AMETEK, Inc. (NYSE:AME) Shares Sold by CCLA Investment Management

CCLA Investment Management reduced its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 52.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 231,128 shares of the technology company's stock after selling 252,024 shares during the quarter. CCLA Investment Management owned approximately 0.10% of AMETEK worth $41,672,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. State Street Corp boosted its position in AMETEK by 0.3% in the 3rd quarter. State Street Corp now owns 9,220,376 shares of the technology company's stock valued at $1,583,231,000 after buying an additional 24,072 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of AMETEK by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 6,985,350 shares of the technology company's stock valued at $1,199,454,000 after purchasing an additional 250,538 shares during the period. Geode Capital Management LLC grew its stake in AMETEK by 0.8% in the third quarter. Geode Capital Management LLC now owns 5,401,656 shares of the technology company's stock worth $924,308,000 after purchasing an additional 45,459 shares in the last quarter. EdgePoint Investment Group Inc. increased its holdings in AMETEK by 87.9% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 1,964,236 shares of the technology company's stock worth $337,279,000 after purchasing an additional 918,737 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in AMETEK by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,882,166 shares of the technology company's stock valued at $313,777,000 after purchasing an additional 148,447 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AME shares. Bank of America raised AMETEK from a "neutral" rating to a "buy" rating and increased their price target for the stock from $195.00 to $225.00 in a research report on Monday, December 16th. Mizuho increased their target price on shares of AMETEK from $190.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Truist Financial boosted their price target on shares of AMETEK from $219.00 to $221.00 and gave the company a "buy" rating in a report on Friday, November 1st. KeyCorp increased their price objective 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, StockNews.com raised shares of AMETEK from a "hold" rating to a "buy" rating in a research note on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, AMETEK presently has a consensus rating of "Moderate Buy" and an average target price of $202.50.

AMETEK Stock Up 0.6 %

AME traded up $1.03 during trading on Wednesday, hitting $180.18. The stock had a trading volume of 77,113 shares, compared to its average volume of 816,839. The stock has a 50 day simple moving average of $187.75 and a two-hundred day simple moving average of $174.94. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. AMETEK, Inc. has a twelve month low of $149.03 and a twelve month high of $198.33. The company has a market capitalization of $41.68 billion, a PE ratio of 31.39, a PEG ratio of 3.08 and a beta of 1.16.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates 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 firm earned $1.64 EPS. The business's quarterly revenue was up 5.3% on a year-over-year basis. On average, research analysts predict that AMETEK, Inc. will post 6.8 earnings per share for the current year.

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Friday, December 6th. AMETEK's payout ratio is currently 19.51%.

Insider Buying and Selling

In related news, insider Emanuela Speranza sold 6,747 shares of the firm's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $195.90, for a total value of $1,321,737.30. Following the completion of the transaction, the insider now owns 30,460 shares in the company, valued at $5,967,114. This trade represents a 18.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Tony J. Ciampitti sold 16,210 shares of the business's stock in a transaction dated 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 sale, the insider now owns 49,490 shares in the company, valued at approximately $9,750,024.90. The trade was a 24.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,200 shares of company stock worth $5,707,620 in the last three months. Corporate insiders own 0.61% of the company's stock.

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.