JPMorgan Chase & Co. boosted its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,985,350 shares of the technology company's stock after buying an additional 250,538 shares during the quarter. JPMorgan Chase & Co. owned approximately 3.02% of AMETEK worth $1,199,454,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of AME. Itau Unibanco Holding S.A. grew its position in AMETEK by 62.6% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company's stock worth $34,000 after acquiring an additional 77 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of AMETEK during the third quarter worth $44,000. Anchor Investment Management LLC increased its stake in shares of AMETEK by 366.1% in the third quarter. Anchor Investment Management LLC now owns 261 shares of the technology company's stock valued at $45,000 after buying an additional 205 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of AMETEK in the second quarter valued at about $50,000. Finally, Quarry LP lifted its position in AMETEK by 226.1% during the 3rd quarter. Quarry LP now owns 300 shares of the technology company's stock worth $52,000 after buying an additional 208 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.
AMETEK Trading Down 0.7 %
Shares of AMETEK stock traded down $1.27 during trading on Friday, reaching $182.45. 523,950 shares of the company were exchanged, compared to its average volume of 1,145,774. The business has a 50-day moving average price of $186.16 and a 200-day moving average price of $174.10. The firm has a market capitalization of $42.20 billion, a price-to-earnings ratio of 31.79, a P/E/G ratio of 3.08 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18. AMETEK, Inc. has a twelve month low of $149.03 and a twelve month high of $198.33.
AMETEK (NYSE:AME - Get Free Report) last issued its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping 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 revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.64 earnings per share. Sell-side analysts anticipate that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.
AMETEK Announces Dividend
The firm also recently announced 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. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 0.61%. AMETEK's dividend payout ratio is presently 19.51%.
Insider Buying and Selling at AMETEK
In related news, insider Tony J. Ciampitti sold 16,210 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $197.01, for a total value 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 approximately $9,750,024.90. This represents a 24.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Emanuela Speranza sold 6,747 shares of AMETEK stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total value of $1,321,737.30. Following the completion of the sale, the insider now directly owns 30,460 shares in the company, valued at $5,967,114. This represents a 18.13 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,200 shares of company stock valued at $5,707,620. Company insiders own 0.61% of the company's stock.
Analyst Ratings Changes
Several research firms have weighed in on AME. StockNews.com upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a research report on Tuesday. Truist Financial raised their price target on shares of AMETEK from $219.00 to $221.00 and gave the company a "buy" rating in a report on Friday, November 1st. Wolfe Research raised AMETEK to a "hold" rating in a report on Wednesday, September 18th. KeyCorp lifted their target price on AMETEK from $205.00 to $215.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Finally, Robert W. Baird boosted their target price on AMETEK from $166.00 to $186.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $202.50.
View Our Latest Stock 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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