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Barclays PLC Sells 36,909 Shares of AMETEK, Inc. (NYSE:AME)

AMETEK logo with Computer and Technology background

Barclays PLC reduced its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 5.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 631,333 shares of the technology company's stock after selling 36,909 shares during the quarter. Barclays PLC owned 0.27% of AMETEK worth $108,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AME. Itau Unibanco Holding S.A. increased its position in AMETEK by 62.6% during the third quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company's stock valued at $34,000 after acquiring an additional 77 shares during the last quarter. Family Firm Inc. purchased a new stake in AMETEK during the second quarter valued at $39,000. Industrial Alliance Investment Management Inc. purchased a new stake in AMETEK during the second quarter valued at $42,000. Princeton Global Asset Management LLC purchased a new stake in AMETEK during the third quarter valued at $44,000. Finally, Crewe Advisors LLC increased its position in AMETEK by 168.8% during the second quarter. Crewe Advisors LLC now owns 293 shares of the technology company's stock valued at $49,000 after acquiring an additional 184 shares during the last quarter. 87.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AME. StockNews.com upgraded AMETEK from a "hold" rating to a "buy" rating in a research report on Wednesday, December 4th. Robert W. Baird upped their price objective on AMETEK from $166.00 to $186.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Wolfe Research upgraded AMETEK to a "hold" rating in a research report on Wednesday, September 18th. Mizuho upped their price target on AMETEK from $190.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Finally, Truist Financial upped their price target on AMETEK from $219.00 to $221.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $199.29.

Read Our Latest Stock Report on AME

Insider Activity at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the 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 completion of the transaction, the director now directly owns 23,349 shares of the company's stock, valued at approximately $4,006,454.91. This represents a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tony J. Ciampitti sold 16,210 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 49,490 shares of the company's stock, valued at approximately $9,750,024.90. The trade was a 24.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,660 shares of company stock valued at $5,958,141. Insiders own 0.61% of the company's stock.

AMETEK Price Performance

Shares of NYSE:AME traded up $0.02 during trading on Wednesday, hitting $188.62. 662,514 shares of the company's stock were exchanged, compared to its average volume of 1,152,297. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. AMETEK, Inc. has a 52-week low of $149.03 and a 52-week high of $198.33. The business's 50-day simple moving average is $182.07 and its 200 day simple moving average is $172.73. The company has a market cap of $43.63 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 3.13 and a beta of 1.15.

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 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 firm had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter last year, the business posted $1.64 earnings per share. The firm's revenue was up 5.3% on a year-over-year basis. As a group, equities analysts predict that AMETEK, Inc. will post 6.8 EPS for the current year.

AMETEK Announces Dividend

The company 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 yield of 0.59%. The ex-dividend date of this dividend is Friday, December 6th. AMETEK's payout ratio is presently 19.51%.

AMETEK Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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