AMETEK, Inc. (NYSE:AME) Shares Sold by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV trimmed its position in shares of AMETEK, Inc. (NYSE:AME) by 15.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,504 shares of the technology company’s stock after selling 284 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in AMETEK were worth $251,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in AMETEK by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 25,578,270 shares of the technology company’s stock worth $4,217,601,000 after acquiring an additional 84,832 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of AMETEK by 48.4% during the first quarter. JPMorgan Chase & Co. now owns 7,075,565 shares of the technology company’s stock worth $1,294,121,000 after acquiring an additional 2,306,535 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in AMETEK by 0.7% in 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 purchasing an additional 44,899 shares during the last quarter. Capital International Investors boosted its stake in AMETEK by 5.0% during the 4th quarter. Capital International Investors now owns 4,196,755 shares of the technology company’s stock worth $692,051,000 after purchasing an additional 198,777 shares during the period. Finally, Norges Bank acquired a new position in AMETEK in the fourth quarter valued at $589,098,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

Wall Street Analysts Forecast Growth

AME has been the topic of a number of research analyst reports. Truist Financial decreased their price objective on shares of AMETEK from $204.00 to $201.00 and set a “buy” rating on the stock in a report on Friday. Robert W. Baird cut their target price on AMETEK from $173.00 to $171.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. TD Cowen cut their target price on AMETEK from $165.00 to $158.00 and set a “hold” rating on the stock in a research note on Monday. Oppenheimer raised 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. Finally, Royal Bank of Canada reduced their price objective on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $187.00.

Insider Buying and Selling

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

AMETEK Stock Up 1.3 %

Shares of AME traded up $1.96 on Monday, reaching $154.70. The company’s stock had a trading volume of 3,114,069 shares, compared to its average volume of 1,107,771. The company has a current ratio of 1.26, a quick ratio of 0.66 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $35.81 billion, a PE ratio of 27.18, a PEG ratio of 2.57 and a beta of 1.18. The firm has a fifty day moving average of $168.88 and a 200-day moving average of $172.65. AMETEK, Inc. has a twelve month low of $136.89 and a twelve month high of $186.32.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.64 by $0.02. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $1.57 EPS. Equities analysts predict that AMETEK, Inc. will post 6.78 EPS for the current year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.28 per share. The ex-dividend date was Friday, June 14th. This represents a $1.12 annualized dividend and a yield of 0.72%. AMETEK’s payout ratio is 19.68%.

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.