Ameritas Investment Partners Inc. Has $457,000 Stock Position in AMETEK, Inc. (NYSE:AME)

Ameritas Investment Partners Inc. decreased its holdings in shares of AMETEK, Inc. (NYSE:AME) by 2.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,496 shares of the technology company’s stock after selling 69 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in AMETEK were worth $457,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. acquired a new position in shares of AMETEK during the 4th quarter worth $25,000. Wetzel Investment Advisors Inc. acquired a new position in AMETEK in the 4th quarter valued at $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in AMETEK in the 4th quarter valued at $26,000. Rakuten Securities Inc. acquired a new position in AMETEK in the 4th quarter valued at $31,000. Finally, Washington Trust Advisors Inc. acquired a new position in AMETEK in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

Insider Buying and Selling at AMETEK

In other AMETEK news, Director Steven W. Kohlhagen sold 1,470 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $170.20, for a total value of $250,194.00. Following the completion of the sale, the director now owns 26,249 shares in the company, valued at approximately $4,467,579.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other AMETEK news, Director Steven W. Kohlhagen sold 1,470 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $170.20, for a total value of $250,194.00. Following the completion of the sale, the director now owns 26,249 shares in the company, valued at approximately $4,467,579.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven W. Kohlhagen sold 1,440 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $173.93, for a total transaction of $250,459.20. Following the completion of the sale, the director now owns 24,809 shares of the company’s stock, valued at approximately $4,315,029.37. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

AMETEK Price Performance

Shares of AMETEK stock traded down $4.25 during mid-day trading on Wednesday, reaching $167.62. 555,990 shares of the stock were exchanged, compared to its average volume of 1,052,886. The company has a market cap of $38.80 billion, a price-to-earnings ratio of 30.21, a price-to-earnings-growth ratio of 2.78 and a beta of 1.18. The company has a current ratio of 1.11, a quick ratio of 0.66 and a debt-to-equity ratio of 0.21. The firm has a 50-day simple moving average of $169.39 and a 200 day simple moving average of $172.41. AMETEK, Inc. has a fifty-two week low of $136.89 and a fifty-two week high of $186.32.

AMETEK (NYSE:AME) last announced its earnings results on Thursday, May 2nd. The technology company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.78 billion. AMETEK had a net margin of 19.57% and a return on equity of 17.74%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $1.49 EPS. On average, sell-side analysts predict that AMETEK, Inc. will post 6.81 EPS for the current fiscal year.

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Friday, June 14th. AMETEK’s payout ratio is presently 19.68%.

Analysts Set New Price Targets

A number of research firms recently issued reports on AME. Oppenheimer upgraded shares of AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 target price on the stock in a research note on Wednesday, May 22nd. Truist Financial reduced their price target on shares of AMETEK from $210.00 to $204.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Finally, Robert W. Baird reduced their price target on shares of AMETEK from $173.00 to $171.00 and set a “neutral” rating for the company in a report on Monday, May 6th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $181.20.

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.