AMETEK, Inc. (NYSE:AME) Shares Sold by XTX Topco Ltd

XTX Topco Ltd cut its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 87.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,493 shares of the technology company's stock after selling 10,252 shares during the quarter. XTX Topco Ltd's holdings in AMETEK were worth $256,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. boosted its holdings in shares of AMETEK by 62.6% in the 3rd 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 during the last quarter. Family Firm Inc. acquired a new stake in AMETEK during the 2nd quarter worth about $39,000. Industrial Alliance Investment Management Inc. purchased a new position in shares of AMETEK during the 2nd quarter valued at about $42,000. Princeton Global Asset Management LLC acquired a new position in shares of AMETEK in the 3rd quarter valued at about $44,000. Finally, Crewe Advisors LLC grew its holdings in AMETEK by 168.8% during the second quarter. Crewe Advisors LLC now owns 293 shares of the technology company's stock worth $49,000 after acquiring an additional 184 shares during the period. 87.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Analyst Ratings Changes

AME has been the subject of a number of recent analyst reports. Bank of America raised shares of AMETEK from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $195.00 to $225.00 in a report on Monday. Mizuho lifted their price target on AMETEK from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. StockNews.com downgraded AMETEK from a "buy" rating to a "hold" rating in a research report on Monday. Wolfe Research raised AMETEK to a "hold" rating in a report on Wednesday, September 18th. Finally, KeyCorp upped their target price on AMETEK from $205.00 to $215.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $202.50.

AMETEK Trading Up 0.7 %

Shares of AME stock traded up $1.35 during trading hours on Thursday, hitting $182.11. The company had a trading volume of 1,416,046 shares, compared to its average volume of 1,149,872. AMETEK, Inc. has a fifty-two week low of $149.03 and a fifty-two week high of $198.33. The company's fifty day moving average is $184.57 and its 200 day moving average is $173.51. The stock has a market capitalization of $42.12 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 3.08 and a beta of 1.15. 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 (NYSE:AME - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, beating 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 firm had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the previous year, the business posted $1.64 earnings per share. The business's quarterly revenue was up 5.3% compared to the same quarter last year. Research analysts expect that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The company also recently disclosed 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 dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, December 6th. AMETEK's dividend payout ratio is presently 19.51%.

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.