AMETEK, Inc. (NYSE:AME) Insider David F. Hermance Sells 6,243 Shares

AMETEK, Inc. (NYSE:AME) insider David F. Hermance sold 6,243 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the completion of the transaction, the insider now directly owns 36,731 shares in the company, valued at $7,015,253.69. This represents a 14.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

AMETEK Stock Performance

AME opened at $193.85 on Friday. The business has a 50 day moving average price of $172.43 and a two-hundred day moving average price of $169.55. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. The company has a market capitalization of $44.84 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 3.17 and a beta of 1.16. AMETEK, Inc. has a 1-year low of $149.03 and a 1-year high of $196.70.

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

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Friday, December 6th. AMETEK’s payout ratio is 19.51%.

Institutional Trading of AMETEK

Several institutional investors and hedge funds have recently bought and sold shares of AME. Family Firm Inc. purchased a new stake in AMETEK in the 2nd quarter worth about $39,000. Industrial Alliance Investment Management Inc. purchased a new stake in shares of AMETEK in the second quarter worth approximately $42,000. Headlands Technologies LLC acquired a new stake in shares of AMETEK during the first quarter worth approximately $43,000. Princeton Global Asset Management LLC purchased a new position in AMETEK during the third quarter valued at approximately $44,000. Finally, Crewe Advisors LLC increased its stake in AMETEK by 168.8% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock valued at $49,000 after buying an additional 184 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on AME shares. TD Cowen downgraded AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Mizuho raised their target price on AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. StockNews.com upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Redburn Atlantic raised shares of AMETEK to a “strong-buy” rating in a research note on Friday, August 2nd. Finally, Robert W. Baird raised their price target on shares of AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, AMETEK currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.86.

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.