FSM Wealth Advisors LLC Has $915,000 Holdings in AMETEK, Inc. (NYSE:AME)

FSM Wealth Advisors LLC grew its holdings in shares of AMETEK, Inc. (NYSE:AME) by 8.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,806 shares of the technology company’s stock after purchasing an additional 467 shares during the period. FSM Wealth Advisors LLC’s holdings in AMETEK were worth $915,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AME. Cambridge Investment Research Advisors Inc. boosted its position in shares of AMETEK by 9.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,306 shares of the technology company’s stock worth $573,000 after acquiring an additional 376 shares in the last quarter. Lord Abbett & CO. LLC boosted its position in shares of AMETEK by 12.7% during the 1st quarter. Lord Abbett & CO. LLC now owns 84,481 shares of the technology company’s stock worth $11,251,000 after acquiring an additional 9,510 shares in the last quarter. Prudential PLC acquired a new stake in shares of AMETEK during the 1st quarter worth approximately $591,000. Cetera Investment Advisers boosted its position in shares of AMETEK by 45.1% during the 1st quarter. Cetera Investment Advisers now owns 2,974 shares of the technology company’s stock worth $396,000 after acquiring an additional 924 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in AMETEK by 41.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,379 shares of the technology company’s stock valued at $316,000 after purchasing an additional 700 shares during the last quarter. Institutional investors and hedge funds own 85.70% of the company’s stock.

AMETEK Stock Up 1.2 %

NYSE:AME traded up $1.89 during trading hours on Monday, reaching $153.52. The company had a trading volume of 506,646 shares, compared to its average volume of 964,557. The company has a quick ratio of 1.34, a current ratio of 2.16 and a debt-to-equity ratio of 0.27. The firm has a market cap of $35.42 billion, a price-to-earnings ratio of 28.66, a P/E/G ratio of 2.67 and a beta of 1.22. The business’s 50-day simple moving average is $157.24 and its two-hundred day simple moving average is $149.44. AMETEK, Inc. has a twelve month low of $110.87 and a twelve month high of $164.75.

AMETEK (NYSE:AME) last posted its quarterly earnings results on Tuesday, August 1st. The technology company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. AMETEK had a net margin of 19.23% and a return on equity of 18.32%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $1.38 earnings per share. On average, equities analysts expect that AMETEK, Inc. will post 6.25 earnings per share for the current year.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Wednesday, September 13th. AMETEK’s dividend payout ratio is currently 18.73%.

Insider Activity

In other news, CFO William Joseph Burke sold 33,930 shares of AMETEK stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $160.29, for a total transaction of $5,438,639.70. Following the completion of the transaction, the chief financial officer now directly owns 101,937 shares in the company, valued at $16,339,481.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO William Joseph Burke sold 33,930 shares of AMETEK stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $160.29, for a total transaction of $5,438,639.70. Following the completion of the transaction, the chief financial officer now directly owns 101,937 shares in the company, valued at $16,339,481.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven W. Kohlhagen sold 1,645 shares of AMETEK stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $152.74, for a total transaction of $251,257.30. Following the transaction, the director now owns 30,264 shares of the company’s stock, valued at $4,622,523.36. The disclosure for this sale can be found here. Insiders sold 37,140 shares of company stock worth $5,940,876 over the last three months. 0.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on AME shares. Mizuho increased their price objective on shares of AMETEK from $161.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Royal Bank of Canada raised their price target on shares of AMETEK from $174.00 to $182.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Seaport Res Ptn reaffirmed a “buy” rating on shares of AMETEK in a research note on Monday, August 7th. DA Davidson increased their price objective on shares of AMETEK from $177.00 to $180.00 in a research report on Thursday, June 8th. Finally, KeyCorp increased their price objective on shares of AMETEK from $165.00 to $176.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, AMETEK has an average rating of “Moderate Buy” and a consensus price target of $175.29.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. It operates in two segments, Electronic Instruments (EIG) and Electromechanical (EMG). 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; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets.Its EMG segment offers engineered electrical connectors and electronics packaging to protect sensitive devices and mission-critical electronics; precision motion control products for data storage, medical devices, business equipment, automation, and other applications; high-purity powdered metals, strips and foils, specialty clad metals, and metal matrix composites; motor-blower systems and heat exchangers for use in thermal management, military, commercial aircraft, and military ground vehicles; and motors for use in commercial appliances, fitness equipment, food and beverage machines, hydraulic pumps, and industrial blowers.