AMETEK, Inc. (NYSE:AME) Shares Purchased by Hutchens & Kramer Investment Management Group LLC

Hutchens & Kramer Investment Management Group LLC boosted its holdings in AMETEK, Inc. (NYSE:AME) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,764 shares of the technology company’s stock after buying an additional 65 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in AMETEK were worth $298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Washington Trust Advisors Inc. purchased a new stake in AMETEK in the first quarter valued at approximately $37,000. Family Firm Inc. acquired a new stake in shares of AMETEK during the 2nd quarter worth $39,000. Headlands Technologies LLC purchased a new position in shares of AMETEK in the 1st quarter worth $43,000. Industrial Alliance Investment Management Inc. acquired a new position in AMETEK in the second quarter valued at $42,000. Finally, Crewe Advisors LLC grew its position in AMETEK by 168.8% during the second quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock valued at $49,000 after acquiring an additional 184 shares during the period. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Analyst Ratings Changes

AME has been the topic of several research analyst reports. Redburn Atlantic raised AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd. Truist Financial boosted their price objective on shares of AMETEK from $201.00 to $219.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Robert W. Baird reduced their target price on shares of AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Wolfe Research upgraded AMETEK to a “hold” rating in a report on Wednesday, September 18th. Finally, StockNews.com downgraded AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $193.83.

AMETEK Stock Down 1.3 %

Shares of NYSE AME traded down $2.20 during midday trading on Tuesday, reaching $169.37. 1,160,584 shares of the company’s stock were exchanged, compared to its average volume of 1,140,968. 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 52-week low of $136.89 and a 52-week high of $186.32. The business’s fifty day moving average price is $166.92 and its two-hundred day moving average price is $169.86. The stock has a market capitalization of $39.20 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 2.77 and a beta of 1.17.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.02. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.78 billion. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. AMETEK’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.57 EPS. Analysts forecast that AMETEK, Inc. will post 6.76 EPS for the current year.

AMETEK Dividend Announcement

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

Insider Transactions at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total transaction of $250,521.40. Following the transaction, the director now owns 23,349 shares of the company’s stock, valued at approximately $4,006,454.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

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.