Czech National Bank grew its position in AMETEK, Inc. (NYSE:AME - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,153 shares of the technology company's stock after acquiring an additional 2,987 shares during the period. Czech National Bank's holdings in AMETEK were worth $9,041,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of AME. Graypoint LLC bought a new position in AMETEK during the fourth quarter worth about $221,000. Fulton Bank N.A. lifted its position in shares of AMETEK by 3.9% in the fourth quarter. Fulton Bank N.A. now owns 3,199 shares of the technology company's stock valued at $577,000 after buying an additional 121 shares during the last quarter. Canandaigua National Bank & Trust Co. boosted its stake in shares of AMETEK by 5.0% during the 4th quarter. Canandaigua National Bank & Trust Co. now owns 3,343 shares of the technology company's stock worth $603,000 after acquiring an additional 160 shares during the period. Legacy Wealth Management LLC MS increased its holdings in shares of AMETEK by 4.2% during the 4th quarter. Legacy Wealth Management LLC MS now owns 2,974 shares of the technology company's stock worth $536,000 after acquiring an additional 120 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in AMETEK by 9.3% in the 4th quarter. Nordea Investment Management AB now owns 28,330 shares of the technology company's stock valued at $5,129,000 after acquiring an additional 2,406 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at AMETEK
In other news, insider Tony J. Ciampitti sold 16,210 shares of AMETEK stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total value of $3,193,532.10. Following the transaction, the insider now owns 49,490 shares in the company, valued at approximately $9,750,024.90. This trade represents a 24.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Emanuela Speranza sold 6,747 shares of the company'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 sale, the insider now owns 30,460 shares of the company's stock, valued at approximately $5,967,114. This represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,200 shares of company stock valued at $5,707,620 over the last three months. 0.61% of the stock is owned by insiders.
AMETEK Price Performance
Shares of NYSE AME traded up $0.87 during midday trading on Wednesday, reaching $180.02. The company's stock had a trading volume of 683,208 shares, compared to its average volume of 885,255. The business's 50 day moving average price is $187.75 and its two-hundred day moving average price is $174.94. The company has a market cap of $41.64 billion, a P/E ratio of 31.36, a P/E/G ratio of 3.08 and a beta of 1.16. 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 $198.33.
AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. The business had revenue of $1.71 billion during 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%. AMETEK's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 earnings per share. On average, analysts forecast that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.
AMETEK Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.28 per share. The ex-dividend date was Friday, December 6th. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. AMETEK's dividend payout ratio is 19.51%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on AME shares. TD Cowen cut shares of AMETEK from a "hold" rating to a "sell" rating in a research report on Monday, October 7th. Mizuho lifted 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. Robert W. Baird upped their price target 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. StockNews.com upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a research report on Thursday, January 9th. Finally, KeyCorp upped their target price on AMETEK from $205.00 to $215.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, AMETEK presently has an average rating of "Moderate Buy" and a consensus target price of $202.50.
View Our Latest Research Report on AME
About AMETEK
(
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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