StoneX Group Inc. Sells 874 Shares of AMETEK, Inc. (NYSE:AME)

StoneX Group Inc. lowered its position in AMETEK, Inc. (NYSE:AME) by 2.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,113 shares of the technology company’s stock after selling 874 shares during the period. StoneX Group Inc.’s holdings in AMETEK were worth $5,686,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in shares of AMETEK by 34.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,602,753 shares of the technology company’s stock worth $600,615,000 after acquiring an additional 926,657 shares during the last quarter. Boston Partners raised its stake in shares of AMETEK by 3.0% in the first quarter. Boston Partners now owns 3,063,588 shares of the technology company’s stock worth $560,278,000 after purchasing an additional 90,271 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of AMETEK by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,882,166 shares of the technology company’s stock valued at $313,777,000 after purchasing an additional 148,447 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of AMETEK by 72.0% during the third quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company’s stock valued at $288,526,000 after buying an additional 703,501 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in AMETEK by 12.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,660,133 shares of the technology company’s stock worth $276,761,000 after buying an additional 186,263 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 $197.38 on Friday. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $176.46 and a two-hundred day simple moving average of $170.71. AMETEK, Inc. has a 1-year low of $149.03 and a 1-year high of $197.83. The firm has a market cap of $45.66 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 3.19 and a beta of 1.16.

AMETEK (NYSE:AME) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the company earned $1.64 EPS. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. Analysts anticipate that AMETEK, Inc. will post 6.8 earnings per share for the current year.

AMETEK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Friday, December 6th. AMETEK’s payout ratio is currently 19.51%.

Analyst Ratings Changes

Several equities analysts have weighed in on AME shares. Robert W. Baird raised their price objective on AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Redburn Atlantic upgraded shares of AMETEK to a “strong-buy” rating in a report on Friday, August 2nd. Mizuho increased their price objective on shares of AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. KeyCorp boosted their target price on AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Royal Bank of Canada decreased their price target on AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $199.29.

Insider Buying and Selling

In other AMETEK news, insider David F. Hermance sold 6,243 shares of AMETEK stock in a transaction dated Friday, November 8th. The stock was 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 owns 36,731 shares of the company’s stock, valued at $7,015,253.69. The trade was a 14.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven W. Kohlhagen sold 1,460 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the sale, the director now directly owns 23,349 shares in the company, valued at $4,006,454.91. This trade represents a 5.88 % decrease in their position. 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.