CCLA Investment Management Has $41.67 Million Holdings in AMETEK, Inc. (NYSE:AME)

CCLA Investment Management decreased its position in AMETEK, Inc. (NYSE:AME) by 52.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 231,128 shares of the technology company’s stock after selling 252,024 shares during the quarter. CCLA Investment Management owned 0.10% of AMETEK worth $41,672,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AME. Hutchens & Kramer Investment Management Group LLC raised its position in AMETEK by 3.8% in the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,764 shares of the technology company’s stock valued at $298,000 after buying an additional 65 shares during the last quarter. Miracle Mile Advisors LLC raised its holdings in shares of 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 purchasing an additional 66 shares during the last quarter. EP Wealth Advisors LLC lifted its position in shares of AMETEK by 1.1% in the second quarter. EP Wealth Advisors LLC now owns 6,330 shares of the technology company’s stock worth $1,055,000 after purchasing an additional 71 shares in the last quarter. Wallace Advisory Group LLC boosted its holdings in AMETEK by 5.8% during 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. Finally, Itau Unibanco Holding S.A. grew its position in AMETEK by 62.6% in the third quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company’s stock valued at $34,000 after purchasing an additional 77 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AME shares. Truist Financial boosted their price target on shares of AMETEK from $219.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wolfe Research upgraded AMETEK to a “hold” rating in a report on Wednesday, September 18th. StockNews.com upgraded AMETEK from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th. KeyCorp upped their price objective on AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, Mizuho raised their target price on shares of AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, AMETEK currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.50.

Insider Buying and Selling

In other news, insider Tony J. Ciampitti sold 16,210 shares of AMETEK stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Emanuela Speranza sold 6,747 shares of the business’s stock in a transaction dated 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 29,200 shares of company stock valued at $5,707,620. Insiders own 0.61% of the company’s stock.

AMETEK Stock Up 1.5 %

AME opened at $179.12 on Wednesday. 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’s fifty day simple moving average is $187.75 and its 200 day simple moving average is $174.94. AMETEK, Inc. has a 1-year low of $149.03 and a 1-year high of $198.33. The stock has a market cap of $41.43 billion, a PE ratio of 31.21, a price-to-earnings-growth ratio of 3.08 and a beta of 1.16.

AMETEK (NYSE:AME) last announced its earnings results on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.62 by $0.04. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. AMETEK’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.64 EPS. As a group, research analysts expect that AMETEK, Inc. will post 6.8 earnings per share for the current year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. AMETEK’s dividend payout ratio (DPR) is currently 19.51%.

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.