Tony J. Ciampitti Sells 9,534 Shares of AMETEK, Inc. (NYSE:AME) Stock

AMETEK, Inc. (NYSE:AME) insider Tony J. Ciampitti sold 9,534 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $97.14, for a total transaction of $926,132.76. Following the completion of the sale, the insider now owns 42,979 shares in the company, valued at approximately $4,174,980.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE AME opened at $96.54 on Friday. AMETEK, Inc. has a fifty-two week low of $63.14 and a fifty-two week high of $97.30. The company has a 50 day simple moving average of $90.22 and a two-hundred day simple moving average of $87.83. The company has a market capitalization of $22.00 billion, a price-to-earnings ratio of 29.34, a P/E/G ratio of 2.13 and a beta of 1.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.48 and a current ratio of 2.05.

AMETEK (NYSE:AME) last announced its earnings results on Thursday, October 31st. The technology company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.05. AMETEK had a net margin of 16.63% and a return on equity of 20.04%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the firm earned $0.91 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts forecast that AMETEK, Inc. will post 4.14 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.58%. AMETEK’s dividend payout ratio (DPR) is currently 17.02%.

AME has been the subject of a number of analyst reports. Royal Bank of Canada set a $95.00 target price on shares of AMETEK and gave the company a “buy” rating in a research note on Wednesday, July 31st. Wolfe Research set a $100.00 target price on shares of AMETEK and gave the company a “buy” rating in a research note on Friday, November 1st. Oppenheimer raised their target price on shares of AMETEK from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Bank of America downgraded shares of AMETEK from a “buy” rating to a “neutral” rating and decreased their target price for the company from $105.00 to $95.00 in a research note on Friday, October 11th. Finally, KeyCorp raised their target price on shares of AMETEK from $94.00 to $100.00 in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. AMETEK currently has an average rating of “Buy” and a consensus price target of $97.62.

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Several institutional investors and hedge funds have recently made changes to their positions in AME. Amundi Pioneer Asset Management Inc. increased its position in shares of AMETEK by 16.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 242,237 shares of the technology company’s stock valued at $20,098,000 after acquiring an additional 33,825 shares in the last quarter. Private Trust Co. NA bought a new stake in shares of AMETEK during the second quarter valued at approximately $421,000. DNB Asset Management AS increased its position in shares of AMETEK by 14.2% during the second quarter. DNB Asset Management AS now owns 51,492 shares of the technology company’s stock valued at $4,678,000 after acquiring an additional 6,400 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of AMETEK by 0.5% during the second quarter. Retirement Systems of Alabama now owns 106,253 shares of the technology company’s stock valued at $9,652,000 after acquiring an additional 490 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC increased its position in shares of AMETEK by 44.5% during the second quarter. Douglass Winthrop Advisors LLC now owns 4,228 shares of the technology company’s stock valued at $384,000 after acquiring an additional 1,303 shares in the last quarter. 86.51% of the stock is owned by institutional investors.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. The company's Electronic Instruments segment offers advanced instruments for the process, aerospace, power, and industrial markets; process control 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.

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Insider Buying and Selling by Quarter for AMETEK (NYSE:AME)

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