&Partners Invests $234,000 in AMETEK, Inc. (NYSE:AME)

&Partners purchased a new position in AMETEK, Inc. (NYSE:AME) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,279 shares of the technology company’s stock, valued at approximately $234,000.

A number of other institutional investors have also recently made changes to their positions in AME. McGlone Suttner Wealth Management Inc. bought a new position in shares of AMETEK in the 4th quarter worth $25,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of AMETEK in the 4th quarter valued at $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of AMETEK in the 4th quarter valued at $26,000. Bruce G. Allen Investments LLC purchased a new stake in shares of AMETEK in the 4th quarter valued at $28,000. Finally, Rakuten Securities Inc. purchased a new stake in shares of AMETEK in the 4th quarter valued at $31,000. Institutional investors own 87.43% of the company’s stock.

AMETEK Trading Up 0.1 %

NYSE:AME opened at $168.67 on Monday. The company has a 50-day moving average price of $171.64 and a 200-day moving average price of $171.41. AMETEK, Inc. has a 12 month low of $136.89 and a 12 month high of $186.32. The company has a current ratio of 1.11, a quick ratio of 0.66 and a debt-to-equity ratio of 0.21. The stock has a market cap of $39.04 billion, a price-to-earnings ratio of 29.64, a P/E/G ratio of 2.70 and a beta of 1.20.

AMETEK (NYSE:AME) last posted its earnings results on Thursday, May 2nd. The technology company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.59 by $0.05. AMETEK had a net margin of 19.57% and a return on equity of 17.74%. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the company posted $1.49 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities analysts predict that AMETEK, Inc. will post 6.83 EPS for the current year.

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.12 annualized dividend and a dividend yield of 0.66%. AMETEK’s dividend payout ratio is 19.68%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AME. StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. KeyCorp upped their price objective on shares of AMETEK from $182.00 to $205.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Robert W. Baird dropped their price target on shares of AMETEK from $173.00 to $171.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. Oppenheimer raised shares of AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 price target for the company in a research report on Wednesday, May 22nd. Finally, Truist Financial started coverage on shares of AMETEK in a research report on Thursday, March 14th. They set a “buy” rating and a $210.00 price target for the company. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, AMETEK has an average rating of “Moderate Buy” and an average price target of $181.80.

Insider Transactions at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,440 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $173.93, for a total value of $250,459.20. Following the completion of the transaction, the director now directly owns 24,809 shares in the company, valued at approximately $4,315,029.37. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Steven W. Kohlhagen sold 1,440 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $173.93, for a total value of $250,459.20. Following the completion of the transaction, the director now directly owns 24,809 shares in the company, valued at approximately $4,315,029.37. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas A. Amato sold 780 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $182.00, for a total transaction of $141,960.00. Following the completion of the transaction, the director now owns 10,240 shares of the company’s stock, valued at $1,863,680. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,690 shares of company stock valued at $642,613. Company insiders own 0.61% of the company’s stock.

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.