AMETEK, Inc. (NYSE:AME) Shares Sold by HCR Wealth Advisors

HCR Wealth Advisors trimmed its position in AMETEK, Inc. (NYSE:AME - Free Report) by 15.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 94,672 shares of the technology company's stock after selling 17,700 shares during the period. AMETEK comprises approximately 2.1% of HCR Wealth Advisors' holdings, making the stock its 9th largest holding. HCR Wealth Advisors' holdings in AMETEK were worth $17,066,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Itau Unibanco Holding S.A. raised its stake in shares of AMETEK by 62.6% during the third quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company's stock worth $34,000 after buying an additional 77 shares during the last quarter. Versant Capital Management Inc grew its holdings in AMETEK by 3,116.7% during the 4th quarter. Versant Capital Management Inc now owns 193 shares of the technology company's stock worth $35,000 after acquiring an additional 187 shares during the period. AdvisorNet Financial Inc raised its position in shares of AMETEK by 1,176.5% during the 4th quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company's stock valued at $39,000 after acquiring an additional 200 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of AMETEK in the 3rd quarter valued at $44,000. Finally, Anchor Investment Management LLC boosted its position in shares of AMETEK by 366.1% in the 3rd quarter. Anchor Investment Management LLC now owns 261 shares of the technology company's stock worth $45,000 after purchasing an additional 205 shares during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AMETEK

In related news, insider Emanuela Speranza sold 6,747 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $195.90, for a total transaction of $1,321,737.30. Following the completion of the transaction, the insider now directly owns 30,460 shares of the company's stock, valued at approximately $5,967,114. This represents a 18.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David F. Hermance sold 6,243 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $190.99, for a total value of $1,192,350.57. Following the transaction, the insider now directly owns 36,731 shares in the company, valued at $7,015,253.69. This trade 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. 0.61% of the stock is currently owned by corporate insiders.

AMETEK Stock Up 0.5 %

Shares of NYSE:AME traded up $0.83 during midday trading on Thursday, reaching $180.89. 1,698,871 shares of the company were exchanged, compared to its average volume of 966,617. The firm has a market cap of $41.84 billion, a PE ratio of 31.51, a P/E/G ratio of 2.51 and a beta of 1.16. AMETEK, Inc. has a fifty-two week low of $149.03 and a fifty-two week high of $198.33. The stock has a fifty day simple moving average of $187.54 and a two-hundred day simple moving average of $174.98. 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 - Get Free Report) last released its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. The firm 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 company's revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.64 EPS. As a group, sell-side analysts forecast that AMETEK, Inc. will post 6.8 earnings per share for the current year.

AMETEK Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Friday, December 6th. AMETEK's dividend payout ratio (DPR) is currently 19.51%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. BNP Paribas upgraded AMETEK from a "neutral" rating to an "outperform" rating and set a $210.00 price objective for the company in a report on Thursday. Truist Financial upped their price target on AMETEK from $221.00 to $222.00 and gave the company a "buy" rating in a research note on Thursday. StockNews.com raised shares of AMETEK from a "hold" rating to a "buy" rating in a research note on Thursday, January 9th. KeyCorp upped their target price on shares of AMETEK from $205.00 to $215.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Finally, Robert W. Baird lifted their price target on shares of AMETEK from $166.00 to $186.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $203.44.

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.