AMETEK, Inc. (NYSE:AME) Shares Sold by Champlain Investment Partners LLC

Champlain Investment Partners LLC reduced its holdings in shares of AMETEK, Inc. (NYSE:AME) by 2.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,048,760 shares of the technology company’s stock after selling 52,925 shares during the period. AMETEK comprises 2.1% of Champlain Investment Partners LLC’s investment portfolio, making the stock its 5th largest holding. Champlain Investment Partners LLC’s holdings in AMETEK were worth $351,793,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AME. Price T Rowe Associates Inc. MD raised its holdings in shares of AMETEK by 0.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,536,231 shares of the technology company’s stock valued at $1,195,478,000 after buying an additional 44,899 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of AMETEK by 34.6% in the second quarter. Bank of New York Mellon Corp now owns 3,602,753 shares of the technology company’s stock valued at $600,615,000 after purchasing an additional 926,657 shares during the period. Boston Partners increased its stake in AMETEK by 3.0% during the 1st quarter. Boston Partners now owns 3,063,588 shares of the technology company’s stock worth $560,278,000 after buying an additional 90,271 shares during the period. Dimensional Fund Advisors LP boosted its position in AMETEK by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,882,166 shares of the technology company’s stock valued at $313,777,000 after buying an additional 148,447 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of AMETEK by 72.0% during the third quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company’s stock valued at $288,526,000 after acquiring an additional 703,501 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AME. Redburn Atlantic raised AMETEK to a “strong-buy” rating in a report on Friday, August 2nd. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Truist Financial upped their target price on shares of AMETEK from $219.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Mizuho boosted their price objective on AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, TD Cowen downgraded AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $199.29.

AMETEK Price Performance

Shares of NYSE:AME opened at $197.37 on Friday. The firm’s 50 day moving average is $176.46 and its two-hundred day moving average is $170.70. The firm has a market capitalization of $45.65 billion, a P/E ratio of 34.38, a PEG ratio of 3.16 and a beta of 1.16. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. AMETEK, Inc. has a 52 week low of $149.03 and a 52 week high of $197.83.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the company posted $1.64 earnings per share. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. Analysts anticipate that AMETEK, Inc. will post 6.8 earnings per share for the current year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.28 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a yield of 0.57%. AMETEK’s dividend payout ratio (DPR) is 19.51%.

Insider Buying and Selling at AMETEK

In related news, insider David F. Hermance sold 6,243 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the completion of the sale, the insider now directly owns 36,731 shares of the company’s stock, valued at $7,015,253.69. This represents a 14.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven W. Kohlhagen sold 1,460 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the sale, the director now owns 23,349 shares of the company’s stock, valued at $4,006,454.91. The trade was a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

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.