SeaCrest Wealth Management LLC Sells 628 Shares of AMETEK, Inc. (NYSE:AME)

SeaCrest Wealth Management LLC trimmed its position in AMETEK, Inc. (NYSE:AME) by 12.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,493 shares of the technology company’s stock after selling 628 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in AMETEK were worth $810,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, insider Emanuela Speranza sold 6,747 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $195.90, for a total transaction of $1,321,737.30. Following the completion of the transaction, the insider now directly owns 30,460 shares in the company, valued at $5,967,114. This represents a 18.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tony J. Ciampitti sold 16,210 shares of the 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 directly owns 49,490 shares in the company, valued at approximately $9,750,024.90. This trade represents a 24.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,200 shares of company stock valued at $5,707,620 in the last quarter. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AME. Mizuho raised their price target on shares of AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Robert W. Baird boosted their target price on AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. KeyCorp raised their price objective on shares of AMETEK from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Wolfe Research upgraded AMETEK to a “hold” rating in a report on Wednesday, September 18th. Finally, Truist Financial lifted their price objective on shares of AMETEK from $219.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $202.50.

AMETEK Stock Performance

Shares of NYSE:AME opened at $180.02 on Thursday. The company has a market cap of $41.64 billion, a P/E ratio of 31.36, a PEG ratio of 3.08 and a beta of 1.16. AMETEK, Inc. has a one year low of $149.03 and a one year high of $198.33. The business’s 50-day simple moving average is $187.75 and its 200 day simple moving average is $174.94. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39.

AMETEK (NYSE:AME) last announced its earnings results 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. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the company earned $1.64 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, sell-side analysts forecast that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.62%. The ex-dividend date 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.