SYM FINANCIAL Corp Purchases Shares of 2,817 AMETEK, Inc. $AME

SYM FINANCIAL Corp acquired a new position in AMETEK, Inc. (NYSE:AME) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,817 shares of the technology company’s stock, valued at approximately $530,000.

Several other large investors have also bought and sold shares of AME. Sivia Capital Partners LLC bought a new stake in AMETEK in the second quarter worth about $295,000. ASR Vermogensbeheer N.V. grew its stake in shares of AMETEK by 42.2% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 162,555 shares of the technology company’s stock worth $29,415,000 after purchasing an additional 48,207 shares during the last quarter. J. Safra Sarasin Holding AG lifted its stake in AMETEK by 533.3% during the second quarter. J. Safra Sarasin Holding AG now owns 10,398 shares of the technology company’s stock valued at $1,882,000 after purchasing an additional 8,756 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in AMETEK by 35.2% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,942 shares of the technology company’s stock worth $5,599,000 after buying an additional 8,064 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in AMETEK in the second quarter worth approximately $73,000. Institutional investors own 87.43% of the company’s stock.

AMETEK Price Performance

NYSE AME opened at $226.56 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.16 and a quick ratio of 0.72. The firm has a market capitalization of $52.15 billion, a price-to-earnings ratio of 35.74, a price-to-earnings-growth ratio of 3.03 and a beta of 1.04. The company has a 50 day simple moving average of $207.14 and a 200-day simple moving average of $193.57. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $226.68.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Thursday, October 30th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.81 billion. AMETEK had a net margin of 20.50% and a return on equity of 16.66%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.66 earnings per share. Equities research analysts predict that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, December 5th. AMETEK’s payout ratio is currently 19.56%.

Analyst Ratings Changes

AME has been the subject of a number of recent research reports. Truist Financial increased their price objective on AMETEK from $219.00 to $229.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Melius Research set a $235.00 target price on AMETEK in a report on Monday, January 5th. Morgan Stanley increased their price target on AMETEK from $198.00 to $215.00 and gave the company an “equal weight” rating in a research report on Monday, January 12th. KeyCorp boosted their price objective on AMETEK from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Finally, Mizuho raised their target price on shares of AMETEK from $225.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, AMETEK presently has an average rating of “Moderate Buy” and an average price target of $229.82.

Insider Transactions at AMETEK

In other AMETEK news, insider Thomas C. Marecic sold 14,310 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $202.11, for a total value of $2,892,194.10. Following the transaction, the insider directly owned 42,589 shares of the company’s stock, valued at $8,607,662.79. This represents a 25.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David A. Zapico sold 88,000 shares of AMETEK stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $196.39, for a total value of $17,282,320.00. Following the sale, the chief executive officer owned 348,955 shares of the company’s stock, valued at approximately $68,531,272.45. This represents a 20.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 137,088 shares of company stock valued at $27,212,340. 0.57% of the stock is owned by insiders.

AMETEK Profile

AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.

The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.