AMETEK, Inc. $AME Stock: StoneX Group Inc. Decreases Position

StoneX Group Inc. trimmed its stake in AMETEK, Inc. (NYSE:AME – Free Report) by 69.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,919 shares of the technology company’s stock after selling 23,089 shares during the period. StoneX Group Inc.’s holdings in AMETEK were worth $2,446,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Frazier Financial Advisors LLC bought a new position in shares of AMETEK during the 2nd quarter valued at approximately $25,000. Fiduciary Financial Advisors purchased a new stake in AMETEK during the 2nd quarter valued at $27,000. Elevation Wealth Partners LLC raised its holdings in AMETEK by 239.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 129 shares of the technology company’s stock valued at $31,000 after buying an additional 91 shares during the period. GK Wealth Management LLC bought a new stake in AMETEK in the third quarter worth $36,000. Finally, NFSG Corp bought a new stake in AMETEK in the third quarter worth $48,000. 87.43% of the stock is owned by institutional investors.

AMETEK Price Performance

Shares of AME stock opened at $228.40 on Monday. AMETEK, Inc. has a twelve month low of $188.47 and a twelve month high of $261.16. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $242.89 and a two-hundred day simple moving average of $234.62. The stock has a market capitalization of $52.38 billion, a price-to-earnings ratio of 32.21, a P/E/G ratio of 2.04 and a beta of 0.96.

AMETEK (NYSE:AME – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The technology company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.11 by $0.10. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.12 billion. AMETEK had a return on equity of 17.12% and a net margin of 19.91%. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.89 earnings per share. On average, analysts predict that AMETEK, Inc. will post 8.59 EPS for the current fiscal year.

AMETEK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, December 4th. AMETEK’s dividend payout ratio is presently 19.18%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. KeyCorp lifted their price objective on shares of AMETEK from $260.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Rothschild & Co Redburn increased their target price on shares of AMETEK from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. BMO Capital Markets increased their target price on shares of AMETEK from $262.00 to $282.00 in a research note on Wednesday, August 5th. BNP Paribas Exane raised their target price on shares of AMETEK from $280.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, September 11th. Finally, Weiss Ratings cut shares of AMETEK from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, November 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $278.06.

View Our Latest Stock Analysis on AME

Key Headlines Impacting AMETEK

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AMETEK Profile

(Free Report)

AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical products. Its businesses serve a range of markets, including aerospace, energy, industrial manufacturing, medical, and transportation.

The company’s products include analytical and process instruments, monitoring and measurement systems, aerospace components, precision motors and pumps, and engineered materials. AMETEK organizes its operations into two groups: Electronic Instruments and Electromechanical.

Founded in 1930, AMETEK serves customers around the world through manufacturing facilities, sales offices, and service operations in multiple countries.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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