Strategic Wealth Partners Ltd. Has $553,000 Stock Position in AMETEK, Inc. (NYSE:AME)

Strategic Wealth Partners Ltd. reduced its stake in shares of AMETEK, Inc. (NYSE:AME) by 3.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,024 shares of the technology company’s stock after selling 94 shares during the period. Strategic Wealth Partners Ltd.’s holdings in AMETEK were worth $553,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. grew its holdings in shares of AMETEK by 6.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,040 shares of the technology company’s stock valued at $191,000 after purchasing an additional 64 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of AMETEK by 1.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,477 shares of the technology company’s stock valued at $636,000 after purchasing an additional 64 shares during the last quarter. M&T Bank Corp boosted its stake in shares of AMETEK by 0.5% in the 4th quarter. M&T Bank Corp now owns 15,442 shares of the technology company’s stock valued at $2,547,000 after purchasing an additional 73 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of AMETEK by 4.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 1,723 shares of the technology company’s stock valued at $315,000 after purchasing an additional 73 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its position in shares of AMETEK by 9.3% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 872 shares of the technology company’s stock valued at $159,000 after acquiring an additional 74 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Stock Down 4.0 %

Shares of NYSE AME traded down $6.39 during trading on Friday, hitting $152.74. The stock had a trading volume of 4,064,328 shares, compared to its average volume of 1,094,215. AMETEK, Inc. has a 12 month low of $136.89 and a 12 month high of $186.32. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 0.66. The company has a market capitalization of $35.35 billion, a PE ratio of 26.48, a PEG ratio of 2.79 and a beta of 1.18. The firm has a fifty day moving average of $169.30 and a two-hundred day moving average of $172.58.

AMETEK (NYSE:AME) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.02. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates 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 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.57 earnings per share. As a group, equities research analysts forecast that AMETEK, Inc. will post 6.81 EPS for the current fiscal year.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.12 annualized dividend and a yield of 0.73%. AMETEK’s payout ratio is currently 19.68%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AME shares. Royal Bank of Canada dropped their target price on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday. Robert W. Baird lowered their price objective on shares of AMETEK from $173.00 to $171.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. Truist Financial lowered 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. Oppenheimer upgraded shares of AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 price objective on the stock in a report on Wednesday, May 22nd. Finally, StockNews.com upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AMETEK has a consensus rating of “Moderate Buy” and an average target price of $183.60.

Insider Activity at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,440 shares of the 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 transaction, the director now owns 24,809 shares in the company, valued at $4,315,029.37. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other AMETEK news, Director Steven W. Kohlhagen sold 1,470 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $170.20, for a total transaction of $250,194.00. Following the completion of the transaction, the director now owns 26,249 shares in the company, valued at $4,467,579.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven W. Kohlhagen sold 1,440 shares of the 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 transaction, 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. 0.61% of the stock is owned by company 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.