AMETEK, Inc. (NYSE:AME) Insider Tony J. Ciampitti Sells 16,210 Shares

AMETEK, Inc. (NYSE:AME) insider Tony J. Ciampitti sold 16,210 shares of AMETEK stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total value of $3,193,532.10. Following the completion of the transaction, the insider now owns 49,490 shares of the company’s stock, valued at approximately $9,750,024.90. The trade was a 24.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

AMETEK Price Performance

AME traded down $0.64 during trading on Monday, reaching $196.74. The stock had a trading volume of 680,162 shares, compared to its average volume of 1,151,745. The stock has a 50 day moving average of $176.46 and a two-hundred day moving average of $170.72. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $45.51 billion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 3.22 and a beta of 1.16. AMETEK, Inc. has a 1-year low of $149.03 and a 1-year high of $198.05.

AMETEK (NYSE:AME) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.64 earnings per share. As a group, equities analysts anticipate that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.

AMETEK Announces Dividend

The firm also recently announced 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 payout ratio is currently 19.51%.

Institutional Trading of AMETEK

A number of hedge funds have recently modified their holdings of the business. State Street Corp lifted its holdings in shares of AMETEK by 0.3% in the third quarter. State Street Corp now owns 9,220,376 shares of the technology company’s stock valued at $1,583,231,000 after purchasing an additional 24,072 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of AMETEK by 0.8% in the third quarter. Geode Capital Management LLC now owns 5,401,656 shares of the technology company’s stock valued at $924,308,000 after purchasing an additional 45,459 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of AMETEK by 34.6% in the second quarter. Bank of New York Mellon Corp now owns 3,602,753 shares of the technology company’s stock valued at $600,615,000 after purchasing an additional 926,657 shares in the last quarter. Boston Partners raised its holdings in shares of AMETEK by 3.0% during the first quarter. Boston Partners now owns 3,063,588 shares of the technology company’s stock worth $560,278,000 after acquiring an additional 90,271 shares in the last quarter. Finally, EdgePoint Investment Group Inc. raised its holdings in shares of AMETEK by 87.9% during the third quarter. EdgePoint Investment Group Inc. now owns 1,964,236 shares of the technology company’s stock worth $337,279,000 after acquiring an additional 918,737 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Analyst Ratings Changes

AME has been the subject of a number of analyst reports. StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Wolfe Research upgraded AMETEK to a “hold” rating in a research report on Wednesday, September 18th. Robert W. Baird boosted their price objective on AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Royal Bank of Canada reduced their price objective on AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, Redburn Atlantic upgraded AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $199.29.

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.