AlphaMark Advisors LLC Acquires 70 Shares of AMETEK, Inc. (NYSE:AME)

AlphaMark Advisors LLC boosted its holdings in AMETEK, Inc. (NYSE:AME) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,348 shares of the technology company’s stock after purchasing an additional 70 shares during the period. AlphaMark Advisors LLC’s holdings in AMETEK were worth $604,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AME. AE Wealth Management LLC bought a new stake in AMETEK during the second quarter worth about $201,000. Public Sector Pension Investment Board lifted its stake in AMETEK by 75.2% in the second quarter. Public Sector Pension Investment Board now owns 8,967 shares of the technology company’s stock valued at $1,495,000 after acquiring an additional 3,849 shares during the last quarter. Marshall Wace LLP grew its position in shares of AMETEK by 2,987.2% in the 2nd quarter. Marshall Wace LLP now owns 33,959 shares of the technology company’s stock valued at $5,661,000 after acquiring an additional 32,859 shares during the period. Squarepoint Ops LLC increased its stake in shares of AMETEK by 41.6% during the 2nd quarter. Squarepoint Ops LLC now owns 24,744 shares of the technology company’s stock worth $4,125,000 after purchasing an additional 7,270 shares during the last quarter. Finally, AXA S.A. raised its holdings in shares of AMETEK by 358.6% in the 2nd quarter. AXA S.A. now owns 13,184 shares of the technology company’s stock valued at $2,198,000 after purchasing an additional 10,309 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Stock Performance

Shares of AME stock opened at $187.91 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. AMETEK, Inc. has a one year low of $149.03 and a one year high of $198.33. The business’s 50 day simple moving average is $186.47 and its 200 day simple moving average is $175.84. The stock has a market capitalization of $43.47 billion, a PE ratio of 32.74, a PEG ratio of 2.73 and a beta of 1.16.

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

AMETEK Dividend Announcement

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

Insider Activity at AMETEK

In other AMETEK news, insider David F. Hermance sold 6,243 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 36,731 shares of the company’s stock, valued at approximately $7,015,253.69. This trade represents a 14.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tony J. Ciampitti sold 16,210 shares of the company’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 directly 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. Insiders sold 29,200 shares of company stock valued at $5,707,620 in the last three months. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

AME has been the subject of a number of research analyst reports. BNP Paribas upgraded AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 price target for the company in a report on Thursday, January 16th. Robert W. Baird upped their price objective on shares of AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Truist Financial increased their target price on AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. KeyCorp lifted their price objective on shares of AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, Bank of America upgraded AMETEK from a “neutral” rating to a “buy” rating and upped their target price for the company from $195.00 to $225.00 in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $203.44.

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.