Montag & Caldwell LLC Has $949,000 Holdings in AMETEK, Inc. (NYSE:AME)

Montag & Caldwell LLC lessened its stake in shares of AMETEK, Inc. (NYSE:AME) by 12.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,756 shares of the technology company’s stock after selling 839 shares during the quarter. Montag & Caldwell LLC’s holdings in AMETEK were worth $949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Giverny Capital Inc. lifted its holdings in shares of AMETEK by 0.5% during the 3rd quarter. Giverny Capital Inc. now owns 897,056 shares of the technology company’s stock valued at $132,549,000 after purchasing an additional 4,556 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of AMETEK by 11.6% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 3,637 shares of the technology company’s stock worth $537,000 after buying an additional 378 shares during the last quarter. Pacer Advisors Inc. increased its holdings in AMETEK by 161.0% in the 4th quarter. Pacer Advisors Inc. now owns 44,684 shares of the technology company’s stock worth $7,368,000 after purchasing an additional 27,562 shares in the last quarter. Tyche Wealth Partners LLC acquired a new stake in shares of AMETEK in the fourth quarter valued at about $6,275,000. Finally, Whittier Trust Co. increased its stake in shares of AMETEK by 9.0% in the third quarter. Whittier Trust Co. now owns 3,117 shares of the technology company’s stock valued at $461,000 after buying an additional 258 shares during the period. 87.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AME has been the subject of a number of research analyst reports. Truist Financial assumed coverage on AMETEK in a research report on Thursday, March 14th. They set a “buy” rating and a $210.00 price target for the company. Royal Bank of Canada dropped their price target on AMETEK from $192.00 to $188.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. Finally, KeyCorp upped their target price on AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, AMETEK has a consensus rating of “Moderate Buy” and an average price target of $180.78.

AMETEK Stock Up 0.3 %

Shares of AMETEK stock traded up $0.58 during trading hours on Monday, reaching $178.09. 111,053 shares of the company were exchanged, compared to its average volume of 922,717. AMETEK, Inc. has a 1 year low of $136.89 and a 1 year high of $186.32. The stock’s fifty day moving average is $180.12 and its 200 day moving average is $165.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.59 and a current ratio of 0.98. The firm has a market cap of $41.18 billion, a PE ratio of 31.44, a PEG ratio of 2.84 and a beta of 1.22.

AMETEK (NYSE:AME) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.06. AMETEK had a net margin of 19.91% and a return on equity of 17.96%. The firm 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 company posted $1.52 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts forecast that AMETEK, Inc. will post 6.82 earnings per share for the current year.

AMETEK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. This is a positive change 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 Transactions at AMETEK

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 shares were sold at an average price of $180.59, for a total transaction of $252,826.00. Following the transaction, the director now directly owns 28,054 shares of the company’s stock, valued at $5,066,271.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Steven W. Kohlhagen sold 1,400 shares of the stock in a transaction on 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 transaction, the director now owns 28,054 shares in the company, valued at approximately $5,066,271.86. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO William Joseph Burke sold 27,400 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $185.05, for a total transaction of $5,070,370.00. Following the sale, the chief financial officer now directly owns 106,512 shares in the company, valued at approximately $19,710,045.60. The disclosure for this sale can be found here. In the last three months, insiders sold 59,881 shares of company stock valued at $10,689,758. Company insiders own 0.61% of the company’s stock.

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.