AMETEK, Inc. (NYSE:AME) Shares Sold by Silvant Capital Management LLC

Silvant Capital Management LLC lessened its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 51.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 18,692 shares of the technology company's stock after selling 19,945 shares during the period. Silvant Capital Management LLC's holdings in AMETEK were worth $3,210,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Czech National Bank lifted its holdings in AMETEK by 8.6% during the second quarter. Czech National Bank now owns 44,108 shares of the technology company's stock worth $7,353,000 after buying an additional 3,499 shares during the period. Duality Advisers LP bought a new stake in AMETEK during the first quarter valued at about $1,676,000. CWM LLC grew its stake in AMETEK by 53.9% in the second quarter. CWM LLC now owns 10,594 shares of the technology company's stock valued at $1,766,000 after purchasing an additional 3,711 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in AMETEK by 3.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 258,677 shares of the technology company's stock worth $47,312,000 after purchasing an additional 8,189 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of AMETEK during the first quarter valued at about $3,833,000. 87.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AME has been the subject of several recent analyst reports. Mizuho boosted their price objective on shares of AMETEK from $190.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday. StockNews.com lowered AMETEK from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th. Truist Financial raised their price objective on AMETEK from $219.00 to $221.00 and gave the stock a "buy" rating in a research report on Friday. Redburn Atlantic upgraded AMETEK to a "strong-buy" rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada lowered their price target on AMETEK from $216.00 to $215.00 and set an "outperform" rating for the company in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $195.00.

Insider Transactions at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,460 shares of AMETEK stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total transaction of $250,521.40. Following the completion of the transaction, the director now directly owns 23,349 shares in the company, valued at approximately $4,006,454.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.61% of the company's stock.

AMETEK Stock Performance

NYSE AME traded down $4.91 during trading hours on Friday, reaching $178.43. The stock had a trading volume of 1,962,659 shares, compared to its average volume of 1,144,114. AMETEK, Inc. has a 52-week low of $141.26 and a 52-week high of $186.32. The stock has a fifty day moving average of $169.17 and a 200 day moving average of $168.92. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.26. The stock has a market cap of $41.31 billion, a P/E ratio of 31.09, a price-to-earnings-growth ratio of 2.77 and a beta of 1.17.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the firm earned $1.64 EPS. The business's revenue for the quarter was up 5.3% on a year-over-year basis. Sell-side analysts predict that AMETEK, Inc. will post 6.76 earnings per share for the current year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.28 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.12 annualized dividend and a dividend yield of 0.63%. AMETEK's dividend payout ratio (DPR) is presently 19.51%.

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.