5,000 Shares in AMETEK, Inc. (NYSE:AME) Bought by Annex Advisory Services LLC

Annex Advisory Services LLC acquired a new position in AMETEK, Inc. (NYSE:AME) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,000 shares of the technology company’s stock, valued at approximately $834,000.

Other large investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. boosted its holdings in AMETEK by 20.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 3,890 shares of the technology company’s stock valued at $642,000 after acquiring an additional 649 shares during the period. Bleakley Financial Group LLC boosted its holdings in AMETEK by 6.2% during the fourth quarter. Bleakley Financial Group LLC now owns 13,257 shares of the technology company’s stock valued at $2,186,000 after acquiring an additional 777 shares during the period. International Assets Investment Management LLC bought a new stake in AMETEK during the fourth quarter valued at about $205,270,000. HBK Sorce Advisory LLC boosted its holdings in AMETEK by 1.8% during the fourth quarter. HBK Sorce Advisory LLC now owns 5,319 shares of the technology company’s stock valued at $877,000 after acquiring an additional 94 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in AMETEK by 9.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 177,509 shares of the technology company’s stock valued at $29,269,000 after acquiring an additional 14,949 shares during the period. 87.43% of the stock is currently owned by institutional investors.

AMETEK Price Performance

AMETEK stock traded up $0.67 during trading hours on Friday, hitting $159.52. 1,812,809 shares of the stock were exchanged, compared to its average volume of 1,128,608. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.66 and a current ratio of 1.26. The stock has a market capitalization of $36.92 billion, a P/E ratio of 28.04, a P/E/G ratio of 2.57 and a beta of 1.18. AMETEK, Inc. has a 12 month low of $136.89 and a 12 month high of $186.32. The business’s 50-day moving average is $167.70 and its two-hundred day moving average is $172.33.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.02. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.78 billion. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.57 earnings per share. Equities research analysts expect that AMETEK, Inc. will post 6.78 EPS for the current fiscal year.

AMETEK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.28 per share. The ex-dividend date is Monday, September 16th. This represents a $1.12 annualized dividend and a dividend yield of 0.70%. AMETEK’s dividend payout ratio (DPR) is currently 19.68%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AME. Royal Bank of Canada cut their price objective on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Truist Financial cut their price objective on shares of AMETEK from $204.00 to $201.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Robert W. Baird cut their price objective on shares of AMETEK from $171.00 to $166.00 and set a “neutral” rating for the company in a research report on Wednesday. Oppenheimer raised shares of AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 price objective for the company in a research report on Wednesday, May 22nd. Finally, Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.29.

Insider Activity

In other AMETEK news, Director Steven W. Kohlhagen sold 1,440 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $173.93, for a total value of $250,459.20. Following the transaction, the director now directly owns 24,809 shares of the company’s stock, valued at $4,315,029.37. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other AMETEK news, Director Steven W. Kohlhagen sold 1,470 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $170.20, for a total value of $250,194.00. Following the sale, the director now directly owns 26,249 shares in the company, valued at $4,467,579.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Steven W. Kohlhagen sold 1,440 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $173.93, for a total transaction of $250,459.20. Following the completion of the sale, the director now owns 24,809 shares in the company, valued at $4,315,029.37. The disclosure for this sale can be found here. 0.61% of the stock is owned by 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.