Diversify Wealth Management LLC Sells 125 Shares of AMETEK, Inc. (NYSE:AME)

Diversify Wealth Management LLC trimmed its holdings in shares of AMETEK, Inc. (NYSE:AME) by 8.1% during the fourth quarter, HoldingsChannel reports. The firm owned 1,427 shares of the technology company’s stock after selling 125 shares during the quarter. Diversify Wealth Management LLC’s holdings in AMETEK were worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hutchens & Kramer Investment Management Group LLC increased its holdings in AMETEK by 3.8% during the third quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,764 shares of the technology company’s stock worth $298,000 after buying an additional 65 shares during the last quarter. Miracle Mile Advisors LLC increased its stake in shares of AMETEK by 0.9% during the 3rd quarter. Miracle Mile Advisors LLC now owns 7,178 shares of the technology company’s stock worth $1,233,000 after purchasing an additional 66 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of AMETEK by 1.1% in the 2nd quarter. EP Wealth Advisors LLC now owns 6,330 shares of the technology company’s stock worth $1,055,000 after purchasing an additional 71 shares during the period. Wallace Advisory Group LLC raised its holdings in shares of AMETEK by 5.8% in the 4th quarter. Wallace Advisory Group LLC now owns 1,371 shares of the technology company’s stock worth $235,000 after purchasing an additional 75 shares during the period. Finally, Itau Unibanco Holding S.A. lifted its stake in AMETEK by 62.6% in the third quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company’s stock valued at $34,000 after purchasing an additional 77 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AME has been the topic of several research reports. Truist Financial boosted their target price on AMETEK from $221.00 to $222.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. TD Cowen lowered shares of AMETEK from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. KeyCorp boosted 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. Finally, BNP Paribas raised shares of AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 price objective for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $203.44.

Insider Buying and Selling

In other AMETEK news, insider Tony J. Ciampitti sold 16,210 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total value of $3,193,532.10. Following the completion of the sale, the insider now owns 49,490 shares of the company’s stock, valued at $9,750,024.90. This represents a 24.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David F. Hermance sold 6,243 shares of AMETEK stock in a transaction that occurred on 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 transaction, the insider now directly owns 36,731 shares in the company, valued at $7,015,253.69. This trade represents a 14.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,200 shares of company stock worth $5,707,620. Corporate insiders own 0.61% of the company’s stock.

AMETEK Stock Performance

AMETEK stock opened at $188.81 on Thursday. AMETEK, Inc. has a 1-year low of $149.03 and a 1-year high of $198.33. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $43.67 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 2.61 and a beta of 1.16. The firm’s 50 day simple moving average is $186.77 and its 200 day simple moving average is $175.49.

AMETEK (NYSE:AME) last issued 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 the consensus estimate of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 earnings per share. As a group, analysts expect that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, December 6th. AMETEK’s dividend payout ratio is currently 19.51%.

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.