Atria Investments Inc Sells 2,039 Shares of AMETEK, Inc. (NYSE:AME)

Atria Investments Inc reduced its stake in shares of AMETEK, Inc. (NYSE:AME) by 20.4% in the third quarter, HoldingsChannel.com reports. The firm owned 7,938 shares of the technology company’s stock after selling 2,039 shares during the period. Atria Investments Inc’s holdings in AMETEK were worth $1,363,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Czech National Bank lifted its stake in AMETEK by 8.6% during the 2nd quarter. Czech National Bank now owns 44,108 shares of the technology company’s stock valued at $7,353,000 after acquiring an additional 3,499 shares in the last quarter. CWM LLC grew its position in AMETEK by 53.9% in the 2nd quarter. CWM LLC now owns 10,594 shares of the technology company’s stock worth $1,766,000 after purchasing an additional 3,711 shares in the last quarter. Swedbank AB purchased a new stake in AMETEK in the 1st quarter valued at about $3,833,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of AMETEK by 129.8% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,470 shares of the technology company’s stock worth $1,732,000 after buying an additional 5,349 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of AMETEK by 9.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 132,853 shares of the technology company’s stock worth $24,301,000 after buying an additional 11,327 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

AMETEK Price Performance

AME stock opened at $193.10 on Friday. The firm has a 50 day simple moving average of $173.59 and a two-hundred day simple moving average of $169.82. The stock has a market cap of $44.67 billion, a PE ratio of 33.64, a P/E/G ratio of 3.19 and a beta of 1.16. AMETEK, Inc. has a one year low of $149.03 and a one year high of $196.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84.

AMETEK (NYSE:AME) last announced its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.64 earnings per share. On average, analysts predict that AMETEK, Inc. will post 6.81 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, December 6th. This represents a $1.12 annualized dividend and a dividend yield of 0.58%. AMETEK’s dividend payout ratio (DPR) is presently 19.51%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Redburn Atlantic upgraded AMETEK to a “strong-buy” rating in a report on Friday, August 2nd. Truist Financial lifted their price objective 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. Mizuho upped their price objective on shares of AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Wolfe Research raised AMETEK to a “hold” rating in a report on Wednesday, September 18th. Finally, Robert W. Baird boosted their price objective on shares of AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. One equities 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $197.86.

Insider Activity at AMETEK

In other AMETEK news, insider David F. Hermance sold 6,243 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 36,731 shares in the company, valued at $7,015,253.69. This represents a 14.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Steven W. Kohlhagen sold 1,460 shares of AMETEK stock in a transaction dated Wednesday, September 25th. The stock was 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 owns 23,349 shares in the company, valued at approximately $4,006,454.91. This represents a 5.88 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

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.