Dudley & Shanley Inc. Raises Stake in AMETEK, Inc. (NYSE:AME)

Dudley & Shanley Inc. boosted its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 11.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,434 shares of the technology company's stock after acquiring an additional 14,105 shares during the quarter. AMETEK accounts for about 3.7% of Dudley & Shanley Inc.'s portfolio, making the stock its 13th largest position. Dudley & Shanley Inc. owned 0.06% of AMETEK worth $23,942,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Oddo BHF Asset Management Sas bought a new stake in shares of AMETEK in the third quarter worth $3,724,000. BNP Paribas Financial Markets increased its stake in shares of AMETEK by 23.2% in the third quarter. BNP Paribas Financial Markets now owns 355,828 shares of the technology company's stock valued at $61,099,000 after buying an additional 67,025 shares during the period. Sawgrass Asset Management LLC lifted its stake in shares of AMETEK by 36.5% in the third quarter. Sawgrass Asset Management LLC now owns 74,757 shares of the technology company's stock worth $12,837,000 after acquiring an additional 20,001 shares during the period. Taurus Asset Management LLC raised its holdings in AMETEK by 2.9% during the 3rd quarter. Taurus Asset Management LLC now owns 115,033 shares of the technology company's stock worth $19,752,000 after purchasing an additional 3,210 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of AMETEK by 30.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 53,849 shares of the technology company's stock valued at $9,247,000 after purchasing an additional 12,718 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Stock Down 0.7 %

AMETEK stock traded down $1.29 during trading on Monday, hitting $182.07. 915,007 shares of the company were exchanged, compared to its average volume of 1,153,747. 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 company has a market capitalization of $42.11 billion, a P/E ratio of 31.72, a PEG ratio of 3.08 and a beta of 1.15. The business's 50 day moving average is $184.83 and its 200 day moving average is $173.71. AMETEK, Inc. has a 52 week low of $149.03 and a 52 week high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The business had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same period in the previous year, the company earned $1.64 earnings per share. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts predict that AMETEK, Inc. will post 6.8 earnings per share for the current year.

AMETEK Dividend Announcement

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

Insider Transactions at AMETEK

In other news, 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 transaction of $1,321,737.30. Following the transaction, the insider now owns 30,460 shares of the company's stock, valued at $5,967,114. This represents a 18.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony J. Ciampitti sold 16,210 shares of AMETEK stock in a transaction dated 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 30,660 shares of company stock worth $5,958,141 in the last ninety days. Company insiders own 0.61% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on AME shares. TD Cowen downgraded AMETEK from a "hold" rating to a "sell" rating in a report on Monday, October 7th. KeyCorp lifted 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. Bank of America raised shares of AMETEK from a "neutral" rating to a "buy" rating and lifted their price target for the company from $195.00 to $225.00 in a research note on Monday, December 16th. Truist Financial increased their price objective 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. Finally, StockNews.com lowered AMETEK from a "buy" rating to a "hold" rating in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $202.50.

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.