Leisure Capital Management Takes Position in AMETEK, Inc. (NYSE:AME)

Leisure Capital Management bought a new position in shares of AMETEK, Inc. (NYSE:AME) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,124 shares of the technology company’s stock, valued at approximately $203,000.

A number of other hedge funds have also bought and sold shares of AME. MassMutual Private Wealth & Trust FSB increased its position in shares of AMETEK by 4.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,450 shares of the technology company’s stock valued at $261,000 after acquiring an additional 63 shares during the period. Hutchens & Kramer Investment Management Group LLC lifted its holdings in shares of AMETEK by 3.8% during the third quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,764 shares of the technology company’s stock worth $298,000 after purchasing an additional 65 shares during the period. Miracle Mile Advisors LLC boosted its position in AMETEK by 0.9% in the third quarter. Miracle Mile Advisors LLC now owns 7,178 shares of the technology company’s stock valued at $1,233,000 after buying an additional 66 shares during the last quarter. AlphaMark Advisors LLC raised its position in AMETEK by 2.1% during the 4th quarter. AlphaMark Advisors LLC now owns 3,348 shares of the technology company’s stock worth $604,000 after buying an additional 70 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in AMETEK by 42.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company’s stock valued at $42,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AME. Bank of America upgraded shares of AMETEK from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $195.00 to $225.00 in a research note on Monday, December 16th. Robert W. Baird lifted their price objective on AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. StockNews.com upgraded AMETEK from a “hold” rating to a “buy” rating in a research note on Tuesday, January 28th. TD Cowen cut AMETEK from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Finally, Truist Financial raised their price objective on shares of AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, AMETEK has a consensus rating of “Moderate Buy” and a consensus target price of $203.44.

AMETEK Trading Down 0.7 %

Shares of NYSE:AME opened at $184.66 on Monday. The firm has a market capitalization of $42.71 billion, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 2.67 and a beta of 1.16. The business’s 50 day moving average price is $185.44 and its 200-day moving average price is $176.41. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. AMETEK, Inc. has a 1 year low of $149.03 and a 1 year high of $198.33.

AMETEK (NYSE:AME) last posted its quarterly earnings data 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. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm posted $1.64 earnings per share. The company’s revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts forecast that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Friday, December 6th. AMETEK’s payout ratio is 19.51%.

Insiders Place Their Bets

In other news, insider Tony J. Ciampitti sold 16,210 shares of the stock in a transaction dated 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 sale, the insider now directly owns 49,490 shares in the company, valued at $9,750,024.90. This represents a 24.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David F. Hermance sold 6,243 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the completion of the transaction, the insider now directly owns 36,731 shares in the company, valued at approximately $7,015,253.69. This represents a 14.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,200 shares of company stock worth $5,707,620. Corporate 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.