Annex Advisory Services LLC Sells 59 Shares of AMETEK, Inc. (NYSE:AME)

Annex Advisory Services LLC lessened its stake in shares of AMETEK, Inc. (NYSE:AME) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,941 shares of the technology company’s stock after selling 59 shares during the period. Annex Advisory Services LLC’s holdings in AMETEK were worth $891,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of AME. EdgePoint Investment Group Inc. raised its holdings in 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. Meridiem Investment Management Ltd. acquired a new position in AMETEK during the third quarter worth approximately $130,579,000. Principal Financial Group Inc. increased its position in AMETEK by 72.0% during the third quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company’s stock worth $288,526,000 after buying an additional 703,501 shares during the last quarter. D1 Capital Partners L.P. acquired a new position in AMETEK during the third quarter worth approximately $79,782,000. Finally, Assenagon Asset Management S.A. increased its position in AMETEK by 434.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 541,517 shares of the technology company’s stock worth $97,614,000 after buying an additional 440,197 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.

Insider Activity at AMETEK

In other AMETEK news, insider Emanuela Speranza sold 6,747 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was 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 in the company, valued at $5,967,114. This represents a 18.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David F. Hermance sold 6,243 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $190.99, for a total value of $1,192,350.57. Following the sale, the insider now owns 36,731 shares of the company’s stock, valued at $7,015,253.69. The trade was a 14.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,200 shares of company stock worth $5,707,620. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on AME. Robert W. Baird boosted their price target on AMETEK from $166.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. StockNews.com downgraded AMETEK from a “buy” rating to a “hold” rating in a research report on Friday. Mizuho boosted their price target on AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Truist Financial boosted their price target on AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, KeyCorp boosted their price target on AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $203.44.

AMETEK Trading Down 0.1 %

Shares of AME stock opened at $180.74 on Tuesday. 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 market cap of $41.81 billion, a P/E ratio of 31.49, a price-to-earnings-growth ratio of 2.51 and a beta of 1.16. The stock has a 50 day simple moving average of $187.17 and a 200 day simple moving average of $175.25. AMETEK, Inc. has a 1 year low of $149.03 and a 1 year high of $198.33.

AMETEK (NYSE:AME) last issued 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 business 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%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.64 earnings per share. On average, research analysts predict that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, December 6th. AMETEK’s dividend payout ratio (DPR) is currently 19.51%.

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.