AMETEK, Inc. (NYSE:AME) Shares Sold by Mizuho Securities USA LLC

Mizuho Securities USA LLC decreased its holdings in AMETEK, Inc. (NYSE:AME) by 15.9% in the third quarter, HoldingsChannel.com reports. The firm owned 15,014 shares of the technology company’s stock after selling 2,830 shares during the quarter. Mizuho Securities USA LLC’s holdings in AMETEK were worth $2,578,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Family Firm Inc. purchased a new stake in shares of AMETEK in the second quarter valued at approximately $39,000. Industrial Alliance Investment Management Inc. purchased a new position in shares of AMETEK during the 2nd quarter valued at approximately $42,000. Princeton Global Asset Management LLC acquired a new stake in AMETEK in the 3rd quarter valued at $44,000. Crewe Advisors LLC increased its holdings in AMETEK by 168.8% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock worth $49,000 after acquiring an additional 184 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in AMETEK during the second quarter worth $50,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

AMETEK Stock Performance

Shares of AMETEK stock opened at $197.37 on Friday. The business’s 50 day moving average price is $176.46 and its 200 day moving average price is $170.70. The company has a market cap of $45.65 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 3.16 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. AMETEK, Inc. has a one year low of $149.03 and a one year high of $197.83.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, beating 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 firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the company posted $1.64 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. On average, research analysts predict that AMETEK, Inc. will post 6.8 EPS for the current year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.57%. AMETEK’s dividend payout ratio is currently 19.51%.

Insider Activity

In other AMETEK news, Director Steven W. Kohlhagen sold 1,460 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the transaction, the director now owns 23,349 shares of the company’s stock, valued at $4,006,454.91. This represents a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider David F. Hermance sold 6,243 shares of AMETEK stock in a transaction dated 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 sale, the insider now owns 36,731 shares of the company’s stock, valued at approximately $7,015,253.69. This represents a 14.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AME shares. Wolfe Research upgraded shares of AMETEK to a “hold” rating in a research report on Wednesday, September 18th. Robert W. Baird boosted their price objective on AMETEK from $166.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. KeyCorp raised their target price on AMETEK from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday. TD Cowen cut AMETEK from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Finally, Truist Financial raised their price objective on AMETEK from $219.00 to $221.00 and gave the company a “buy” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $199.29.

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.