AMETEK (NYSE:AME) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of AMETEK (NYSE:AME – Get Rating) in a report released on Thursday morning. The brokerage issued a buy rating on the technology company’s stock.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley boosted their price objective on AMETEK from $152.00 to $155.00 and gave the company an overweight rating in a research note on Friday, February 3rd. Wolfe Research lowered shares of AMETEK from an outperform rating to a peer perform rating in a research report on Thursday, February 23rd. Mizuho raised their price objective on shares of AMETEK from $145.00 to $153.00 and gave the stock a buy rating in a report on Friday, January 13th. KeyCorp boosted their target price on shares of AMETEK from $145.00 to $165.00 and gave the company an overweight rating in a report on Monday, November 21st. Finally, Loop Capital raised their price target on AMETEK from $160.00 to $164.00 in a report on Thursday, January 12th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $151.11.

AMETEK Stock Down 0.6 %

AMETEK stock opened at $134.99 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.62 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $31.09 billion, a P/E ratio of 26.94, a P/E/G ratio of 2.54 and a beta of 1.22. The firm has a 50 day moving average price of $142.72 and a 200-day moving average price of $134.30. AMETEK has a twelve month low of $106.17 and a twelve month high of $148.06.

AMETEK (NYSE:AME – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The technology company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.05. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.59 billion. AMETEK had a return on equity of 18.46% and a net margin of 18.85%. AMETEK’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 earnings per share. As a group, equities analysts predict that AMETEK will post 5.98 EPS for the current year.

AMETEK Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be given a dividend of $0.25 per share. This is a positive change from AMETEK’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, March 9th. AMETEK’s payout ratio is 19.96%.

Insider Transactions at AMETEK

In related news, Director Thomas A. Amato sold 780 shares of AMETEK stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $137.54, for a total transaction of $107,281.20. Following the completion of the sale, the director now owns 8,780 shares of the company’s stock, valued at $1,207,601.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Anthony James Conti sold 2,000 shares of the stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $143.61, for a total value of $287,220.00. Following the transaction, the director now owns 26,078 shares of the company’s stock, valued at $3,745,061.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas A. Amato sold 780 shares of the stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $137.54, for a total transaction of $107,281.20. Following the transaction, the director now owns 8,780 shares in the company, valued at $1,207,601.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,440 shares of company stock valued at $2,507,660. 0.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Resurgent Financial Advisors LLC purchased a new stake in shares of AMETEK in the 4th quarter worth about $28,000. Grey Fox Wealth Advisors LLC bought a new position in AMETEK in the fourth quarter worth $29,000. Covestor Ltd lifted its position in AMETEK by 84.3% during the first quarter. Covestor Ltd now owns 212 shares of the technology company’s stock valued at $28,000 after buying an additional 97 shares during the period. Ten Capital Wealth Advisors LLC boosted its holdings in shares of AMETEK by 78.1% during the 3rd quarter. Ten Capital Wealth Advisors LLC now owns 228 shares of the technology company’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. Finally, Quent Capital LLC grew its position in shares of AMETEK by 64.0% in the 3rd quarter. Quent Capital LLC now owns 228 shares of the technology company’s stock worth $26,000 after buying an additional 89 shares during the period. 85.42% of the stock is owned by hedge funds and other institutional investors.

AMETEK Company Profile

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AMETEK, Inc engages in the manufacture of electronic instruments and electromechanical devices. It operates through the following two segments: Electronic Instruments (EIG) and Electromechanical (EMG). The EIG segment designs and manufactures advanced instruments for the process, aerospace, power and industrial markets.