Sentry Investment Management LLC Sells 130 Shares of AMETEK, Inc. (NYSE:AME)

Sentry Investment Management LLC trimmed its holdings in shares of AMETEK, Inc. (NYSE:AME) by 9.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,206 shares of the technology company’s stock after selling 130 shares during the quarter. Sentry Investment Management LLC’s holdings in AMETEK were worth $199,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AME. Norges Bank bought a new position in shares of AMETEK during the 4th quarter worth approximately $509,944,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of AMETEK by 643.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,953,131 shares of the technology company’s stock worth $552,332,000 after buying an additional 3,421,558 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in shares of AMETEK by 39,681.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,827,569 shares of the technology company’s stock worth $255,348,000 after buying an additional 1,822,975 shares in the last quarter. Morgan Stanley boosted its holdings in shares of AMETEK by 93.2% during the 4th quarter. Morgan Stanley now owns 3,678,094 shares of the technology company’s stock worth $513,903,000 after buying an additional 1,774,651 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of AMETEK by 4.2% during the 1st quarter. BlackRock Inc. now owns 16,215,102 shares of the technology company’s stock worth $2,356,541,000 after buying an additional 658,629 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO William Joseph Burke sold 17,437 shares of AMETEK stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $168.51, for a total value of $2,938,308.87. Following the completion of the sale, the chief financial officer now owns 101,709 shares of the company’s stock, valued at approximately $17,138,983.59. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other AMETEK news, Director Steven W. Kohlhagen sold 1,400 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $180.59, for a total value of $252,826.00. Following the completion of the transaction, the director now owns 28,054 shares in the company, valued at approximately $5,066,271.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO William Joseph Burke sold 17,437 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $168.51, for a total value of $2,938,308.87. Following the completion of the transaction, the chief financial officer now owns 101,709 shares of the company’s stock, valued at approximately $17,138,983.59. The disclosure for this sale can be found here. Insiders sold a total of 59,881 shares of company stock valued at $10,689,758 in the last ninety days. 0.61% of the stock is currently owned by insiders.

AMETEK Trading Up 0.0 %

NYSE AME opened at $179.08 on Wednesday. The firm has a market capitalization of $41.41 billion, a P/E ratio of 31.58, a PEG ratio of 2.87 and a beta of 1.22. The business has a fifty day simple moving average of $178.82 and a 200 day simple moving average of $163.94. AMETEK, Inc. has a 12 month low of $133.12 and a 12 month high of $186.32. The company has a current ratio of 0.98, a quick ratio of 0.59 and a debt-to-equity ratio of 0.22.

AMETEK (NYSE:AME) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.06. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.73 billion. AMETEK had a return on equity of 17.96% and a net margin of 19.91%. AMETEK’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.52 EPS. On average, analysts predict that AMETEK, Inc. will post 6.82 EPS for the current fiscal year.

AMETEK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, March 7th. This is a positive change from AMETEK’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a dividend yield of 0.63%. AMETEK’s dividend payout ratio (DPR) is currently 19.75%.

Analyst Ratings Changes

A number of research firms have issued reports on AME. KeyCorp increased their price target on AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. Truist Financial initiated coverage on AMETEK in a report on Thursday, March 14th. They issued a “buy” rating and a $210.00 target price on the stock. Finally, Royal Bank of Canada cut their target price on AMETEK from $192.00 to $188.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $180.78.

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.