Brooklyn Investment Group Buys 87 Shares of AMETEK, Inc. (NYSE:AME)

Brooklyn Investment Group raised its position in AMETEK, Inc. (NYSE:AME) by 5.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,567 shares of the technology company’s stock after purchasing an additional 87 shares during the period. Brooklyn Investment Group’s holdings in AMETEK were worth $269,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Family Firm Inc. acquired a new position in shares of AMETEK in the 2nd quarter valued at about $39,000. Industrial Alliance Investment Management Inc. acquired a new stake in shares of AMETEK during the 2nd quarter worth approximately $42,000. Princeton Global Asset Management LLC bought a new stake in shares of AMETEK in the 3rd quarter valued at $44,000. Crewe Advisors LLC lifted its position in shares of AMETEK by 168.8% during the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock valued at $49,000 after acquiring an additional 184 shares during the period. Finally, First Command Advisory Services Inc. bought a new position in AMETEK during the second quarter worth $50,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AME has been the subject of several research reports. KeyCorp raised their target price on AMETEK from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Mizuho upped their target price on AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Robert W. Baird lifted their price target on shares of AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Redburn Atlantic upgraded shares of AMETEK to a “strong-buy” rating in a report on Friday, August 2nd. Finally, Truist Financial boosted their target price on shares of AMETEK from $219.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AMETEK presently has an average rating of “Moderate Buy” and an average price target of $199.29.

AMETEK Stock Up 0.0 %

AMETEK stock opened at $197.13 on Wednesday. AMETEK, Inc. has a fifty-two week low of $149.03 and a fifty-two week high of $198.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. The firm’s 50-day simple moving average is $177.61 and its 200 day simple moving average is $171.09. The stock has a market cap of $45.60 billion, a PE ratio of 34.34, a price-to-earnings-growth ratio of 3.22 and a beta of 1.16.

AMETEK (NYSE:AME) last announced its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.64 EPS. Research analysts predict that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, December 6th. AMETEK’s dividend payout ratio is presently 19.51%.

Insider Transactions at AMETEK

In related news, insider David F. Hermance sold 6,243 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $190.99, for a total value of $1,192,350.57. Following the sale, the insider now directly owns 36,731 shares in the company, valued at approximately $7,015,253.69. The trade was a 14.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tony J. Ciampitti sold 16,210 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the transaction, the insider now owns 49,490 shares of the company’s stock, valued at $9,750,024.90. This represents a 24.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,913 shares of company stock worth $4,636,404 in the last ninety days. Company insiders own 0.61% of the company’s stock.

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.