Insider Selling: AMETEK, Inc. (NYSE:AME) Insider Sells 6,747 Shares of Stock

AMETEK, Inc. (NYSE:AME) insider Emanuela Speranza sold 6,747 shares of AMETEK stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $195.90, for a total transaction of $1,321,737.30. Following the completion of the transaction, the insider now directly owns 30,460 shares of the company’s stock, valued at $5,967,114. The trade was a 18.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

AMETEK Stock Down 0.6 %

AMETEK stock traded down $1.10 during mid-day trading on Wednesday, reaching $195.92. 236,154 shares of the company were exchanged, compared to its average volume of 1,151,943. AMETEK, Inc. has a 12-month low of $149.03 and a 12-month high of $198.33. The business has a fifty day moving average of $177.61 and a 200 day moving average of $171.09. The firm has a market cap of $45.32 billion, a P/E ratio of 34.29, a PEG ratio of 3.22 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 (NYSE:AME) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the business posted $1.64 EPS. The business’s revenue was up 5.3% compared to the same quarter last year. Research analysts anticipate that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The business 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 $0.28 dividend. The ex-dividend date of this dividend 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 presently 19.51%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AME shares. KeyCorp boosted their target price on AMETEK from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Redburn Atlantic upgraded shares of AMETEK to a “strong-buy” rating in a research note 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. Wolfe Research raised AMETEK to a “hold” rating in a research note on Wednesday, September 18th. Finally, Robert W. Baird lifted their target price on AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. One equities research 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $199.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. grew its stake in AMETEK by 62.6% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company’s stock worth $34,000 after buying an additional 77 shares during the last quarter. Family Firm Inc. purchased a new position in AMETEK during the 2nd quarter worth $39,000. Industrial Alliance Investment Management Inc. purchased a new stake in AMETEK during the 2nd quarter valued at about $42,000. Princeton Global Asset Management LLC purchased a new stake in AMETEK during the 3rd quarter valued at about $44,000. Finally, Anchor Investment Management LLC grew its stake in AMETEK by 366.1% during the 3rd quarter. Anchor Investment Management LLC now owns 261 shares of the technology company’s stock valued at $45,000 after purchasing an additional 205 shares during the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

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.