AMETEK, Inc. (NYSE:AME) Shares Sold by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC lessened its stake in shares of AMETEK, Inc. (NYSE:AME) by 10.5% during the third quarter, Holdings Channel.com reports. The fund owned 2,183 shares of the technology company’s stock after selling 257 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in AMETEK were worth $375,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AME. EverSource Wealth Advisors LLC raised its stake in shares of AMETEK by 7.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 899 shares of the technology company’s stock worth $157,000 after buying an additional 61 shares in the last quarter. MorganRosel Wealth Management LLC boosted its position in shares of AMETEK by 1.6% during the 2nd quarter. MorganRosel Wealth Management LLC now owns 3,886 shares of the technology company’s stock valued at $648,000 after purchasing an additional 61 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in shares of AMETEK by 4.8% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,340 shares of the technology company’s stock worth $224,000 after purchasing an additional 61 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of AMETEK by 2.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,639 shares of the technology company’s stock worth $440,000 after purchasing an additional 62 shares in the last quarter. Finally, Checchi Capital Advisers LLC lifted its stake in AMETEK by 2.9% during the second quarter. Checchi Capital Advisers LLC now owns 2,225 shares of the technology company’s stock valued at $371,000 after purchasing an additional 63 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.

Analyst Ratings Changes

AME has been the subject of several research reports. Mizuho raised their price objective on AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Robert W. Baird lifted their target price on shares of AMETEK from $166.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Redburn Atlantic upgraded shares of AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. Finally, TD Cowen lowered AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $197.86.

AMETEK Trading Up 1.0 %

NYSE:AME opened at $195.20 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. The company has a market capitalization of $45.15 billion, a P/E ratio of 34.01, a P/E/G ratio of 3.16 and a beta of 1.16. AMETEK, Inc. has a 52 week low of $149.03 and a 52 week high of $196.70. The stock’s 50 day moving average price is $175.87 and its 200 day moving average price is $170.49.

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

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Friday, December 6th. AMETEK’s dividend payout ratio (DPR) is currently 19.51%.

Insider Activity at AMETEK

In other AMETEK news, Director Steven W. Kohlhagen sold 1,460 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the completion of the transaction, the director now directly owns 23,349 shares of the company’s stock, valued at approximately $4,006,454.91. The trade was a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David F. Hermance sold 6,243 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the sale, the insider now directly owns 36,731 shares in the company, valued at $7,015,253.69. This trade represents a 14.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

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.