AMETEK, Inc. (NYSE:AME) Shares Purchased by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA boosted its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 2.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,970 shares of the technology company's stock after acquiring an additional 3,767 shares during the quarter. AMETEK accounts for approximately 1.4% of Roffman Miller Associates Inc. PA's investment portfolio, making the stock its 28th biggest position. Roffman Miller Associates Inc. PA owned 0.06% of AMETEK worth $23,004,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AME. Itau Unibanco Holding S.A. raised its stake in shares of AMETEK by 62.6% in the third quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company's stock valued at $34,000 after acquiring an additional 77 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of AMETEK during the 2nd quarter worth about $39,000. Industrial Alliance Investment Management Inc. purchased a new stake in AMETEK during the second quarter worth approximately $42,000. Princeton Global Asset Management LLC acquired a new position in shares of AMETEK in the 3rd quarter valued at $44,000. Finally, Crewe Advisors LLC grew its position in shares of AMETEK by 168.8% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company's stock valued at $49,000 after buying an additional 184 shares during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Stock Performance

Shares of AME stock traded down $1.17 during trading hours on Monday, reaching $190.37. 337,660 shares of the company's stock were exchanged, compared to its average volume of 1,151,829. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. AMETEK, Inc. has a 1 year low of $149.03 and a 1 year high of $198.33. The company has a market cap of $44.03 billion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 3.13 and a beta of 1.15. The company's 50 day moving average is $181.31 and its two-hundred day moving average is $172.50.

AMETEK (NYSE:AME - Get Free Report) last issued its earnings results on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.62 by $0.04. The company had revenue of $1.71 billion for 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 business's revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 EPS. Equities research analysts anticipate that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 0.59%. AMETEK's dividend payout ratio is presently 19.51%.

Analysts Set New Price Targets

Several equities analysts have issued reports on AME shares. TD Cowen downgraded shares of AMETEK from a "hold" rating to a "sell" rating in a research note on Monday, October 7th. Truist Financial lifted their price target on AMETEK from $219.00 to $221.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Robert W. Baird lifted their price objective on shares of AMETEK from $166.00 to $186.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Wolfe Research upgraded shares of AMETEK to a "hold" rating in a research note on Wednesday, September 18th. Finally, KeyCorp boosted their price target on AMETEK from $205.00 to $215.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $199.29.

Insiders Place Their Bets

In related news, insider Emanuela Speranza sold 6,747 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $195.90, for a total value of $1,321,737.30. Following the sale, the insider now owns 30,460 shares of the company's stock, valued at approximately $5,967,114. This represents a 18.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tony J. Ciampitti sold 16,210 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total value of $3,193,532.10. Following the transaction, the insider now directly owns 49,490 shares of the company's stock, valued at $9,750,024.90. The trade was a 24.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,660 shares of company stock worth $5,958,141. 0.61% of the stock is owned by corporate insiders.

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.