Princeton Global Asset Management LLC Has $36,000 Stake in AMETEK, Inc. (NYSE:AME)

Princeton Global Asset Management LLC reduced its stake in shares of AMETEK, Inc. (NYSE:AME) by 21.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 202 shares of the technology company’s stock after selling 56 shares during the period. Princeton Global Asset Management LLC’s holdings in AMETEK were worth $36,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AME. Sanctuary Advisors LLC bought a new position in AMETEK during the 2nd quarter worth $2,472,000. Czech National Bank raised its position in AMETEK by 6.9% during the 3rd quarter. Czech National Bank now owns 47,166 shares of the technology company’s stock worth $8,099,000 after purchasing an additional 3,058 shares during the last quarter. GAMMA Investing LLC raised its position in AMETEK by 96.2% during the 3rd quarter. GAMMA Investing LLC now owns 4,828 shares of the technology company’s stock worth $829,000 after purchasing an additional 2,367 shares during the last quarter. Miracle Mile Advisors LLC raised its position in AMETEK by 0.9% during the 3rd quarter. Miracle Mile Advisors LLC now owns 7,178 shares of the technology company’s stock worth $1,233,000 after purchasing an additional 66 shares during the last quarter. Finally, Value Partners Investments Inc. raised its position in AMETEK by 10.6% during the 3rd quarter. Value Partners Investments Inc. now owns 4,974 shares of the technology company’s stock worth $854,000 after purchasing an additional 475 shares during the last quarter. 87.43% of the stock is owned by institutional investors.

Insider Buying and Selling at AMETEK

In other news, insider Tony J. Ciampitti sold 16,210 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total value of $3,193,532.10. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Emanuela Speranza sold 6,747 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $195.90, for a total value of $1,321,737.30. Following the completion of the transaction, the insider now owns 30,460 shares in the company, valued at $5,967,114. The trade was a 18.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,200 shares of company stock worth $5,707,620. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AME. BNP Paribas raised AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 price objective for the company in a research report on Thursday, January 16th. Truist Financial lifted their price objective on AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Mizuho lifted their price objective on AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Bank of America raised AMETEK from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $195.00 to $225.00 in a research report on Monday, December 16th. Finally, TD Cowen lowered AMETEK from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $203.44.

AMETEK Price Performance

AME stock opened at $184.44 on Tuesday. The company has a market capitalization of $42.66 billion, a P/E ratio of 32.13, a price-to-earnings-growth ratio of 2.67 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. AMETEK, Inc. has a 52-week low of $149.03 and a 52-week high of $198.33. The business has a 50-day simple moving average of $185.44 and a two-hundred day simple moving average of $176.41.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid 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 yield of 0.61%. AMETEK’s dividend payout ratio (DPR) is currently 19.51%.

AMETEK 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.