AMETEK, Inc. (NYSE:AME) Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC decreased its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 369,522 shares of the technology company's stock after selling 4,047 shares during the quarter. AMETEK comprises about 4.7% of Mountain Pacific Investment Advisers LLC's portfolio, making the stock its 3rd biggest position. Mountain Pacific Investment Advisers LLC owned approximately 0.16% of AMETEK worth $66,610,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AME. Oddo BHF Asset Management Sas acquired a new stake in AMETEK during the 3rd quarter worth about $3,724,000. Everence Capital Management Inc. purchased a new position in shares of AMETEK in the fourth quarter worth about $999,000. BNP Paribas Financial Markets lifted its holdings in shares of AMETEK by 23.2% during the third quarter. BNP Paribas Financial Markets now owns 355,828 shares of the technology company's stock worth $61,099,000 after purchasing an additional 67,025 shares during the period. Taurus Asset Management LLC boosted its position in AMETEK by 2.9% in the third quarter. Taurus Asset Management LLC now owns 115,033 shares of the technology company's stock valued at $19,752,000 after buying an additional 3,210 shares during the last quarter. Finally, Sawgrass Asset Management LLC increased its holdings in AMETEK by 36.5% in the 3rd quarter. Sawgrass Asset Management LLC now owns 74,757 shares of the technology company's stock worth $12,837,000 after buying an additional 20,001 shares during the period. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

AMETEK Price Performance

AMETEK stock traded up $4.00 during midday trading on Tuesday, reaching $184.73. The company had a trading volume of 2,765,859 shares, compared to its average volume of 1,253,712. AMETEK, Inc. has a 12-month low of $149.03 and a 12-month high of $198.33. The firm's fifty day simple moving average is $186.95 and its 200-day simple moving average is $175.35. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. The company has a market capitalization of $42.73 billion, a P/E ratio of 32.18, a P/E/G ratio of 2.61 and a beta of 1.16.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, topping the consensus estimate 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 firm's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.64 earnings per share. As a group, equities analysts anticipate that AMETEK, Inc. will post 6.8 EPS for the current year.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 0.61%. AMETEK's dividend payout ratio is presently 19.51%.

Analyst Upgrades and Downgrades

AME has been the topic of several recent research reports. Truist Financial upped their price objective on shares of AMETEK from $221.00 to $222.00 and gave the company a "buy" rating in a report on Thursday, January 16th. BNP Paribas upgraded shares of AMETEK from a "neutral" rating to an "outperform" rating and set a $210.00 target price for the company in a research report on Thursday, January 16th. Robert W. Baird increased their price target on AMETEK from $166.00 to $186.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. StockNews.com downgraded AMETEK from a "buy" rating to a "hold" rating in a research note on Friday. Finally, KeyCorp raised their target price on AMETEK from $205.00 to $215.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given 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 price target of $203.44.

Insiders Place Their Bets

In other news, insider Tony J. Ciampitti sold 16,210 shares of AMETEK stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the transaction, the insider now owns 49,490 shares in the company, valued at $9,750,024.90. The trade was a 24.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Emanuela Speranza sold 6,747 shares of AMETEK stock in a transaction dated 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 transaction, the insider now directly owns 30,460 shares in the company, valued at $5,967,114. This trade represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have 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 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.