StoneX Group Inc. Has $5.69 Million Stock Holdings in AMETEK, Inc. (NYSE:AME)

StoneX Group Inc. lowered its position in shares of AMETEK, Inc. (NYSE:AME) by 2.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,113 shares of the technology company’s stock after selling 874 shares during the quarter. StoneX Group Inc.’s holdings in AMETEK were worth $5,686,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cerity Partners LLC boosted its stake in shares of AMETEK by 60.0% in the third quarter. Cerity Partners LLC now owns 108,341 shares of the technology company’s stock valued at $18,603,000 after buying an additional 40,616 shares during the period. Raymond James Trust N.A. increased its stake in AMETEK by 4.9% during the 3rd quarter. Raymond James Trust N.A. now owns 9,935 shares of the technology company’s stock worth $1,706,000 after acquiring an additional 467 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of AMETEK by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,291,649 shares of the technology company’s stock valued at $221,789,000 after acquiring an additional 19,435 shares during the period. Pacer Advisors Inc. lifted its position in shares of AMETEK by 21.3% during the 3rd quarter. Pacer Advisors Inc. now owns 47,469 shares of the technology company’s stock valued at $8,151,000 after acquiring an additional 8,347 shares during the period. Finally, Primecap Management Co. CA grew its holdings in shares of AMETEK by 1.0% during the 3rd quarter. Primecap Management Co. CA now owns 355,900 shares of the technology company’s stock worth $61,112,000 after purchasing an additional 3,500 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.

AMETEK Stock Up 0.8 %

Shares of AME opened at $197.38 on Friday. 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 $197.83. The stock has a market capitalization of $45.66 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 3.19 and a beta of 1.16. The stock has a fifty day moving average of $176.46 and a 200-day moving average of $170.71.

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

AMETEK Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.57%. The ex-dividend date is Friday, December 6th. AMETEK’s dividend payout ratio is currently 19.51%.

Insider Buying and Selling at AMETEK

In other AMETEK news, insider David F. Hermance sold 6,243 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the completion of the sale, the insider now owns 36,731 shares of the company’s stock, valued at approximately $7,015,253.69. This represents a 14.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven W. Kohlhagen sold 1,460 shares of the company’s stock in a transaction on 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 approximately $4,006,454.91. This represents a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AME shares. Royal Bank of Canada cut their price objective on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Robert W. Baird upped their price target on shares of AMETEK from $166.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Truist Financial lifted their price objective on shares of AMETEK from $219.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, November 1st. KeyCorp boosted their price objective on shares of AMETEK from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Wolfe Research raised AMETEK to a “hold” rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $199.29.

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.