AMETEK, Inc. (NYSE:AME) Shares Bought by FORA Capital LLC

FORA Capital LLC increased its stake in AMETEK, Inc. (NYSE:AME) by 395.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,039 shares of the technology company’s stock after acquiring an additional 20,780 shares during the quarter. FORA Capital LLC’s holdings in AMETEK were worth $4,471,000 at the end of the most recent quarter.

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

AMETEK Stock Down 0.4 %

AME traded down $0.72 during midday trading on Wednesday, hitting $196.30. 70,582 shares of the company’s stock traded hands, compared to its average volume of 1,151,176. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. The company has a market cap of $45.41 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 3.22 and a beta of 1.16. The stock’s fifty day simple moving average is $177.61 and its 200-day simple moving average is $171.09. AMETEK, Inc. has a one year low of $149.03 and a one year high of $198.33.

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

AMETEK Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. TD Cowen lowered AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Truist Financial increased their price objective on AMETEK from $219.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Redburn Atlantic upgraded shares of AMETEK to a “strong-buy” rating in a report on Friday, August 2nd. Finally, Robert W. Baird boosted their price objective 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, AMETEK currently has an average rating of “Moderate Buy” and a consensus target price of $199.29.

Insider Activity

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the transaction, the director now directly owns 23,349 shares in the company, valued at approximately $4,006,454.91. This trade represents a 5.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Tony J. Ciampitti sold 16,210 shares of the business’s stock in a transaction on 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 directly owns 49,490 shares of the company’s stock, valued at approximately $9,750,024.90. This represents a 24.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,913 shares of company stock valued at $4,636,404. Insiders own 0.61% of the company’s stock.

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.