WoodTrust Financial Corp Has $2.03 Million Stock Position in AMETEK, Inc. (NYSE:AME)

WoodTrust Financial Corp boosted its stake in shares of AMETEK, Inc. (NYSE:AME) by 9.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,849 shares of the technology company’s stock after buying an additional 1,000 shares during the period. WoodTrust Financial Corp’s holdings in AMETEK were worth $2,034,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in shares of AMETEK by 48.4% during the 1st 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 in the last quarter. Bank of New York Mellon Corp grew its stake in shares of AMETEK by 34.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,602,753 shares of the technology company’s stock worth $600,615,000 after acquiring an additional 926,657 shares in the last quarter. Meridiem Investment Management Ltd. bought a new position in shares of AMETEK during the 3rd quarter worth approximately $130,579,000. Principal Financial Group Inc. grew its stake in shares of AMETEK by 256.3% during the 2nd quarter. Principal Financial Group Inc. now owns 976,808 shares of the technology company’s stock worth $162,844,000 after acquiring an additional 702,674 shares in the last quarter. Finally, James Hambro & Partners LLP bought a new position in shares of AMETEK during the 3rd quarter worth approximately $60,188,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AME shares. Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd. Truist Financial raised their target price on shares of AMETEK from $219.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com raised shares of AMETEK from a “hold” rating to a “buy” rating in a research report on Monday. Mizuho lifted their price objective on shares of AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, TD Cowen cut shares of AMETEK from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AMETEK has a consensus rating of “Moderate Buy” and a consensus target price of $197.86.

AMETEK Stock Up 4.6 %

AME stock opened at $190.41 on Thursday. The company has a market cap of $44.04 billion, a PE ratio of 33.17, a price-to-earnings-growth ratio of 2.91 and a beta of 1.16. The business has a 50-day simple moving average of $170.12 and a 200 day simple moving average of $169.06. AMETEK, Inc. has a 52 week low of $141.65 and a 52 week high of $192.20. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18.

AMETEK (NYSE:AME) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. AMETEK’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 earnings per share. Sell-side analysts anticipate that AMETEK, Inc. will post 6.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other AMETEK news, Director Steven W. Kohlhagen sold 1,460 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the completion of the transaction, the director now owns 23,349 shares of the company’s stock, valued at approximately $4,006,454.91. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.61% of the company’s stock.

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.