Outlook Wealth Advisors LLC Has $315,000 Stock Position in AMETEK, Inc. (NYSE:AME)

Outlook Wealth Advisors LLC increased its stake in shares of AMETEK, Inc. (NYSE:AME) by 25.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,720 shares of the technology company’s stock after acquiring an additional 347 shares during the period. Outlook Wealth Advisors LLC’s holdings in AMETEK were worth $315,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. McGlone Suttner Wealth Management Inc. bought a new position in shares of AMETEK in the fourth quarter valued at approximately $25,000. Wetzel Investment Advisors Inc. acquired a new stake in AMETEK during the 4th quarter valued at $25,000. Turtle Creek Wealth Advisors LLC bought a new position in AMETEK in the 4th quarter valued at $26,000. Bruce G. Allen Investments LLC acquired a new position in AMETEK in the fourth quarter worth $28,000. Finally, Rakuten Securities Inc. bought a new stake in shares of AMETEK during the fourth quarter worth $31,000. 87.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on AME. Royal Bank of Canada decreased their price objective on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Truist Financial started coverage on shares of AMETEK in a report on Thursday, March 14th. They issued a “buy” rating and a $210.00 price target for the company. KeyCorp upped their price objective on AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Finally, StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, AMETEK presently has an average rating of “Moderate Buy” and an average price target of $180.78.

AMETEK Trading Down 0.2 %

Shares of AMETEK stock traded down $0.42 during trading on Friday, reaching $177.51. 637,924 shares of the company were exchanged, compared to its average volume of 788,079. AMETEK, Inc. has a twelve month low of $133.77 and a twelve month high of $186.32. The business has a 50-day moving average price of $180.12 and a 200-day moving average price of $165.34. The company has a quick ratio of 0.59, a current ratio of 0.98 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $41.04 billion, a price-to-earnings ratio of 31.31, a P/E/G ratio of 2.84 and a beta of 1.22.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.06. AMETEK had a return on equity of 17.96% and a net margin of 19.91%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the business posted $1.52 EPS. AMETEK’s revenue was up 6.1% on a year-over-year basis. Sell-side analysts anticipate that AMETEK, Inc. will post 6.82 EPS for the current fiscal year.

AMETEK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. This is a boost from AMETEK’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, March 7th. AMETEK’s payout ratio is presently 19.75%.

Insiders Place Their Bets

In related news, Director Steven W. Kohlhagen sold 1,400 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $180.59, for a total value of $252,826.00. Following the completion of the transaction, the director now directly owns 28,054 shares in the company, valued at approximately $5,066,271.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other AMETEK news, Director Thomas A. Amato sold 780 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $182.00, for a total transaction of $141,960.00. Following the completion of the transaction, the director now owns 10,240 shares in the company, valued at approximately $1,863,680. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven W. Kohlhagen sold 1,400 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $180.59, for a total value of $252,826.00. Following the completion of the sale, the director now owns 28,054 shares in the company, valued at $5,066,271.86. The disclosure for this sale can be found here. Insiders sold 59,881 shares of company stock worth $10,689,758 over the last ninety days. 0.61% of the stock is currently owned by corporate insiders.

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.