Catalyst Financial Partners LLC Makes New $202,000 Investment in AMETEK, Inc. (NYSE:AME)

by · The Cerbat Gem

Catalyst Financial Partners LLC purchased a new position in AMETEK, Inc. (NYSE:AME – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,178 shares of the technology company’s stock, valued at approximately $202,000.

A number of other hedge funds also recently bought and sold shares of AME. Washington Trust Advisors Inc. purchased a new position in AMETEK in the first quarter worth about $37,000. Family Firm Inc. purchased a new position in AMETEK in the 2nd quarter worth approximately $39,000. Industrial Alliance Investment Management Inc. bought a new position in AMETEK in the 2nd quarter valued at approximately $42,000. Headlands Technologies LLC purchased a new stake in AMETEK during the 1st quarter valued at $43,000. Finally, Crewe Advisors LLC increased its holdings in shares of 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. Institutional investors own 87.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AME. Redburn Atlantic raised AMETEK to a “strong-buy” rating in a research report on Friday, August 2nd. Wolfe Research raised shares of AMETEK to a “hold” rating in a report on Wednesday, September 18th. Truist Financial boosted their price objective on shares of AMETEK from $201.00 to $219.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Mizuho raised their target price on shares of AMETEK from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada decreased their target price on shares of AMETEK from $216.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AMETEK presently has a consensus rating of “Moderate Buy” and an average target price of $193.29.

View Our Latest Stock Analysis on AME

Insider Buying and Selling at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,460 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the completion of the sale, the director now directly owns 23,349 shares of the company’s stock, valued at $4,006,454.91. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.61% of the company’s stock.

AMETEK Trading Up 8.6 %

Shares of AME stock opened at $183.40 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.26 and a quick ratio of 0.76. The company has a market cap of $42.45 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 2.77 and a beta of 1.17. AMETEK, Inc. has a 1 year low of $136.89 and a 1 year high of $186.32. The firm has a fifty day moving average price of $168.95 and a 200-day moving average price of $169.00.

AMETEK (NYSE:AME – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. AMETEK had a return on equity of 17.41% and a net margin of 19.51%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the prior year, the business posted $1.57 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities analysts predict that AMETEK, Inc. will post 6.76 earnings per share for the current year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid 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 Monday, September 16th. AMETEK’s payout ratio is 19.68%.

About AMETEK

(Free Report)

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.

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