AMETEK, Inc. (NYSE:AME) Position Lessened by Knowledge Leaders Capital LLC

Knowledge Leaders Capital LLC decreased its stake in AMETEK, Inc. (NYSE:AME) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,771 shares of the technology company’s stock after selling 357 shares during the period. Knowledge Leaders Capital LLC’s holdings in AMETEK were worth $622,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Bryn Mawr Capital Management LLC bought a new stake in shares of AMETEK in the 4th quarter worth approximately $757,000. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of AMETEK by 4,845.8% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 677,075 shares of the technology company’s stock worth $111,643,000 after purchasing an additional 663,385 shares during the last quarter. Syon Capital LLC lifted its holdings in shares of AMETEK by 26.5% in the 4th quarter. Syon Capital LLC now owns 2,452 shares of the technology company’s stock worth $404,000 after purchasing an additional 513 shares during the last quarter. Meritage Portfolio Management lifted its holdings in shares of AMETEK by 6.9% in the 4th quarter. Meritage Portfolio Management now owns 131,881 shares of the technology company’s stock worth $21,746,000 after purchasing an additional 8,512 shares during the last quarter. Finally, Roffman Miller Associates Inc. PA raised its stake in AMETEK by 4.4% during the 4th quarter. Roffman Miller Associates Inc. PA now owns 121,993 shares of the technology company’s stock valued at $20,115,000 after acquiring an additional 5,112 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.

AMETEK Price Performance

Shares of AME traded down $0.42 during midday trading on Friday, reaching $177.51. The stock had a trading volume of 637,924 shares, compared to its average volume of 788,079. AMETEK, Inc. has a 52 week low of $133.77 and a 52 week high of $186.32. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.98 and a quick ratio of 0.59. The firm’s 50 day moving average price is $180.12 and its 200-day moving average price is $165.34. The company has a market capitalization of $41.04 billion, a P/E ratio of 31.30, a P/E/G ratio of 2.84 and a beta of 1.22.

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

AMETEK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend 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%.

Insider Buying and Selling

In related news, CFO William Joseph Burke sold 17,437 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $168.51, for a total transaction of $2,938,308.87. Following the transaction, the chief financial officer now directly owns 101,709 shares of the company’s stock, valued at $17,138,983.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other AMETEK news, VP Thomas M. Montgomery sold 6,891 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $185.38, for a total value of $1,277,453.58. Following the transaction, the vice president now directly owns 21,543 shares of the company’s stock, valued at approximately $3,993,641.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO William Joseph Burke sold 17,437 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $168.51, for a total value of $2,938,308.87. Following the completion of the transaction, the chief financial officer now directly owns 101,709 shares in the company, valued at $17,138,983.59. The disclosure for this sale can be found here. Insiders have sold 59,881 shares of company stock worth $10,689,758 in the last three months. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AME. StockNews.com downgraded AMETEK from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. KeyCorp lifted their target price on AMETEK from $182.00 to $205.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Truist Financial began coverage on AMETEK in a research note on Thursday, March 14th. They set a “buy” rating and a $210.00 target price on the stock. Finally, Royal Bank of Canada cut their target price on AMETEK from $192.00 to $188.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, AMETEK currently has an average rating of “Moderate Buy” and an average price target of $180.78.

AMETEK 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.