Holocene Advisors LP Buys 26,723 Shares of AMETEK, Inc. (NYSE:AME)

Holocene Advisors LP increased its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 140.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,702 shares of the technology company's stock after purchasing an additional 26,723 shares during the quarter. Holocene Advisors LP's holdings in AMETEK were worth $7,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Family Firm Inc. purchased a new stake in AMETEK in the second quarter worth about $39,000. Industrial Alliance Investment Management Inc. purchased a new stake in AMETEK in the second quarter worth about $42,000. Princeton Global Asset Management LLC purchased a new stake in AMETEK in the third quarter worth about $44,000. Crewe Advisors LLC lifted its holdings in AMETEK by 168.8% in the second quarter. Crewe Advisors LLC now owns 293 shares of the technology company's stock worth $49,000 after buying an additional 184 shares during the period. Finally, First Command Advisory Services Inc. purchased a new stake in AMETEK in the second quarter worth about $50,000. 87.43% of the stock is owned by institutional investors.

AMETEK Stock Performance

Shares of AME stock traded up $0.67 during mid-day trading on Wednesday, reaching $195.00. 890,922 shares of the company's stock traded hands, compared to its average volume of 1,155,035. AMETEK, Inc. has a 12 month low of $149.03 and a 12 month high of $198.33. The firm has a 50 day moving average price of $180.49 and a two-hundred day moving average price of $172.18. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. The firm has a market capitalization of $45.11 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 3.19 and a beta of 1.15.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the firm posted $1.64 EPS. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, research analysts forecast that AMETEK, Inc. will post 6.8 EPS for the current year.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Friday, December 6th. AMETEK's payout ratio is 19.51%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AME shares. TD Cowen lowered shares of AMETEK from a "hold" rating to a "sell" rating in a report on Monday, October 7th. Wolfe Research upgraded shares of AMETEK to a "hold" rating in a report on Wednesday, September 18th. Robert W. Baird boosted their price objective on shares of AMETEK from $166.00 to $186.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Truist Financial boosted their price objective on shares of AMETEK from $219.00 to $221.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, StockNews.com lowered shares of AMETEK from a "buy" rating to a "hold" rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $199.29.

Insider Activity

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the company's stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the completion of the transaction, the director now owns 23,349 shares of the company's stock, valued at approximately $4,006,454.91. This represents a 5.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tony J. Ciampitti sold 16,210 shares of the company's stock in a transaction on Friday, November 22nd. The stock was 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 directly owns 49,490 shares of the company's stock, valued at $9,750,024.90. This represents a 24.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,660 shares of company stock valued at $5,958,141 in the last 90 days. Company 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.