Circle Wealth Management LLC trimmed its stake in AMETEK, Inc. (NYSE:AME) by 11.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,993 shares of the technology company’s stock after selling 8,500 shares during the quarter. AMETEK comprises about 1.8% of Circle Wealth Management LLC’s holdings, making the stock its 9th biggest position. Circle Wealth Management LLC’s holdings in AMETEK were worth $4,855,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of AME. Acropolis Investment Management LLC acquired a new stake in AMETEK in the fourth quarter worth $108,000. Zions Bancorporation acquired a new stake in AMETEK in the third quarter worth $150,000. BB&T Investment Services Inc. grew its holdings in AMETEK by 42.6% in the third quarter. BB&T Investment Services Inc. now owns 2,633 shares of the technology company’s stock worth $179,000 after purchasing an additional 786 shares during the period. 180 Wealth Advisors LLC acquired a new stake in AMETEK in the fourth quarter worth $200,000. Finally, First Allied Advisory Services Inc. acquired a new stake in AMETEK in the fourth quarter worth $207,000. Institutional investors and hedge funds own 86.10% of the company’s stock.
AMETEK, Inc. (AME) opened at $78.35 on Tuesday. AMETEK, Inc. has a 12 month low of $52.42 and a 12 month high of $79.10. The firm has a market cap of $18,226.85, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 2.25 and a beta of 1.27. The company has a quick ratio of 1.22, a current ratio of 1.70 and a debt-to-equity ratio of 0.46.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 16th will be given a dividend of $0.14 per share. This is a positive change from AMETEK’s previous quarterly dividend of $0.09. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Thursday, March 15th. AMETEK’s dividend payout ratio (DPR) is presently 12.24%.
In related news, Director Steven W. Kohlhagen sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $78.31, for a total transaction of $391,550.00. Following the transaction, the director now directly owns 49,298 shares of the company’s stock, valued at $3,860,526.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Wesley Hardin sold 25,965 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $78.50, for a total transaction of $2,038,252.50. Following the transaction, the insider now directly owns 85,663 shares in the company, valued at $6,724,545.50. The disclosure for this sale can be found here. Insiders have sold 74,604 shares of company stock worth $5,742,548 over the last three months. 2.10% of the stock is owned by insiders.
A number of research analysts have weighed in on AME shares. Cowen reaffirmed a “buy” rating and issued a $80.00 price objective on shares of AMETEK in a research note on Friday, December 22nd. Oppenheimer reaffirmed a “buy” rating and issued a $75.00 price objective on shares of AMETEK in a research note on Thursday, December 21st. BMO Capital Markets reaffirmed a “buy” rating and issued a $80.00 price objective on shares of AMETEK in a research note on Monday, December 11th. Stifel Nicolaus reaffirmed a “buy” rating on shares of AMETEK in a research note on Monday, December 11th. Finally, Zacks Investment Research raised shares of AMETEK from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Monday, November 13th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. AMETEK presently has an average rating of “Buy” and a consensus target price of $81.64.
AMETEK Company Profile
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.
Receive News & Ratings for AMETEK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMETEK and related companies with MarketBeat.com's FREE daily email newsletter.