Insiders at AMETEK, Inc. have sold millions of dollars worth of company stock over the past few months. In February, Ronald J. Oscher sold 6,500 shares worth nearly $944,320, and Director Gretchen W. McClain sold 2,720 shares worth $382,486 in December. Insiders sold a total of 17,440 shares, valued at $2,507,660, during the last quarter. Currently, insiders own 0.72% of the company’s stock.
AMETEK is a manufacturer of electronic instruments and electromechanical devices, and it operates in two segments: Electronic Instruments and Electromechanical. The company designs and produces advanced instruments for the process, aerospace, power, and industrial markets.
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Massmutual Trust Co. FSB ADV Reduces Stake in AMETEK, Inc.
Massmutual Trust Co. FSB ADV has reduced its holdings in AMETEK, Inc. (NYSE:AME – Get Rating) by 6.1% during the fourth quarter, according to the company’s latest disclosure. The financial institution sold 177 shares, leaving it with a smaller stake in the technology company.
Other institutional investors have also made changes to their holdings in AMETEK recently. Robeco Institutional Asset Management B.V. increased its stake by 10.3% during the third quarter, while Teachers Retirement System of The State of Kentucky and Power Corp of Canada both bought new positions in the company. Additionally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in AMETEK by 2.1%, and Captrust Financial Advisors increased its stake by 20.1% during the third quarter. Overall, institutional investors currently own 85.42% of AMETEK’s stock.
Shares of NYSE AME opened at $134.99 on Friday, with the business’s 50-day moving average price at $142.72 and its 200-day moving average price at $134.30. AMETEK has a market capitalization of $31.09 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 2.54, and a beta of 1.22. The company has a quick ratio of 0.95, a current ratio of 1.62, and a debt-to-equity ratio of 0.29. In the last twelve months, the stock’s lowest price was $106.17, and the highest was $148.06.
AMETEK Announces Strong Q4 Earnings, Increases Dividend
AMETEK, Inc. (NYSE:AME – Get Rating) reported earnings of $1.52 per share for the fourth quarter, beating analysts’ consensus estimates of $1.47 per share by $0.05. The technology company’s revenue for the quarter was $1.63 billion, compared to the consensus estimate of $1.59 billion. AMETEK had a net margin of 18.85% and a return on equity of 18.46%. In the same quarter the previous year, AMETEK reported earnings per share of $1.37. The company’s revenue increased by 8.7% compared to the same quarter last year. The consensus estimate is that AMETEK will post 5.98 EPS for the current year.
AMETEK Increases Dividend
AMETEK recently announced a quarterly dividend of $0.25 to be paid on March 31st to stockholders of record on March 10th. The dividend represents a $1.00 annualized dividend and a dividend yield of 0.74%. This is an increase from the company’s previous quarterly dividend of $0.22, and the ex-dividend date of this dividend is Thursday, March 9th. AMETEK’s dividend payout ratio is currently 19.96%.
Analyst Ratings Changes
Several analysts recently commented on AMETEK. KeyCorp boosted their price target on the company from $145.00 to $165.00 and gave it an “overweight” rating in a report on Monday, November 21st. StockNews.com assumed coverage on AMETEK and issued a “buy” rating. Morgan Stanley boosted their price target from $152.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. Loop Capital boosted their price target on AMETEK from $160.00 to $164.00 in a report on Thursday, January 12th. Finally, Wolfe Research lowered AMETEK from an “outperform” rating to a “peer perform” rating in a report on Thursday, February 23rd. Three equities research analysts have given the stock a hold rating, while seven have given it a buy rating. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $151.11.
Insider Activity
There is no information about insider activity for AMETEK in this article.
AMETEK Insiders Sell Shares Worth Millions
Insiders at AMETEK, Inc. (NYSE:AME – Get Rating) have sold a significant number of shares in the company in the past few months. On February 15th, Ronald J. Oscher sold 6,500 shares at an average price of $145.28, worth $944,320. Following the sale, Oscher owns 28,563 shares of the company’s stock, worth $4,149,632.64. Earlier, on December 28th, Director Gretchen W. McClain sold 2,720 shares of the company’s stock at an average price of $140.62, totaling $382,486.40. Following the sale, McClain owns 14,704 shares of the company’s stock, worth $2,067,676.48. In total, insiders have sold 17,440 shares of AMETEK’s stock valued at $2,507,660 over the last quarter. Insiders currently own 0.72% of the company’s stock.
About AMETEK
AMETEK, Inc. is a manufacturer of electronic instruments and electromechanical devices. The company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). The EIG segment designs and manufactures advanced instruments for the process, aerospace, power, and industrial markets.
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