AMETEK, Inc. (NYSE:AME) Insider Sells $1,192,350.57 in Stock

AMETEK, Inc. (NYSE:AME - Get Free Report) insider David F. Hermance sold 6,243 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $190.99, for a total value of $1,192,350.57. Following the sale, the insider now owns 36,731 shares of the company's stock, valued at approximately $7,015,253.69. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

AMETEK Price Performance

AME traded up $2.44 on Tuesday, reaching $194.01. The company had a trading volume of 1,867,639 shares, compared to its average volume of 1,150,156. The business has a 50 day simple moving average of $171.32 and a 200 day simple moving average of $169.25. The company has a market cap of $44.88 billion, a price-to-earnings ratio of 33.37, a P/E/G ratio of 3.11 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 52-week low of $149.03 and a 52-week high of $194.27.

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, beating analysts' consensus estimates of $1.62 by $0.04. The firm had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The company's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.64 earnings per share. As a group, sell-side analysts anticipate that AMETEK, Inc. will post 6.81 EPS for the current year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.28 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 0.58%. AMETEK's dividend payout ratio is presently 19.51%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of AMETEK by 48.4% during the first quarter. JPMorgan Chase & Co. now owns 7,075,565 shares of the technology company's stock valued at $1,294,121,000 after purchasing an additional 2,306,535 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of AMETEK by 34.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,602,753 shares of the technology company's stock valued at $600,615,000 after acquiring an additional 926,657 shares in the last quarter. Meridiem Investment Management Ltd. acquired a new position in shares of AMETEK in the 3rd quarter valued at about $130,579,000. Principal Financial Group Inc. raised its stake in shares of AMETEK by 72.0% in the third quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company's stock worth $288,526,000 after purchasing an additional 703,501 shares during the last quarter. Finally, James Hambro & Partners LLP bought a new position in shares of AMETEK in the third quarter worth $60,188,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AME shares. Robert W. Baird raised their target price 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. Truist Financial boosted their price target 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. StockNews.com raised shares of AMETEK from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Redburn Atlantic raised shares of AMETEK to a "strong-buy" rating in a research report on Friday, August 2nd. Finally, Wolfe Research upgraded AMETEK to a "hold" rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, AMETEK presently has an average rating of "Moderate Buy" and an average target price of $197.86.

AMETEK Company 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.