MML Investors Services LLC Sells 5,564 Shares of AMETEK, Inc. (NYSE:AME)

MML Investors Services LLC lessened its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 22.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,722 shares of the technology company's stock after selling 5,564 shares during the period. MML Investors Services LLC's holdings in AMETEK were worth $3,387,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. State Street Corp lifted its holdings in AMETEK by 0.3% during the third quarter. State Street Corp now owns 9,220,376 shares of the technology company's stock worth $1,583,231,000 after acquiring an additional 24,072 shares during the period. Bank of New York Mellon Corp raised its stake 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 worth $600,615,000 after purchasing an additional 926,657 shares during the period. EdgePoint Investment Group Inc. boosted its holdings in shares of AMETEK by 87.9% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 1,964,236 shares of the technology company's stock worth $337,279,000 after buying an additional 918,737 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of AMETEK by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,882,166 shares of the technology company's stock worth $313,777,000 after buying an additional 148,447 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in AMETEK by 72.0% during the third quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company's stock valued at $288,526,000 after buying an additional 703,501 shares during the period. 87.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

AME has been the topic of several research reports. Robert W. Baird lifted their price objective on shares of AMETEK from $166.00 to $186.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. TD Cowen downgraded AMETEK from a "hold" rating to a "sell" rating in a research report on Monday, October 7th. StockNews.com raised AMETEK from a "hold" rating to a "buy" rating in a research report on Wednesday, December 4th. KeyCorp lifted their price objective on AMETEK from $205.00 to $215.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Finally, Truist Financial upped their price objective on shares of AMETEK from $219.00 to $221.00 and gave the company a "buy" rating in a report on Friday, November 1st. One research 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. According to data from MarketBeat, AMETEK has an average rating of "Moderate Buy" and a consensus target price of $199.29.

Insider Buying and Selling at AMETEK

In other AMETEK news, Director Steven W. Kohlhagen sold 1,460 shares of the firm's stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the sale, the director now owns 23,349 shares in the company, valued at $4,006,454.91. This trade represents a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David F. Hermance sold 6,243 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider now owns 36,731 shares of the company's stock, valued at $7,015,253.69. The trade was a 14.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,660 shares of company stock worth $5,958,141 over the last three months. 0.61% of the stock is owned by insiders.

AMETEK Price Performance

NYSE:AME traded down $1.07 during mid-day trading on Friday, hitting $187.38. 827,104 shares of the stock traded hands, compared to its average volume of 1,149,380. AMETEK, Inc. has a 12-month low of $149.03 and a 12-month high of $198.33. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18. The company has a market cap of $43.34 billion, a PE ratio of 32.64, a price-to-earnings-growth ratio of 3.08 and a beta of 1.15. The business's 50-day moving average price is $183.21 and its 200 day moving average price is $173.08.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the prior year, the firm posted $1.64 earnings per share. The business's quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts expect that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Friday, December 6th. AMETEK's dividend payout ratio is currently 19.51%.

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.