Boston Trust Walden Corp Sells 365 Shares of AMETEK, Inc. (NYSE:AME)

by · The Markets Daily

Boston Trust Walden Corp lessened its stake in AMETEK, Inc. (NYSE:AME – Free Report) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,170 shares of the technology company’s stock after selling 365 shares during the quarter. Boston Trust Walden Corp’s holdings in AMETEK were worth $11,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AME. Washington Trust Advisors Inc. bought a new position in shares of AMETEK in the first quarter worth approximately $37,000. Family Firm Inc. bought a new position in AMETEK in the 2nd quarter valued at approximately $39,000. Industrial Alliance Investment Management Inc. purchased a new stake in AMETEK during the 2nd quarter valued at $42,000. Headlands Technologies LLC bought a new stake in shares of AMETEK in the 1st quarter worth $43,000. Finally, Crewe Advisors LLC raised its stake in shares of AMETEK by 168.8% in the second quarter. Crewe Advisors LLC now owns 293 shares of the technology company’s stock worth $49,000 after purchasing an additional 184 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AME. Redburn Atlantic upgraded AMETEK to a “strong-buy” rating in a report on Friday, August 2nd. TD Cowen lowered shares of AMETEK from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Robert W. Baird cut their target price on shares of AMETEK from $171.00 to $166.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Truist Financial increased their price target on AMETEK from $201.00 to $219.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $193.29.

Get Our Latest Stock Report on AME

Insider Buying and Selling at AMETEK

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

AMETEK Stock Up 0.2 %

NYSE AME opened at $166.96 on Friday. AMETEK, Inc. has a 52 week low of $136.89 and a 52 week high of $186.32. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $38.65 billion, a P/E ratio of 29.34, a price-to-earnings-growth ratio of 2.77 and a beta of 1.17. The stock’s 50-day moving average price is $168.41 and its 200-day moving average price is $169.15.

AMETEK (NYSE:AME – Get Free Report) last released its 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. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.78 billion. AMETEK had a net margin of 19.51% and a return on equity of 17.41%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.57 EPS. On average, equities research analysts predict that AMETEK, Inc. will post 6.76 earnings per share for the current year.

AMETEK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.28 per share. The ex-dividend date was Monday, September 16th. This represents a $1.12 dividend on an annualized basis and a yield of 0.67%. AMETEK’s dividend payout ratio is presently 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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