AMETEK, Inc. (NYSE:AME) Stock Holdings Lessened by Oak Ridge Investments LLC

Oak Ridge Investments LLC lowered its stake in AMETEK, Inc. (NYSE:AME) by 32.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,258 shares of the technology company’s stock after selling 3,547 shares during the period. Oak Ridge Investments LLC’s holdings in AMETEK were worth $1,246,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of AME. Washington Trust Advisors Inc. bought a new position in shares of AMETEK in the first quarter valued at $37,000. Family Firm Inc. acquired a new stake in AMETEK during the 2nd quarter valued at $39,000. Industrial Alliance Investment Management Inc. acquired a new stake in AMETEK during the 2nd quarter valued at $42,000. Headlands Technologies LLC acquired a new stake in AMETEK during the 1st quarter valued at $43,000. Finally, Crewe Advisors LLC raised its stake in AMETEK by 168.8% during the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock valued at $49,000 after purchasing an additional 184 shares during the period. Institutional investors own 87.43% of the company’s stock.

AMETEK Trading Up 8.6 %

Shares of NYSE:AME opened at $183.40 on Friday. The stock has a market capitalization of $42.45 billion, a PE ratio of 32.23, a P/E/G ratio of 2.77 and a beta of 1.17. AMETEK, Inc. has a 1 year low of $136.89 and a 1 year high of $186.32. The firm has a fifty day moving average price of $168.95 and a 200 day moving average price of $169.00. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 0.20.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.78 billion. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. AMETEK’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.57 earnings per share. Analysts expect that AMETEK, Inc. will post 6.76 EPS for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Monday, September 16th. AMETEK’s dividend payout ratio is presently 19.68%.

Insider Buying and Selling

In other AMETEK news, Director Steven W. Kohlhagen sold 1,460 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total transaction of $250,521.40. Following the completion of the sale, the director now directly owns 23,349 shares in the company, valued at $4,006,454.91. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on AME. Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd. Royal Bank of Canada cut their target price on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Truist Financial boosted their price target on shares of AMETEK from $201.00 to $219.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Mizuho boosted their price target on shares of AMETEK from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, TD Cowen cut shares of AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.29.

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.