Regency Capital Management Inc. DE Sells 585 Shares of AMETEK, Inc. (NYSE:AME)

Regency Capital Management Inc. DE cut its stake in AMETEK, Inc. (NYSE:AME) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,933 shares of the technology company’s stock after selling 585 shares during the quarter. AMETEK comprises about 2.9% of Regency Capital Management Inc. DE’s portfolio, making the stock its 13th biggest position. Regency Capital Management Inc. DE’s holdings in AMETEK were worth $5,396,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc raised its holdings in AMETEK by 3,116.7% in the fourth quarter. Versant Capital Management Inc now owns 193 shares of the technology company’s stock worth $35,000 after purchasing an additional 187 shares in the last quarter. Itau Unibanco Holding S.A. increased its position in AMETEK by 62.6% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company’s stock valued at $34,000 after buying an additional 77 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in shares of AMETEK by 1,176.5% during the fourth quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company’s stock valued at $39,000 after acquiring an additional 200 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of AMETEK by 42.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company’s stock worth $42,000 after buying an additional 70 shares during the last quarter. Finally, Princeton Global Asset Management LLC purchased a new position in AMETEK in the 3rd quarter worth $44,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on AME. Truist Financial upped their target price on AMETEK from $221.00 to $222.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Mizuho upped their price objective on shares of AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Robert W. Baird raised their target price on shares of AMETEK from $166.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. BNP Paribas raised shares of AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 price target on the stock in a report on Thursday, January 16th. Finally, KeyCorp lifted their price objective on AMETEK from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $203.44.

Insider Activity at AMETEK

In other news, insider Tony J. Ciampitti sold 16,210 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were 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. This trade represents a 24.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Emanuela Speranza sold 6,747 shares of the business’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 transaction, the insider now owns 30,460 shares of the company’s stock, valued at approximately $5,967,114. This trade represents a 18.13 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,200 shares of company stock worth $5,707,620. Insiders own 0.61% of the company’s stock.

AMETEK Price Performance

NYSE:AME opened at $187.91 on Friday. The stock has a market capitalization of $43.47 billion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 2.73 and a beta of 1.16. AMETEK, Inc. has a 52 week low of $149.03 and a 52 week high of $198.33. The stock’s 50-day moving average price is $186.47 and its 200-day moving average price is $175.84. 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 data on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the company earned $1.64 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts expect that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.28 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 0.60%. AMETEK’s payout ratio is 19.51%.

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.