First Hawaiian Bank Lowers Position in AMETEK, Inc. (NYSE:AME)

First Hawaiian Bank lessened its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 88.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,114 shares of the technology company's stock after selling 8,155 shares during the quarter. First Hawaiian Bank's holdings in AMETEK were worth $201,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its position in AMETEK by 0.3% in the third quarter. State Street Corp now owns 9,220,376 shares of the technology company's stock valued at $1,583,231,000 after purchasing an additional 24,072 shares during the period. JPMorgan Chase & Co. boosted its holdings in AMETEK by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,985,350 shares of the technology company's stock valued at $1,199,454,000 after acquiring an additional 250,538 shares during the period. Geode Capital Management LLC grew its position in AMETEK by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,401,656 shares of the technology company's stock valued at $924,308,000 after acquiring an additional 45,459 shares in the last quarter. EdgePoint Investment Group Inc. increased its stake in AMETEK by 87.9% during the third 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 lifted its position in shares of AMETEK by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,882,166 shares of the technology company's stock worth $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 and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AME. Wolfe Research upgraded shares of AMETEK to a "hold" rating in a report on Wednesday, September 18th. Robert W. Baird boosted their price target on shares of AMETEK from $166.00 to $186.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. StockNews.com upgraded AMETEK from a "hold" rating to a "buy" rating in a research note on Thursday. Mizuho boosted their target price on AMETEK from $190.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, Truist Financial increased their price target on AMETEK from $219.00 to $221.00 and gave the company a "buy" rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $202.50.

AMETEK Stock Down 1.2 %

Shares of NYSE AME traded down $2.19 during midday trading on Friday, hitting $176.26. 1,430,872 shares of the company's stock were exchanged, compared to its average volume of 923,662. The firm's fifty day simple moving average is $187.87 and its 200-day simple moving average is $174.78. The company has a market cap of $40.77 billion, a PE ratio of 30.71, a P/E/G ratio of 3.08 and a beta of 1.16. AMETEK, Inc. has a twelve month low of $149.03 and a twelve month high of $198.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84.

AMETEK (NYSE:AME - Get Free Report) last released 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 net margin of 19.27% and a return on equity of 16.88%. The company had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter last year, the company earned $1.64 earnings per share. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. Research analysts predict that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Friday, December 6th. AMETEK's payout ratio is 19.51%.

Insider Transactions at AMETEK

In related news, insider Emanuela Speranza sold 6,747 shares of the stock in a transaction on Tuesday, November 26th. The shares were 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 owns 30,460 shares in the company, valued at $5,967,114. This represents a 18.13 % decrease in their position. The sale was disclosed in a document filed 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 on Friday, November 22nd. The shares were sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the completion of the transaction, the insider now owns 49,490 shares in the company, valued at approximately $9,750,024.90. This represents a 24.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,200 shares of company stock worth $5,707,620. Corporate insiders own 0.61% of the company's stock.

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.