Rockefeller Capital Management L.P. Has $1.92 Million Holdings in AMETEK, Inc. (NYSE:AME)

Rockefeller Capital Management L.P. cut its stake in shares of AMETEK, Inc. (NYSE:AME) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,156 shares of the technology company’s stock after selling 203 shares during the period. Rockefeller Capital Management L.P.’s holdings in AMETEK were worth $1,919,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AME. CWM LLC increased its holdings in shares of AMETEK by 53.9% during the second quarter. CWM LLC now owns 10,594 shares of the technology company’s stock worth $1,766,000 after buying an additional 3,711 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of AMETEK by 1.3% in the second quarter. QRG Capital Management Inc. now owns 11,056 shares of the technology company’s stock worth $1,843,000 after purchasing an additional 146 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of AMETEK in the second quarter worth $132,000. SG Americas Securities LLC grew its stake in shares of AMETEK by 12.7% in the second quarter. SG Americas Securities LLC now owns 38,422 shares of the technology company’s stock worth $6,405,000 after purchasing an additional 4,326 shares during the last quarter. Finally, MJP Associates Inc. ADV bought a new stake in shares of AMETEK in the second quarter worth $674,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Price Performance

AME stock opened at $191.51 on Friday. The stock has a market capitalization of $44.30 billion, a PE ratio of 33.36, a price-to-earnings-growth ratio of 3.17 and a beta of 1.15. The company’s 50-day moving average is $180.92 and its 200-day moving average is $172.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. AMETEK, Inc. has a 1 year low of $149.03 and a 1 year high of $198.33.

AMETEK (NYSE:AME) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 EPS. Equities research analysts expect that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.

AMETEK Announces Dividend

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

Insider Transactions at AMETEK

In related news, insider David F. Hermance sold 6,243 shares of the company’s stock in a transaction dated 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 in the company, valued at $7,015,253.69. This represents a 14.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Tony J. Ciampitti sold 16,210 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the completion of the sale, the insider now owns 49,490 shares in the company, valued at $9,750,024.90. This represents a 24.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,660 shares of company stock valued at $5,958,141 in the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on AME. StockNews.com raised shares of AMETEK from a “hold” rating to a “buy” rating in a research note on Wednesday. TD Cowen cut shares of AMETEK from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Robert W. Baird boosted their price objective on shares of AMETEK from $166.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Truist Financial upped their price target on shares of AMETEK from $219.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, KeyCorp upped their price target on shares of AMETEK from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, AMETEK presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.29.

AMETEK Company Profile

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.