Mizuho Securities USA LLC Has $2.58 Million Stake in AMETEK, Inc. (NYSE:AME)

Mizuho Securities USA LLC lessened its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 15.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,014 shares of the technology company's stock after selling 2,830 shares during the quarter. Mizuho Securities USA LLC's holdings in AMETEK were worth $2,578,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Family Firm Inc. acquired a new position in shares of AMETEK during the second quarter valued at approximately $39,000. Industrial Alliance Investment Management Inc. bought a new stake in AMETEK during the second quarter worth approximately $42,000. Princeton Global Asset Management LLC bought a new stake in AMETEK during the third quarter worth approximately $44,000. Crewe Advisors LLC boosted its holdings in AMETEK by 168.8% during 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 in the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in AMETEK during the second quarter worth approximately $50,000. Institutional investors and hedge funds own 87.43% of the company's stock.

AMETEK Stock Up 0.8 %

Shares of NYSE:AME traded up $1.62 during trading on Friday, reaching $197.38. 1,052,805 shares of the company traded hands, compared to its average volume of 1,347,993. The firm has a fifty day simple moving average of $176.46 and a 200 day simple moving average of $170.70. The firm has a market cap of $45.66 billion, a P/E ratio of 34.38, a price-to-earnings-growth ratio of 3.19 and a beta of 1.16. AMETEK, Inc. has a 1-year low of $149.03 and a 1-year high of $197.83. 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 (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, beating analysts' consensus estimates of $1.62 by $0.04. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the business posted $1.64 EPS. Analysts anticipate that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid 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 dividend payout ratio (DPR) is currently 19.51%.

Insider Buying and Selling at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,460 shares of AMETEK 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 sale, the director now owns 23,349 shares of the company's stock, valued at approximately $4,006,454.91. The trade was a 5.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David F. Hermance sold 6,243 shares of AMETEK stock in a transaction on Friday, November 8th. The shares were sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the completion of the sale, the insider now directly owns 36,731 shares of the company's stock, valued at approximately $7,015,253.69. The trade was a 14.53 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on AME shares. Truist Financial raised their target price on shares of AMETEK from $219.00 to $221.00 and gave the stock a "buy" rating in a report on Friday, November 1st. 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 report on Monday, November 4th. Mizuho raised their target price on shares of AMETEK from $190.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. KeyCorp raised their price objective on shares of AMETEK from $205.00 to $215.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Wolfe Research upgraded shares of AMETEK to a "hold" rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $199.29.

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.