Wilmington Savings Fund Society FSB Buys Shares of 13,605 AMETEK, Inc. (NYSE:AME)

Wilmington Savings Fund Society FSB purchased a new position in AMETEK, Inc. (NYSE:AME - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,605 shares of the technology company's stock, valued at approximately $2,336,000.

A number of other institutional investors have also made changes to their positions in AME. Itau Unibanco Holding S.A. boosted its holdings in AMETEK by 62.6% during the third quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company's stock worth $34,000 after buying an additional 77 shares during the last quarter. Family Firm Inc. bought a new position in AMETEK during the 2nd quarter worth approximately $39,000. Industrial Alliance Investment Management Inc. acquired a new position in AMETEK during the second quarter valued at approximately $42,000. Princeton Global Asset Management LLC bought a new stake in AMETEK in the third quarter valued at approximately $44,000. Finally, Anchor Investment Management LLC raised its holdings in AMETEK by 366.1% in the third quarter. Anchor Investment Management LLC now owns 261 shares of the technology company's stock worth $45,000 after purchasing an additional 205 shares during the period. 87.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on AME shares. KeyCorp upped their price objective on shares of AMETEK from $205.00 to $215.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. StockNews.com upgraded AMETEK from a "hold" rating to a "buy" rating in a report on Wednesday, December 4th. Wolfe Research upgraded AMETEK to a "hold" rating in a report on Wednesday, September 18th. Robert W. Baird upped their price target on shares of AMETEK from $166.00 to $186.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Finally, Truist Financial increased their price objective 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, AMETEK currently has an average rating of "Moderate Buy" and a consensus price target of $199.29.

Insider Activity at AMETEK

In related news, insider Tony J. Ciampitti sold 16,210 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $197.01, for a total value of $3,193,532.10. Following the transaction, the insider now owns 49,490 shares in the company, valued at approximately $9,750,024.90. This represents a 24.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven W. Kohlhagen sold 1,460 shares of the firm'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 transaction of $250,521.40. Following the sale, the director now owns 23,349 shares of the company's stock, valued at $4,006,454.91. This trade represents a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,660 shares of company stock valued at $5,958,141. 0.61% of the stock is owned by corporate insiders.

AMETEK Stock Down 0.6 %

AME traded down $1.07 during trading hours on Friday, hitting $187.38. 827,104 shares of the company's stock were exchanged, compared to its average volume of 1,149,380. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18. AMETEK, Inc. has a 1-year low of $149.03 and a 1-year high of $198.33. The stock's 50-day moving average is $183.21 and its two-hundred day moving average is $173.04. The stock has a market cap of $43.34 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 3.08 and a beta of 1.15.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the business posted $1.64 EPS. The company's quarterly revenue was up 5.3% on a year-over-year basis. Sell-side analysts predict that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

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 0.60%. The ex-dividend date of this dividend is Friday, December 6th. AMETEK's payout ratio is presently 19.51%.

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.