AMETEK, Inc. (NYSE:AME) Shares Purchased by Curi RMB Capital LLC

Curi RMB Capital LLC grew its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 8.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 195,230 shares of the technology company's stock after acquiring an additional 14,730 shares during the quarter. Curi RMB Capital LLC owned about 0.08% of AMETEK worth $33,523,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. KBC Group NV raised its stake in shares of AMETEK by 1.1% in the 3rd quarter. KBC Group NV now owns 156,603 shares of the technology company's stock valued at $26,891,000 after acquiring an additional 1,763 shares during the period. Victory Capital Management Inc. increased its holdings in AMETEK by 6.5% in the 3rd quarter. Victory Capital Management Inc. now owns 162,161 shares of the technology company's stock valued at $27,845,000 after purchasing an additional 9,928 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in AMETEK by 1.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 506,696 shares of the technology company's stock valued at $87,005,000 after purchasing an additional 5,375 shares during the period. Wolverine Asset Management LLC lifted its stake in shares of AMETEK by 44.4% during the third quarter. Wolverine Asset Management LLC now owns 6,500 shares of the technology company's stock worth $1,116,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of AMETEK in the third quarter worth about $114,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

AMETEK Stock Down 0.8 %

Shares of AMETEK stock traded down $1.57 during trading on Thursday, reaching $193.85. The company had a trading volume of 1,122,330 shares, compared to its average volume of 1,151,297. 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 fifty-two week low of $149.03 and a fifty-two week high of $196.70. The firm's fifty day moving average is $172.43 and its 200-day moving average is $169.55. The company has a market cap of $44.84 billion, a price-to-earnings ratio of 34.05, a price-to-earnings-growth ratio of 3.17 and a beta of 1.16.

AMETEK (NYSE:AME - Get Free Report) last released its earnings results on Thursday, October 31st. The technology company reported $1.66 EPS 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 company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the business posted $1.64 EPS. AMETEK's quarterly revenue was up 5.3% compared to the same quarter last year. On average, analysts anticipate that AMETEK, Inc. will post 6.81 EPS for the current year.

AMETEK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, December 6th. AMETEK's dividend payout ratio (DPR) is presently 19.51%.

Insider Buying and Selling at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,460 shares of AMETEK stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the sale, the director now directly owns 23,349 shares in the company, valued at $4,006,454.91. This trade represents a 5.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David F. Hermance sold 6,243 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the completion of the transaction, the insider now owns 36,731 shares of the company's stock, valued at approximately $7,015,253.69. This trade represents a 14.53 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Mizuho boosted 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. Truist Financial boosted their target price on shares of AMETEK from $219.00 to $221.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Royal Bank of Canada lowered their price target on shares of AMETEK from $216.00 to $215.00 and set an "outperform" rating for the company in a report on Friday, August 2nd. TD Cowen lowered shares of AMETEK from a "hold" rating to a "sell" rating in a report on Monday, October 7th. Finally, Robert W. Baird raised their target price on AMETEK from $166.00 to $186.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. One 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 given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $197.86.

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.