Insider Selling: AMETEK, Inc. (NYSE:AME) Insider Sells 6,747 Shares of Stock

AMETEK, Inc. (NYSE:AME) insider Emanuela Speranza sold 6,747 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $195.90, for a total value of $1,321,737.30. Following the sale, the insider now directly owns 30,460 shares in the company, valued at $5,967,114. This trade represents a 18.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

AMETEK Stock Down 0.4 %

Shares of NYSE AME opened at $194.41 on Friday. The firm’s 50 day moving average price is $179.05 and its 200 day moving average price is $171.60. 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 firm has a market cap of $44.97 billion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 3.18 and a beta of 1.16. AMETEK, Inc. has a 1 year low of $149.03 and a 1 year high of $198.33.

AMETEK (NYSE:AME) last posted its quarterly earnings data 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 business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.64 earnings per share. As a group, sell-side analysts anticipate that AMETEK, Inc. will post 6.8 earnings per share for the current year.

AMETEK Announces Dividend

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

Institutional Investors Weigh In On AMETEK

A number of institutional investors have recently bought and sold shares of the stock. Czech National Bank grew its stake in shares of 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 buying an additional 3,499 shares during the period. CWM LLC grew its position in AMETEK by 53.9% during the second quarter. CWM LLC now owns 10,594 shares of the technology company’s stock valued at $1,766,000 after acquiring an additional 3,711 shares during the period. Swedbank AB acquired a new stake in AMETEK during the first quarter worth about $3,833,000. Cetera Investment Advisers raised its holdings in shares of AMETEK by 573.2% in the 1st quarter. Cetera Investment Advisers now owns 59,754 shares of the technology company’s stock worth $10,929,000 after purchasing an additional 50,878 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of AMETEK by 68.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 152,132 shares of the technology company’s stock valued at $25,362,000 after purchasing an additional 61,677 shares in the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. TD Cowen downgraded AMETEK from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Redburn Atlantic upgraded shares of AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. Wolfe Research upgraded shares of AMETEK to a “hold” rating in a report on Wednesday, September 18th. Royal Bank of Canada reduced their price target on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AMETEK has an average rating of “Moderate Buy” and a consensus price target of $199.29.

About AMETEK

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.