OneDigital Investment Advisors LLC Buys 9,262 Shares of AMETEK, Inc. (NYSE:AME)

OneDigital Investment Advisors LLC lifted its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 88.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,704 shares of the technology company's stock after purchasing an additional 9,262 shares during the period. OneDigital Investment Advisors LLC's holdings in AMETEK were worth $3,383,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Family Firm Inc. bought a new position in shares of AMETEK in the second quarter worth approximately $39,000. Industrial Alliance Investment Management Inc. bought a new position in shares of AMETEK during the second quarter valued at approximately $42,000. Headlands Technologies LLC purchased a new stake in AMETEK in the first quarter worth $43,000. Princeton Global Asset Management LLC bought a new stake in AMETEK in the third quarter valued at $44,000. Finally, Crewe Advisors LLC raised its holdings in AMETEK by 168.8% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company's stock worth $49,000 after purchasing an additional 184 shares in the last quarter. 87.43% of the stock is owned by institutional investors.

Insider Activity

In other news, insider David F. Hermance sold 6,243 shares of the firm'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 transaction, the insider now directly owns 36,731 shares in the company, valued at $7,015,253.69. This trade represents a 14.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven W. Kohlhagen sold 1,460 shares of the company's 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 sale, the director now owns 23,349 shares of the company's stock, valued at approximately $4,006,454.91. This trade represents a 5.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.61% of the company's stock.

AMETEK Stock Down 0.3 %

AME stock traded down $0.65 during trading on Friday, hitting $193.10. 2,148,706 shares of the stock traded hands, compared to its average volume of 1,155,791. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. The stock has a market cap of $44.67 billion, a price-to-earnings ratio of 33.64, 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 $196.70. The firm's 50 day moving average is $173.59 and its two-hundred day moving average is $169.82.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.04. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.64 earnings per share. On average, sell-side analysts anticipate that AMETEK, Inc. will post 6.81 EPS for the current year.

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, December 6th. AMETEK's dividend payout ratio (DPR) is 19.51%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Robert W. Baird boosted their price target on shares of AMETEK from $166.00 to $186.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. StockNews.com cut AMETEK from a "buy" rating to a "hold" rating in a research note on Friday. Mizuho upped their price target on AMETEK from $190.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Truist Financial raised their price objective on AMETEK from $219.00 to $221.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Redburn Atlantic upgraded shares of AMETEK to a "strong-buy" rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.