819 Shares in AMETEK, Inc. (NYSE:AME) Bought by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC purchased a new stake in AMETEK, Inc. (NYSE:AME) in the first quarter, HoldingsChannel reports. The institutional investor purchased 819 shares of the technology company’s stock, valued at approximately $141,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Banque Transatlantique SA purchased a new stake in AMETEK in the fourth quarter valued at $37,000. OFI Invest Asset Management acquired a new position in shares of AMETEK during the fourth quarter worth about $43,000. Minot DeBlois Advisors LLC acquired a new position in shares of AMETEK during the fourth quarter worth about $43,000. Ancora Advisors LLC increased its stake in shares of AMETEK by 15,950.0% during the fourth quarter. Ancora Advisors LLC now owns 321 shares of the technology company’s stock worth $58,000 after acquiring an additional 319 shares during the period. Finally, Catalyst Capital Advisors LLC grew its position in AMETEK by 188.1% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the technology company’s stock worth $65,000 after buying an additional 237 shares during the period. 87.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AMETEK

In related news, Director Thomas A. Amato sold 710 shares of AMETEK stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $176.64, for a total value of $125,414.40. Following the sale, the director now directly owns 10,560 shares in the company, valued at $1,865,318.40. This trade represents a 6.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.57% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Truist Financial upped their target price on shares of AMETEK from $196.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Mizuho set a $212.00 price objective on shares of AMETEK in a research note on Friday, May 16th. Robert W. Baird cut their price target on shares of AMETEK from $197.00 to $190.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Morgan Stanley began coverage on shares of AMETEK in a research note on Monday, April 14th. They set an “equal weight” rating and a $170.00 price target on the stock. Finally, Royal Bank of Canada raised their target price on shares of AMETEK from $194.00 to $201.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $197.89.

AMETEK Price Performance

Shares of AME stock opened at $176.72 on Friday. The firm has a market cap of $40.80 billion, a P/E ratio of 29.80, a P/E/G ratio of 2.73 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.24 and a quick ratio of 0.75. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year high of $198.33. The firm has a fifty day moving average of $171.32 and a two-hundred day moving average of $178.19.

AMETEK (NYSE:AME) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.06. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the firm posted $1.64 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. As a group, research analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.24 annualized dividend and a yield of 0.70%. AMETEK’s dividend payout ratio is presently 20.29%.

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.