1,000 Shares in AMETEK, Inc. (NYSE:AME) Purchased by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of AMETEK, Inc. (NYSE:AME) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 1,000 shares of the technology company’s stock, valued at approximately $167,000.

Several other large investors have also recently added to or reduced their stakes in AME. Czech National Bank lifted its position in shares of AMETEK by 8.6% during the 2nd quarter. Czech National Bank now owns 44,108 shares of the technology company’s stock valued at $7,353,000 after acquiring an additional 3,499 shares during the period. Duality Advisers LP acquired a new stake in shares of AMETEK during the 1st quarter valued at approximately $1,676,000. CWM LLC lifted its position in shares of AMETEK by 53.9% during the 2nd quarter. CWM LLC now owns 10,594 shares of the technology company’s stock valued at $1,766,000 after acquiring an additional 3,711 shares during the period. State Board of Administration of Florida Retirement System lifted its position in shares of AMETEK by 3.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 258,677 shares of the technology company’s stock valued at $47,312,000 after acquiring an additional 8,189 shares during the period. Finally, Swedbank AB acquired a new stake in shares of AMETEK during the 1st quarter valued at approximately $3,833,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the business’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 of the company’s stock, valued at $4,006,454.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AME shares. Truist Financial lifted their price target on shares of AMETEK from $201.00 to $219.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Mizuho lifted their price objective on AMETEK from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. StockNews.com downgraded AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Wolfe Research upgraded AMETEK to a “hold” rating in a research report on Wednesday, September 18th. Finally, Redburn Atlantic upgraded AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $193.29.

AMETEK Stock Up 0.8 %

AME stock opened at $168.84 on Thursday. The stock has a market capitalization of $39.08 billion, a P/E ratio of 29.67, a PEG ratio of 2.77 and a beta of 1.17. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.26. AMETEK, Inc. has a one year low of $136.89 and a one year high of $186.32. The company has a 50 day moving average price of $168.59 and a two-hundred day moving average price of $168.90.

AMETEK (NYSE:AME) last released its earnings results on Thursday, August 1st. The technology company reported $1.66 EPS for the quarter, topping the consensus estimate 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 previous year, the company earned $1.57 EPS. As a group, sell-side analysts expect that AMETEK, Inc. will post 6.76 EPS for the current year.

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.12 annualized dividend and a dividend yield of 0.66%. AMETEK’s dividend payout ratio is presently 19.68%.

AMETEK Company 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.