Nisa Investment Advisors LLC Boosts Stake in AMETEK, Inc. (NYSE:AME)

Nisa Investment Advisors LLC increased its holdings in shares of AMETEK, Inc. (NYSE:AME) by 0.9% during the fourth quarter, HoldingsChannel reports. The fund owned 80,453 shares of the technology company’s stock after buying an additional 679 shares during the period. Nisa Investment Advisors LLC’s holdings in AMETEK were worth $14,502,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its holdings in shares of AMETEK by 4.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,450 shares of the technology company’s stock valued at $261,000 after purchasing an additional 63 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC grew its position in AMETEK by 3.8% during the third quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,764 shares of the technology company’s stock worth $298,000 after buying an additional 65 shares during the period. Miracle Mile Advisors LLC increased its holdings in AMETEK by 0.9% in the third quarter. Miracle Mile Advisors LLC now owns 7,178 shares of the technology company’s stock valued at $1,233,000 after buying an additional 66 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of AMETEK by 1.1% during the 2nd quarter. EP Wealth Advisors LLC now owns 6,330 shares of the technology company’s stock valued at $1,055,000 after acquiring an additional 71 shares during the period. Finally, Wallace Advisory Group LLC boosted its stake in shares of AMETEK by 5.8% during the 4th quarter. Wallace Advisory Group LLC now owns 1,371 shares of the technology company’s stock worth $235,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Price Performance

Shares of NYSE:AME opened at $190.46 on Friday. The company has a market cap of $44.06 billion, a P/E ratio of 33.18, a P/E/G ratio of 2.67 and a beta of 1.16. The business has a fifty day simple moving average of $186.64 and a 200-day simple moving average of $175.58. AMETEK, Inc. has a 52 week low of $149.03 and a 52 week high of $198.33. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18.

AMETEK (NYSE:AME) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. The company had revenue of $1.71 billion during 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 firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.64 EPS. Equities research analysts forecast that AMETEK, Inc. will post 6.8 EPS for the current year.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.28 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.59%. AMETEK’s dividend payout ratio (DPR) is presently 19.51%.

Insider Activity

In other AMETEK news, insider Emanuela Speranza sold 6,747 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total transaction of $1,321,737.30. Following the completion of the sale, the insider now directly owns 30,460 shares in the company, valued at $5,967,114. The trade was a 18.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David F. Hermance sold 6,243 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 36,731 shares in the company, valued at approximately $7,015,253.69. This represents a 14.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,200 shares of company stock valued at $5,707,620 in the last ninety days. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AME. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Truist Financial boosted their price objective on shares of AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. TD Cowen downgraded shares of AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Mizuho upped their price target on shares of AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, KeyCorp raised their price objective on shares of AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.44.

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.