1,320 Shares in AMETEK, Inc. (NYSE:AME) Bought by RDA Financial Network

RDA Financial Network bought a new stake in shares of AMETEK, Inc. (NYSE:AME) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,320 shares of the technology company’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Banque Transatlantique SA purchased a new stake in shares of AMETEK during the 4th quarter worth approximately $37,000. OFI Invest Asset Management purchased a new stake in AMETEK during the fourth quarter valued at $43,000. Minot DeBlois Advisors LLC bought a new position in AMETEK during the fourth quarter valued at $43,000. Quent Capital LLC grew its stake in shares of AMETEK by 60.9% in the 4th quarter. Quent Capital LLC now owns 251 shares of the technology company’s stock worth $45,000 after buying an additional 95 shares in the last quarter. Finally, Ancora Advisors LLC grew its stake in shares of AMETEK by 15,950.0% in the 4th quarter. Ancora Advisors LLC now owns 321 shares of the technology company’s stock worth $58,000 after buying an additional 319 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AME has been the subject of several analyst reports. Robert W. Baird decreased their price objective on shares of AMETEK from $197.00 to $190.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Truist Financial boosted their price objective on AMETEK from $196.00 to $200.00 and gave the company a “buy” rating in a report on Monday, May 5th. Royal Bank of Canada upped their price objective on AMETEK from $194.00 to $201.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Mizuho set a $212.00 target price on AMETEK in a research report on Friday, May 16th. Finally, Wall Street Zen upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AMETEK currently has an average rating of “Moderate Buy” and a consensus price target of $197.89.

Insider Activity

In other news, Director Thomas A. Amato sold 710 shares of the firm’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $176.64, for a total value of $125,414.40. Following the sale, the director now directly owns 10,560 shares in the company, valued at approximately $1,865,318.40. This trade represents a 6.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.57% of the company’s stock.

AMETEK Stock Performance

AME stock opened at $178.44 on Monday. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year high of $198.33. The business has a 50-day moving average price of $169.22 and a 200 day moving average price of $178.68. The company has a market capitalization of $41.20 billion, a P/E ratio of 30.09, a PEG ratio of 2.73 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.24 and a quick ratio of 0.75.

AMETEK (NYSE:AME) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.69 by $0.06. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the business posted $1.64 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. As a group, equities research analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.69%. AMETEK’s dividend payout ratio is presently 20.29%.

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.