AMETEK, Inc. (NYSE:AME) Shares Sold by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. decreased its position in AMETEK, Inc. (NYSE:AME) by 11.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,349 shares of the technology company’s stock after selling 812 shares during the quarter. Meeder Advisory Services Inc.’s holdings in AMETEK were worth $1,090,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AME. Family Firm Inc. acquired a new position in AMETEK in the second quarter worth $39,000. Industrial Alliance Investment Management Inc. bought a new stake in shares of AMETEK during the 2nd quarter valued at about $42,000. Princeton Global Asset Management LLC bought a new stake in shares of AMETEK during the 3rd quarter valued at about $44,000. Crewe Advisors LLC lifted its holdings in AMETEK by 168.8% in the second quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock worth $49,000 after acquiring an additional 184 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in AMETEK in the second quarter valued at approximately $50,000. 87.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Steven W. Kohlhagen sold 1,460 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total transaction of $250,521.40. Following the completion of the sale, the director now directly owns 23,349 shares in the company, valued at approximately $4,006,454.91. This trade represents a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David F. Hermance sold 6,243 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $190.99, for a total value of $1,192,350.57. Following the sale, the insider now owns 36,731 shares of the company’s stock, valued at $7,015,253.69. This trade represents a 14.53 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AME has been the topic of a number of research reports. Redburn Atlantic upgraded AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a research report on Friday. Wolfe Research raised shares of AMETEK to a “hold” rating in a report on Wednesday, September 18th. Mizuho increased their price objective on shares of AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, TD Cowen lowered shares of AMETEK from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $197.86.

AMETEK Stock Up 0.1 %

AMETEK stock opened at $193.24 on Tuesday. AMETEK, Inc. has a 52 week low of $149.03 and a 52 week high of $196.70. The stock has a market cap of $44.70 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 3.15 and a beta of 1.16. The company’s 50-day moving average price is $174.17 and its two-hundred day moving average price is $169.97. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the business earned $1.64 earnings per share. On average, analysts expect that AMETEK, Inc. will post 6.81 EPS for the current fiscal year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.28 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.12 annualized dividend and a dividend yield of 0.58%. AMETEK’s dividend payout ratio (DPR) is 19.51%.

About AMETEK

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.