AMETEK, Inc. (NYSE:AME) Shares Acquired by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. grew its holdings in AMETEK, Inc. (NYSE:AME) by 11.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 63,387 shares of the technology company’s stock after acquiring an additional 6,656 shares during the quarter. GHP Investment Advisors Inc.’s holdings in AMETEK were worth $11,426,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB boosted its holdings in AMETEK by 4.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,450 shares of the technology company’s stock worth $261,000 after acquiring an additional 63 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC raised its stake in shares of AMETEK by 3.8% in 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 last quarter. AlphaMark Advisors LLC raised its stake in shares of AMETEK by 2.1% in the fourth quarter. AlphaMark Advisors LLC now owns 3,348 shares of the technology company’s stock worth $604,000 after purchasing an additional 70 shares during the last quarter. Geneos Wealth Management Inc. raised its stake 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 purchasing an additional 70 shares during the last quarter. Finally, Wallace Advisory Group LLC raised its stake in shares of AMETEK by 5.8% in the fourth quarter. Wallace Advisory Group LLC now owns 1,371 shares of the technology company’s stock worth $235,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

Insiders Place Their Bets

In other news, insider David F. Hermance sold 6,243 shares of the company’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 of the company’s stock, valued at approximately $7,015,253.69. This represents a 14.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Emanuela Speranza sold 6,747 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $195.90, for a total value of $1,321,737.30. Following the transaction, the insider now directly owns 30,460 shares of the company’s stock, valued at approximately $5,967,114. This represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,200 shares of company stock worth $5,707,620 in the last quarter. 0.61% of the stock is owned by company insiders.

AMETEK Stock Performance

Shares of AMETEK stock opened at $180.05 on Thursday. AMETEK, Inc. has a 52 week low of $149.03 and a 52 week high of $198.33. The business’s fifty day simple moving average is $184.84 and its 200-day simple moving average is $176.58. The firm has a market cap of $41.65 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 2.67 and a beta of 1.16. 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 Tuesday, February 4th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.02. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.82 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.68 EPS. Equities analysts forecast that AMETEK, Inc. will post 6.8 earnings per share for the current year.

AMETEK Dividend Announcement

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

Analysts Set New Price Targets

AME has been the subject of several research analyst reports. Bank of America upgraded AMETEK from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $195.00 to $225.00 in a research note on Monday, December 16th. Mizuho lifted their price target on AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Robert W. Baird reduced their price target on AMETEK from $200.00 to $197.00 and set a “neutral” rating for the company in a research report on Wednesday. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Truist Financial lifted their price target on AMETEK from $221.00 to $222.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, AMETEK currently has an average rating of “Moderate Buy” and an average target price of $204.67.

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.