AMETEK, Inc. (NYSE:AME) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its stake in AMETEK, Inc. (NYSE:AME) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 179,415 shares of the technology company’s stock after selling 12,555 shares during the quarter. New York State Teachers Retirement System’s holdings in AMETEK were worth $30,807,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Washington Trust Advisors Inc. acquired a new stake in AMETEK in the 1st quarter valued at about $37,000. Family Firm Inc. acquired a new stake in AMETEK in the 2nd quarter valued at about $39,000. Industrial Alliance Investment Management Inc. acquired a new stake in AMETEK in the 2nd quarter valued at about $42,000. Headlands Technologies LLC acquired a new stake in AMETEK in the 1st quarter valued at about $43,000. Finally, Crewe Advisors LLC lifted its holdings in AMETEK by 168.8% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock valued at $49,000 after acquiring an additional 184 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

Insider Buying and Selling

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total value of $250,521.40. Following the transaction, the director now owns 23,349 shares in the company, valued at approximately $4,006,454.91. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AME has been the subject of a number of analyst reports. Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd. Truist Financial upped their price objective on shares of AMETEK from $201.00 to $219.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Royal Bank of Canada reduced their price objective on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Robert W. Baird reduced their price objective on shares of AMETEK from $171.00 to $166.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Wolfe Research raised shares of AMETEK to a “hold” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.29.

AMETEK Price Performance

Shares of AME opened at $183.40 on Friday. The company has a market capitalization of $42.45 billion, a price-to-earnings ratio of 32.23, a P/E/G ratio of 2.77 and a beta of 1.17. AMETEK, Inc. has a fifty-two week low of $136.89 and a fifty-two week high of $186.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.26 and a quick ratio of 0.76. The business’s 50-day moving average is $168.95 and its 200-day moving average is $169.00.

AMETEK (NYSE:AME) last issued its earnings results on Thursday, August 1st. The technology company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the company earned $1.57 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts expect that AMETEK, Inc. will post 6.76 EPS for the current fiscal year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.28 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.12 dividend on an annualized basis and a yield of 0.61%. AMETEK’s dividend payout ratio is currently 19.68%.

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.