Ifrah Financial Services Inc. Has $670,000 Holdings in AMETEK, Inc. (NYSE:AME)

Ifrah Financial Services Inc. lowered its holdings in AMETEK, Inc. (NYSE:AME) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,061 shares of the technology company’s stock after selling 254 shares during the period. Ifrah Financial Services Inc.’s holdings in AMETEK were worth $670,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AME. McGlone Suttner Wealth Management Inc. bought a new position in AMETEK in the fourth quarter valued at about $25,000. Wetzel Investment Advisors Inc. acquired a new position in shares of AMETEK during the fourth quarter worth $25,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of AMETEK in the 4th quarter valued at $26,000. Bruce G. Allen Investments LLC bought a new position in AMETEK in the fourth quarter valued at about $28,000. Finally, Rakuten Securities Inc. bought a new position in AMETEK in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AME shares. Truist Financial began coverage on shares of AMETEK in a research report on Thursday, March 14th. They issued a “buy” rating and a $210.00 price target for the company. Royal Bank of Canada dropped their price target on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. KeyCorp raised their target price on AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Finally, StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $180.78.

Insider Buying and Selling

In other news, CFO William Joseph Burke sold 5,973 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $168.90, for a total transaction of $1,008,839.70. Following the completion of the transaction, the chief financial officer now directly owns 101,709 shares of the company’s stock, valued at approximately $17,178,650.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other AMETEK news, VP Thomas M. Montgomery sold 6,891 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $185.38, for a total transaction of $1,277,453.58. Following the completion of the transaction, the vice president now owns 21,543 shares in the company, valued at $3,993,641.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William Joseph Burke sold 5,973 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $168.90, for a total transaction of $1,008,839.70. Following the sale, the chief financial officer now owns 101,709 shares in the company, valued at $17,178,650.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,881 shares of company stock valued at $10,689,758. 0.61% of the stock is owned by insiders.

AMETEK Stock Up 2.0 %

Shares of AME traded up $3.22 during trading hours on Friday, reaching $166.56. 2,065,100 shares of the stock traded hands, compared to its average volume of 956,196. AMETEK, Inc. has a 52 week low of $136.89 and a 52 week high of $186.32. The company has a market cap of $38.51 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 2.66 and a beta of 1.21. The stock has a fifty day simple moving average of $179.64 and a 200 day simple moving average of $166.05. The company has a current ratio of 1.11, a quick ratio of 0.59 and a debt-to-equity ratio of 0.21.

AMETEK (NYSE:AME) last posted its earnings results on Thursday, May 2nd. The technology company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.59 by $0.05. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.78 billion. AMETEK had a net margin of 19.57% and a return on equity of 17.74%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.49 EPS. On average, equities analysts forecast that AMETEK, Inc. will post 6.81 EPS for the current year.

AMETEK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.67%. This is a boost from AMETEK’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, March 7th. AMETEK’s payout ratio is presently 19.68%.

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.