AMETEK, Inc. (NYSE:AME) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors lessened its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 38.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,190 shares of the technology company's stock after selling 5,220 shares during the quarter. Captrust Financial Advisors' holdings in AMETEK were worth $1,406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. MorganRosel Wealth Management LLC increased its stake in AMETEK by 1.6% during the 2nd quarter. MorganRosel Wealth Management LLC now owns 3,886 shares of the technology company's stock worth $648,000 after buying an additional 61 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in shares of 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. lifted its stake in shares of AMETEK by 2.4% in the second quarter. First Horizon Advisors Inc. now owns 2,639 shares of the technology company's stock worth $440,000 after acquiring an additional 62 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in AMETEK by 2.9% in the second quarter. Checchi Capital Advisers LLC now owns 2,225 shares of the technology company's stock valued at $371,000 after purchasing an additional 63 shares during the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC grew its stake in AMETEK by 3.8% during the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,764 shares of the technology company's stock valued at $298,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company's stock.

Insider Buying and Selling at AMETEK

In other news, insider Tony J. Ciampitti sold 16,210 shares of the firm's 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 directly owns 49,490 shares of the company's stock, valued at approximately $9,750,024.90. This trade represents a 24.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Emanuela Speranza sold 6,747 shares of the company's 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 completion of the sale, the insider now directly owns 30,460 shares of the company's stock, valued at $5,967,114. The trade was a 18.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,660 shares of company stock valued at $5,958,141 in the last ninety days. Company insiders own 0.61% of the company's stock.

AMETEK Stock Performance

AME traded down $2.14 on Friday, hitting $191.54. 995,677 shares of the company's stock were exchanged, compared to its average volume of 1,157,755. 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 moving average of $181.31 and a two-hundred day moving average of $172.50. AMETEK, Inc. has a twelve month low of $149.03 and a twelve month high of $198.33. The firm has a market cap of $44.31 billion, a PE ratio of 33.37, a P/E/G ratio of 3.18 and a beta of 1.15.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly 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. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The business's revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business posted $1.64 EPS. On average, research analysts anticipate that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.28 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 0.58%. AMETEK's dividend payout ratio is presently 19.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Mizuho upped their target price on AMETEK from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. TD Cowen cut shares of AMETEK from a "hold" rating to a "sell" rating in a report on Monday, October 7th. StockNews.com raised shares of AMETEK from a "hold" rating to a "buy" rating in a report on Wednesday. Robert W. Baird upped their target price on shares of AMETEK from $166.00 to $186.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Finally, KeyCorp lifted their price target on AMETEK from $205.00 to $215.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $199.29.

AMETEK Company 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.