AMETEK, Inc. (NYSE:AME) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC lessened its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 54.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,929 shares of the technology company's stock after selling 13,015 shares during the period. TD Private Client Wealth LLC's holdings in AMETEK were worth $1,877,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI increased its stake in AMETEK by 4.8% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,340 shares of the technology company's stock worth $224,000 after acquiring an additional 61 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of AMETEK by 2.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,639 shares of the technology company's stock worth $440,000 after purchasing an additional 62 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in AMETEK by 2.9% in the 2nd quarter. Checchi Capital Advisers LLC now owns 2,225 shares of the technology company's stock valued at $371,000 after buying an additional 63 shares during the period. Hutchens & Kramer Investment Management Group LLC lifted its position in AMETEK by 3.8% in the third quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,764 shares of the technology company's stock valued at $298,000 after buying an additional 65 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its stake in AMETEK by 0.9% during the third quarter. Miracle Mile Advisors LLC now owns 7,178 shares of the technology company's stock worth $1,233,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 87.43% of the company's stock.

AMETEK Stock Down 0.6 %

AME stock traded down $1.09 during mid-day trading on Friday, reaching $187.36. The company had a trading volume of 827,104 shares, compared to its average volume of 1,149,380. The firm has a fifty day simple moving average of $182.86 and a 200 day simple moving average of $172.95. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. The company has a market capitalization of $43.34 billion, a price-to-earnings ratio of 32.64, a price-to-earnings-growth ratio of 3.08 and a beta of 1.15. AMETEK, Inc. has a fifty-two week low of $149.03 and a fifty-two week high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last issued its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.04. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The firm had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter last year, the company earned $1.64 earnings per share. The firm's revenue was up 5.3% compared to the same quarter last year. Analysts forecast that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.60%. The ex-dividend date is Friday, December 6th. AMETEK's dividend payout ratio (DPR) is presently 19.51%.

Insider Buying and Selling at AMETEK

In other AMETEK news, insider Tony J. Ciampitti sold 16,210 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $197.01, for a total value of $3,193,532.10. Following the completion of the transaction, the insider now owns 49,490 shares in the company, valued at $9,750,024.90. This represents a 24.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David F. Hermance sold 6,243 shares of the firm's stock in a transaction dated 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 approximately $7,015,253.69. The trade was a 14.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,660 shares of company stock worth $5,958,141 over the last ninety days. Corporate insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AME. TD Cowen downgraded shares of AMETEK from a "hold" rating to a "sell" rating in a research note on Monday, October 7th. Truist Financial boosted their target price on AMETEK from $219.00 to $221.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Robert W. Baird raised 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 upgraded AMETEK from a "hold" rating to a "buy" rating in a report on Wednesday, December 4th. Finally, Mizuho raised their target price on AMETEK from $190.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, AMETEK currently has an average rating of "Moderate Buy" and a consensus target price of $199.29.

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.