AMETEK, Inc. (NYSE:AME) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC reduced its position in shares of AMETEK, Inc. (NYSE:AME) by 5.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,179 shares of the technology company’s stock after selling 302 shares during the period. Apollon Wealth Management LLC’s holdings in AMETEK were worth $854,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp increased its stake in shares of AMETEK by 0.5% in the 4th quarter. M&T Bank Corp now owns 15,442 shares of the technology company’s stock worth $2,547,000 after acquiring an additional 73 shares during the last quarter. Provence Wealth Management Group lifted its holdings in shares of AMETEK by 5.5% in the 4th quarter. Provence Wealth Management Group now owns 1,435 shares of the technology company’s stock worth $237,000 after acquiring an additional 75 shares during the last quarter. Metis Global Partners LLC boosted its position in shares of AMETEK by 0.5% during the 4th quarter. Metis Global Partners LLC now owns 15,934 shares of the technology company’s stock worth $2,627,000 after purchasing an additional 82 shares during the period. Lincoln National Corp increased its holdings in AMETEK by 6.1% in the 3rd quarter. Lincoln National Corp now owns 1,436 shares of the technology company’s stock valued at $212,000 after purchasing an additional 83 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in AMETEK by 4.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,919 shares of the technology company’s stock valued at $284,000 after purchasing an additional 85 shares during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at AMETEK

In other AMETEK news, Director Thomas A. Amato sold 780 shares of AMETEK stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $182.00, for a total transaction of $141,960.00. Following the completion of the transaction, the director now owns 10,240 shares in the company, valued at $1,863,680. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other AMETEK news, VP Thomas M. Montgomery sold 6,891 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $185.38, for a total transaction of $1,277,453.58. Following the transaction, the vice president now owns 21,543 shares of the company’s stock, valued at approximately $3,993,641.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas A. Amato sold 780 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $182.00, for a total value of $141,960.00. Following the transaction, the director now owns 10,240 shares in the company, valued at $1,863,680. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,881 shares of company stock valued at $10,689,758. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Royal Bank of Canada cut their price target on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. KeyCorp lifted 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. Truist Financial began coverage on shares of AMETEK in a report on Thursday, March 14th. They issued a “buy” rating and a $210.00 target price for the company. Robert W. Baird dropped their price target on AMETEK from $173.00 to $171.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, StockNews.com lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.80.

AMETEK Trading Up 0.4 %

NYSE:AME opened at $169.90 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.66 and a current ratio of 1.11. AMETEK, Inc. has a 1 year low of $136.89 and a 1 year high of $186.32. The stock has a fifty day moving average price of $179.07 and a two-hundred day moving average price of $166.70. The stock has a market capitalization of $39.33 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 2.66 and a beta of 1.21.

AMETEK (NYSE:AME) last issued its earnings results on Thursday, May 2nd. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.78 billion. AMETEK had a net margin of 19.57% and a return on equity of 17.74%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $1.49 earnings per share. As a group, sell-side analysts anticipate that AMETEK, Inc. will post 6.81 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.66%. AMETEK’s dividend payout ratio (DPR) is 19.68%.

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.