Perigon Wealth Management LLC Buys 118 Shares of AMETEK, Inc. (NYSE:AME)

Perigon Wealth Management LLC boosted its stake in shares of AMETEK, Inc. (NYSE:AME) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,470 shares of the technology company’s stock after buying an additional 118 shares during the quarter. Perigon Wealth Management LLC’s holdings in AMETEK were worth $2,617,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. James Hambro & Partners LLP boosted its position in AMETEK by 77.2% during the fourth quarter. James Hambro & Partners LLP now owns 621,355 shares of the technology company’s stock worth $112,033,000 after purchasing an additional 270,764 shares during the period. KBC Group NV boosted its position in AMETEK by 66.8% during the fourth quarter. KBC Group NV now owns 261,206 shares of the technology company’s stock worth $47,085,000 after purchasing an additional 104,603 shares during the period. AlphaMark Advisors LLC boosted its position in AMETEK by 2.1% during the fourth quarter. AlphaMark Advisors LLC now owns 3,348 shares of the technology company’s stock worth $604,000 after purchasing an additional 70 shares during the period. Running Oak Capital LLC boosted its position in AMETEK by 4.5% during the fourth quarter. Running Oak Capital LLC now owns 77,647 shares of the technology company’s stock worth $13,997,000 after purchasing an additional 3,356 shares during the period. Finally, Fenimore Asset Management Inc boosted its position in AMETEK by 0.4% during the fourth quarter. Fenimore Asset Management Inc now owns 272,869 shares of the technology company’s stock worth $49,187,000 after purchasing an additional 993 shares during the period. Institutional investors own 87.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AME. TD Cowen downgraded shares of AMETEK from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Truist Financial increased their price target on shares of AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Robert W. Baird increased their price target on shares of AMETEK from $166.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. BNP Paribas raised shares of AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 price target on the stock in a report on Thursday, January 16th. Finally, KeyCorp increased their price target on shares of AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $203.44.

Insider Buying and Selling at AMETEK

In other news, insider Tony J. Ciampitti sold 16,210 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $197.01, for a total value of $3,193,532.10. Following the transaction, the insider now owns 49,490 shares in the company, valued at approximately $9,750,024.90. This trade represents a 24.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David F. Hermance sold 6,243 shares of the firm’s 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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold 29,200 shares of company stock worth $5,707,620 over the last ninety days. Insiders own 0.61% of the company’s stock.

AMETEK Stock Down 0.2 %

Shares of NYSE AME opened at $182.59 on Thursday. AMETEK, Inc. has a one year low of $149.03 and a one year high of $198.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. The firm’s 50 day simple moving average is $186.09 and its two-hundred day simple moving average is $176.20. The stock has a market capitalization of $42.23 billion, a P/E ratio of 31.81, a PEG ratio of 2.73 and a beta of 1.16.

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

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Friday, December 6th. AMETEK’s payout ratio is currently 19.51%.

AMETEK 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.