AMETEK, Inc. (NYSE:AME) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lowered its stake in shares of AMETEK, Inc. (NYSE:AME) by 2.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 43,904 shares of the technology company’s stock after selling 992 shares during the period. Stifel Financial Corp’s holdings in AMETEK were worth $7,540,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp raised its position in AMETEK by 34.6% during 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 acquiring an additional 926,657 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of AMETEK by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,882,166 shares of the technology company’s stock worth $313,777,000 after purchasing an additional 148,447 shares during the period. Principal Financial Group Inc. increased its holdings in shares of AMETEK by 72.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company’s stock valued at $288,526,000 after purchasing an additional 703,501 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of AMETEK by 12.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,660,133 shares of the technology company’s stock valued at $276,761,000 after purchasing an additional 186,263 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in AMETEK by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,291,649 shares of the technology company’s stock worth $221,789,000 after buying an additional 19,435 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Stock Performance

NYSE AME opened at $188.41 on Friday. AMETEK, Inc. has a twelve month low of $149.03 and a twelve month high of $198.33. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $182.48 and a 200-day simple moving average of $172.84. The stock has a market cap of $43.58 billion, a PE ratio of 32.89, a P/E/G ratio of 3.13 and a beta of 1.15.

AMETEK (NYSE:AME) last announced its 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 company had revenue of $1.71 billion during 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%. AMETEK’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the business posted $1.64 EPS. Equities analysts anticipate that AMETEK, Inc. will post 6.8 earnings per share for the current year.

AMETEK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.28 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.12 annualized dividend and a dividend yield of 0.59%. AMETEK’s dividend payout ratio (DPR) is 19.51%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. StockNews.com upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Truist Financial upped their price target on AMETEK from $219.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen lowered AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Wolfe Research raised AMETEK to a “hold” rating in a research note on Wednesday, September 18th. Finally, Robert W. Baird lifted their price objective on AMETEK from $166.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $199.29.

Insider Transactions at AMETEK

In other news, insider Emanuela Speranza sold 6,747 shares of AMETEK stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total transaction of $1,321,737.30. Following the completion of the sale, the insider now directly owns 30,460 shares of the company’s stock, valued at approximately $5,967,114. The trade was a 18.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony J. Ciampitti sold 16,210 shares of AMETEK stock in a transaction dated 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 sale, the insider now directly owns 49,490 shares of the company’s stock, valued at $9,750,024.90. This trade represents a 24.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,660 shares of company stock valued at $5,958,141. 0.61% of the stock is currently owned by company insiders.

AMETEK 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.