Shares of NYSE:AME opened at $187.91 on Friday. The stock has a market cap of $43.47 billion, a PE ratio of 32.74, a P/E/G ratio of 2.73 and a beta of 1.16. 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, Inc. has a 12-month low of $149.03 and a 12-month high of $198.33. The business has a 50 day moving average of $186.57 and a 200-day moving average of $175.68.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the firm posted $1.64 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities research analysts forecast that AMETEK, Inc. will post 6.8 earnings per share for the current year.

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.60%. AMETEK’s payout ratio is presently 19.51%.

Insider Transactions at AMETEK

In related news, insider David F. Hermance sold 6,243 shares of the business’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 transaction, the insider now owns 36,731 shares of the company’s stock, valued at $7,015,253.69. The trade was a 14.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tony J. Ciampitti sold 16,210 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the sale, the insider now owns 49,490 shares in the company, valued at $9,750,024.90. The trade was a 24.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,200 shares of company stock valued at $5,707,620. 0.61% of the stock is currently owned by company insiders.

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.