M.D. Sass LLC Has $68.02 Million Stock Position in AMETEK, Inc. (NYSE:AME)

M.D. Sass LLC boosted its position in shares of AMETEK, Inc. (NYSE:AME) by 39.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 396,105 shares of the technology company’s stock after acquiring an additional 112,068 shares during the quarter. AMETEK accounts for approximately 5.0% of M.D. Sass LLC’s investment portfolio, making the stock its 9th biggest holding. M.D. Sass LLC owned approximately 0.17% of AMETEK worth $68,015,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new position in AMETEK in the 2nd quarter valued at about $39,000. Industrial Alliance Investment Management Inc. acquired a new stake in shares of AMETEK during the 2nd quarter valued at $42,000. Princeton Global Asset Management LLC bought a new stake in AMETEK during the 3rd quarter worth $44,000. Crewe Advisors LLC increased its holdings in AMETEK by 168.8% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock worth $49,000 after purchasing an additional 184 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new position in AMETEK in the second quarter valued at about $50,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Mizuho raised their target price on AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Wolfe Research raised shares of AMETEK to a “hold” rating in a research report on Wednesday, September 18th. Redburn Atlantic upgraded AMETEK to a “strong-buy” rating in a report on Friday, August 2nd. Finally, Truist Financial boosted their price target on AMETEK from $219.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, AMETEK has an average rating of “Moderate Buy” and a consensus price target of $199.29.

AMETEK Stock Performance

Shares of NYSE AME traded down $0.55 during mid-day trading on Tuesday, hitting $196.57. The company had a trading volume of 134,659 shares, compared to its average volume of 1,150,826. AMETEK, Inc. has a 1 year low of $149.03 and a 1 year high of $198.33. The company has a market capitalization of $45.47 billion, a price-to-earnings ratio of 34.34, a P/E/G ratio of 3.22 and a beta of 1.16. 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 stock’s 50-day moving average price is $177.04 and its 200-day moving average price is $170.91.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, topping 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 firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the business posted $1.64 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. On average, sell-side analysts forecast that AMETEK, Inc. will post 6.8 earnings per share for the current year.

AMETEK Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a yield of 0.57%. AMETEK’s payout ratio is currently 19.51%.

Insider Activity at AMETEK

In other news, insider Tony J. Ciampitti sold 16,210 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 49,490 shares in the company, valued at $9,750,024.90. The trade was a 24.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven W. Kohlhagen sold 1,460 shares of AMETEK stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total value of $250,521.40. Following the sale, the director now owns 23,349 shares of the company’s stock, valued at approximately $4,006,454.91. This trade represents a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,913 shares of company stock valued at $4,636,404 over the last ninety days. Insiders own 0.61% of the company’s stock.

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.