AMETEK, Inc. (NYSE:AME) Shares Bought by HM Payson & Co.

HM Payson & Co. boosted its holdings in shares of AMETEK, Inc. (NYSE:AMEFree Report) by 3.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 526,832 shares of the technology company’s stock after purchasing an additional 19,873 shares during the period. AMETEK comprises approximately 1.6% of HM Payson & Co.’s investment portfolio, making the stock its 16th biggest holding. HM Payson & Co.’s holdings in AMETEK were worth $90,462,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Davis Rea LTD. acquired a new position in AMETEK during the third quarter valued at $859,000. Catalyst Financial Partners LLC purchased a new stake in shares of AMETEK during the third quarter worth about $202,000. Financial Advocates Investment Management increased its stake in shares of AMETEK by 5.9% during the third quarter. Financial Advocates Investment Management now owns 2,183 shares of the technology company’s stock worth $375,000 after purchasing an additional 122 shares in the last quarter. First Trust Direct Indexing L.P. increased its stake in shares of AMETEK by 28.4% during the third quarter. First Trust Direct Indexing L.P. now owns 8,781 shares of the technology company’s stock worth $1,508,000 after purchasing an additional 1,941 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of AMETEK during the third quarter worth about $167,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AMETEK

In other AMETEK news, Director Steven W. Kohlhagen sold 1,460 shares of the firm’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 transaction, the director now directly owns 23,349 shares of the company’s stock, valued at approximately $4,006,454.91. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Truist Financial boosted their target price on shares of AMETEK from $201.00 to $219.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd. Mizuho upped their price objective on shares of AMETEK from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Robert W. Baird dropped their price objective on shares of AMETEK from $171.00 to $166.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, TD Cowen cut shares of AMETEK from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $193.29.

Check Out Our Latest Report on AMETEK

AMETEK Trading Up 7.6 %

NYSE:AME traded up $12.85 on Thursday, hitting $181.76. The stock had a trading volume of 109,027 shares, compared to its average volume of 1,128,610. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 0.20. The stock has a market cap of $42.07 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 2.77 and a beta of 1.17. The company has a fifty day moving average price of $168.59 and a two-hundred day moving average price of $168.90. AMETEK, Inc. has a 1-year low of $136.89 and a 1-year high of $186.32.

AMETEK (NYSE:AMEGet Free Report) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.64 by $0.02. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the business posted $1.57 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts expect that AMETEK, Inc. will post 6.76 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were 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 was Monday, September 16th. AMETEK’s dividend payout ratio is presently 19.68%.

About AMETEK

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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