Santori & Peters Inc. Cuts Holdings in AMETEK, Inc. (NYSE:AME)

Santori & Peters Inc. cut its holdings in shares of AMETEK, Inc. (NYSE:AME) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 245,750 shares of the technology company’s stock after selling 846 shares during the period. AMETEK accounts for 16.7% of Santori & Peters Inc.’s portfolio, making the stock its 2nd biggest position. Santori & Peters Inc.’s holdings in AMETEK were worth $42,198,000 as of its most recent SEC filing.

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

Insider Buying and Selling at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 23,349 shares in the company, valued at $4,006,454.91. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

AME has been the subject of several research reports. Wolfe Research raised AMETEK to a “hold” rating in a research report on Wednesday, September 18th. Mizuho increased their price objective on AMETEK from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Robert W. Baird dropped their target price on shares of AMETEK from $171.00 to $166.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada reduced their target price on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $193.29.

AMETEK Stock Up 0.8 %

Shares of NYSE:AME traded up $1.38 on Friday, hitting $167.96. 41,266 shares of the company traded hands, compared to its average volume of 1,130,179. The company has a market cap of $38.88 billion, a PE ratio of 29.38, a PEG ratio of 2.77 and a beta of 1.17. The stock has a 50 day simple moving average of $168.26 and a 200-day simple moving average of $169.35. AMETEK, Inc. has a 52 week low of $136.89 and a 52 week high of $186.32. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 0.20.

AMETEK (NYSE:AME) last released its quarterly earnings data 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. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.78 billion. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. AMETEK’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $1.57 EPS. As a group, research analysts expect that AMETEK, Inc. will post 6.76 earnings per share for the current year.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.28 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.12 annualized dividend and a yield of 0.67%. AMETEK’s dividend payout ratio (DPR) is presently 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.