AMETEK, Inc. (NYSE:AME) Director Elizebeth R. Varet sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $75.85, for a total transaction of $227,550.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of AMETEK, Inc. (NYSE AME) opened at $76.55 on Friday. The firm has a market cap of $17,692.01, a PE ratio of 29.33, a PEG ratio of 2.19 and a beta of 1.32. The company has a quick ratio of 1.22, a current ratio of 1.70 and a debt-to-equity ratio of 0.46. AMETEK, Inc. has a fifty-two week low of $52.42 and a fifty-two week high of $78.51.
AMETEK (NYSE:AME) last issued its earnings results on Thursday, February 1st. The technology company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.03. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.09 billion. AMETEK had a net margin of 15.85% and a return on equity of 16.39%. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share. sell-side analysts expect that AMETEK, Inc. will post 3.04 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 16th will be issued a $0.14 dividend. This is an increase from AMETEK’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, March 15th. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. AMETEK’s payout ratio is presently 12.24%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in shares of AMETEK by 47.5% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 13,350 shares of the technology company’s stock valued at $967,000 after purchasing an additional 4,300 shares during the period. CapWealth Advisors LLC lifted its stake in shares of AMETEK by 2.9% in the fourth quarter. CapWealth Advisors LLC now owns 35,215 shares of the technology company’s stock valued at $2,552,000 after purchasing an additional 985 shares during the period. MetLife Investment Advisors LLC acquired a new stake in shares of AMETEK in the fourth quarter valued at about $5,182,000. MainStreet Investment Advisors LLC acquired a new stake in shares of AMETEK in the fourth quarter valued at about $875,000. Finally, Glenmede Trust Co. NA lifted its stake in shares of AMETEK by 16.2% in the fourth quarter. Glenmede Trust Co. NA now owns 437,971 shares of the technology company’s stock valued at $31,738,000 after purchasing an additional 61,002 shares during the period. Hedge funds and other institutional investors own 85.94% of the company’s stock.
Several brokerages have issued reports on AME. Morgan Stanley raised their price objective on shares of AMETEK from $67.00 to $76.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Zacks Investment Research raised shares of AMETEK from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research report on Monday, February 5th. BMO Capital Markets raised their price objective on shares of AMETEK from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. KeyCorp lifted their target price on shares of AMETEK from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $92.00 target price on shares of AMETEK in a report on Thursday, February 1st. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $81.64.
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AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets.
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