Accurate Wealth Management LLC cut its position in AMETEK, Inc. (NYSE:AME – Free Report) by 35.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,746 shares of the technology company’s stock after selling 5,385 shares during the quarter. Accurate Wealth Management LLC’s holdings in AMETEK were worth $2,053,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Net Worth Advisory Group increased its holdings in AMETEK by 14.0% in the 4th quarter. Net Worth Advisory Group now owns 3,610 shares of the technology company’s stock worth $741,000 after purchasing an additional 444 shares in the last quarter. Capital Investment Advisors LLC acquired a new stake in AMETEK in the fourth quarter valued at $234,000. CoreCap Advisors LLC raised its position in AMETEK by 84.3% during the 4th quarter. CoreCap Advisors LLC now owns 129 shares of the technology company’s stock worth $26,000 after purchasing an additional 59 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in AMETEK by 2.9% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,816 shares of the technology company’s stock worth $373,000 after buying an additional 51 shares during the period. Finally, Norden Group LLC grew its position in shares of AMETEK by 21.7% in the 4th quarter. Norden Group LLC now owns 4,668 shares of the technology company’s stock valued at $958,000 after buying an additional 833 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.
AMETEK Trading Down 1.1%
AMETEK stock opened at $209.10 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.67 and a current ratio of 1.06. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $242.05. The stock has a market cap of $47.90 billion, a P/E ratio of 32.67, a PEG ratio of 3.02 and a beta of 1.02. The firm’s fifty day moving average price is $224.95 and its 200-day moving average price is $205.85.
AMETEK Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, March 16th. This is a positive change from AMETEK’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a dividend yield of 0.7%. AMETEK’s payout ratio is presently 21.25%.
Analyst Ratings Changes
Several equities research analysts recently commented on AME shares. Melius Research set a $235.00 target price on AMETEK in a research note on Monday, January 5th. DA Davidson reissued a “buy” rating and issued a $240.00 price objective on shares of AMETEK in a research note on Wednesday, February 4th. Weiss Ratings restated a “buy (b)” rating on shares of AMETEK in a report on Wednesday, January 21st. Wall Street Zen raised AMETEK from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. Finally, Robert W. Baird set a $245.00 price target on AMETEK in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, AMETEK currently has an average rating of “Moderate Buy” and an average price target of $245.50.
Get Our Latest Stock Report on AME
Insider Buying and Selling at AMETEK
In related news, Director Thomas A. Amato sold 530 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $216.78, for a total value of $114,893.40. Following the sale, the director directly owned 4,480 shares of the company’s stock, valued at $971,174.40. This trade represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.54% of the company’s stock.
About AMETEK
AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.
The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.
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