Thrivent Financial for Lutherans Has $26.70 Million Stake in AMETEK, Inc. (NYSE:AME)

Thrivent Financial for Lutherans lessened its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 19.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 155,496 shares of the technology company's stock after selling 36,433 shares during the period. Thrivent Financial for Lutherans owned 0.07% of AMETEK worth $26,700,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Family Firm Inc. purchased a new position in shares of AMETEK during the 2nd quarter worth about $39,000. Industrial Alliance Investment Management Inc. acquired a new position in shares of AMETEK in the 2nd quarter worth approximately $42,000. Princeton Global Asset Management LLC acquired a new stake in AMETEK during the 3rd quarter worth about $44,000. Crewe Advisors LLC lifted 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 acquiring an additional 184 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in shares of AMETEK in the second quarter worth $50,000. 87.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the business's stock in a transaction that occurred on Wednesday, September 25th. The stock was 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 directly owns 23,349 shares in the company, valued at approximately $4,006,454.91. The trade was a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David F. Hermance sold 6,243 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $190.99, for a total value of $1,192,350.57. Following the sale, the insider now 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 ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.

AMETEK Trading Down 0.1 %

Shares of NYSE AME traded down $0.16 during midday trading on Wednesday, reaching $193.30. 473,766 shares of the stock were exchanged, compared to its average volume of 1,151,995. AMETEK, Inc. has a 12 month low of $149.03 and a 12 month high of $196.70. The company has a market capitalization of $44.71 billion, a price-to-earnings ratio of 33.70, a P/E/G ratio of 3.15 and a beta of 1.16. 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 business has a 50-day simple moving average of $174.74 and a two-hundred day simple moving average of $170.16.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings data 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 for 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 revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $1.64 earnings per share. As a group, equities research analysts expect that AMETEK, Inc. will post 6.81 EPS for the current year.

AMETEK Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, December 6th. AMETEK's payout ratio is presently 19.51%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Robert W. Baird boosted their target price on AMETEK from $166.00 to $186.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. TD Cowen cut shares of AMETEK from a "hold" rating to a "sell" rating in a report on Monday, October 7th. Truist Financial boosted their target price on shares of AMETEK from $219.00 to $221.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Royal Bank of Canada dropped their price objective on shares of AMETEK from $216.00 to $215.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. Finally, StockNews.com lowered shares of AMETEK from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. One 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $197.86.

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.