Cwm LLC Raises Position in AMETEK, Inc. (NYSE:AME)

Cwm LLC grew its holdings in shares of AMETEK, Inc. (NYSE:AME) by 53.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,594 shares of the technology company’s stock after purchasing an additional 3,711 shares during the period. Cwm LLC’s holdings in AMETEK were worth $1,766,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of AMETEK by 7.3% during the first quarter. EverSource Wealth Advisors LLC now owns 899 shares of the technology company’s stock valued at $157,000 after purchasing an additional 61 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of AMETEK by 6.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,040 shares of the technology company’s stock valued at $191,000 after purchasing an additional 64 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of AMETEK by 1.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,477 shares of the technology company’s stock valued at $636,000 after purchasing an additional 64 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of AMETEK by 0.5% during the fourth quarter. M&T Bank Corp now owns 15,442 shares of the technology company’s stock valued at $2,547,000 after purchasing an additional 73 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its holdings in shares of AMETEK by 4.4% during the first quarter. Avantax Advisory Services Inc. now owns 1,723 shares of the technology company’s stock valued at $315,000 after purchasing an additional 73 shares during the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

AMETEK Stock Performance

NYSE:AME traded down $0.37 during trading hours on Friday, reaching $158.48. The company had a trading volume of 140,443 shares, compared to its average volume of 1,117,677. The company has a current ratio of 1.26, a quick ratio of 0.66 and a debt-to-equity ratio of 0.20. AMETEK, Inc. has a 52 week low of $136.89 and a 52 week high of $186.32. The firm has a market cap of $36.68 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 2.57 and a beta of 1.18. The firm’s 50 day moving average price is $167.90 and its 200-day moving average price is $172.36.

AMETEK (NYSE:AME) last posted its earnings results on Thursday, August 1st. The technology company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the firm posted $1.57 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. On average, analysts forecast that AMETEK, Inc. will post 6.78 EPS for the current year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Monday, September 16th. AMETEK’s dividend payout ratio is presently 19.68%.

Insider Transactions at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,470 shares of AMETEK stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $170.20, for a total transaction of $250,194.00. Following the transaction, the director now owns 26,249 shares in the company, valued at approximately $4,467,579.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Steven W. Kohlhagen sold 1,440 shares of AMETEK stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $173.93, for a total transaction of $250,459.20. Following the transaction, the director now owns 24,809 shares in the company, valued at approximately $4,315,029.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven W. Kohlhagen sold 1,470 shares of AMETEK stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $170.20, for a total transaction of $250,194.00. Following the transaction, the director now owns 26,249 shares in the company, valued at approximately $4,467,579.80. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Oppenheimer upgraded shares of AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 target price for the company in a report on Wednesday, May 22nd. Truist Financial reduced their price target on shares of AMETEK from $204.00 to $201.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, TD Cowen reduced their price target on shares of AMETEK from $165.00 to $158.00 and set a “hold” rating for the company in a research report on Monday. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $186.29.

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.