Wendell David Associates Inc. Has $346,000 Stock Holdings in AMETEK, Inc. (NYSE:AME)

Wendell David Associates Inc. grew its position in AMETEK, Inc. (NYSE:AMEFree Report) by 27.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,100 shares of the technology company’s stock after purchasing an additional 450 shares during the period. Wendell David Associates Inc.’s holdings in AMETEK were worth $346,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of AMETEK during the fourth quarter worth $25,000. Bruce G. Allen Investments LLC acquired a new stake in shares of AMETEK during the fourth quarter worth $28,000. Resurgent Financial Advisors LLC acquired a new stake in shares of AMETEK during the fourth quarter worth $28,000. Covestor Ltd raised its holdings in shares of AMETEK by 84.3% during the first quarter. Covestor Ltd now owns 212 shares of the technology company’s stock worth $28,000 after acquiring an additional 97 shares during the period. Finally, Quarry LP acquired a new stake in shares of AMETEK during the first quarter worth $35,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO William Joseph Burke sold 17,437 shares of AMETEK stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $168.51, for a total transaction of $2,938,308.87. Following the completion of the sale, the chief financial officer now owns 101,709 shares of the company’s stock, valued at approximately $17,138,983.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO William Joseph Burke sold 17,437 shares of AMETEK stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $168.51, for a total transaction of $2,938,308.87. Following the completion of the sale, the chief financial officer now owns 101,709 shares of the company’s stock, valued at approximately $17,138,983.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven W. Kohlhagen sold 1,400 shares of AMETEK stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $180.59, for a total transaction of $252,826.00. Following the completion of the sale, the director now owns 28,054 shares of the company’s stock, valued at approximately $5,066,271.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 59,881 shares of company stock valued at $10,689,758. Company insiders own 0.61% of the company’s stock.

AMETEK Stock Performance

Shares of AME opened at $180.50 on Tuesday. The firm has a 50-day moving average of $175.11 and a 200-day moving average of $161.46. AMETEK, Inc. has a one year low of $133.12 and a one year high of $186.32. The company has a market cap of $41.73 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 2.92 and a beta of 1.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.98 and a quick ratio of 0.59.

AMETEK (NYSE:AMEGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.06. AMETEK had a net margin of 19.91% and a return on equity of 17.96%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the firm posted $1.52 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities analysts forecast that AMETEK, Inc. will post 6.82 earnings per share for the current year.

AMETEK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were issued a dividend of $0.28 per share. This is an increase from AMETEK’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, March 7th. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. AMETEK’s payout ratio is presently 19.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Truist Financial started coverage on shares of AMETEK in a report on Thursday, March 14th. They set a “buy” rating and a $210.00 price objective on the stock. KeyCorp lifted their price target on shares of AMETEK from $182.00 to $205.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. StockNews.com lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. Finally, Royal Bank of Canada lowered their price target on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, AMETEK presently has a consensus rating of “Moderate Buy” and an average price target of $180.78.

Get Our Latest Research Report on AME

AMETEK Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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