Livforsakringsbolaget Skandia Omsesidigt Acquires 226 Shares of AMETEK, Inc. (NYSE:AME)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of AMETEK, Inc. (NYSE:AME) by 108.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 435 shares of the technology company’s stock after acquiring an additional 226 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in AMETEK were worth $72,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Giverny Capital Inc. boosted its stake in AMETEK by 0.5% in 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 during the period. Kestra Private Wealth Services LLC boosted its stake in AMETEK by 11.6% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 3,637 shares of the technology company’s stock valued at $537,000 after purchasing an additional 378 shares during the period. Pacer Advisors Inc. boosted its stake in AMETEK by 161.0% in the 4th quarter. Pacer Advisors Inc. now owns 44,684 shares of the technology company’s stock valued at $7,368,000 after purchasing an additional 27,562 shares during the period. Whittier Trust Co. boosted its stake in AMETEK by 9.0% in the 3rd quarter. Whittier Trust Co. now owns 3,117 shares of the technology company’s stock valued at $461,000 after purchasing an additional 258 shares during the period. Finally, Tyche Wealth Partners LLC bought a new stake in AMETEK in the 4th quarter valued at $6,275,000. 87.43% of the stock is currently owned by institutional investors.

Insider Transactions at AMETEK

In related news, Director Thomas A. Amato sold 780 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $182.00, for a total transaction of $141,960.00. Following the sale, the director now owns 10,240 shares in the company, valued at approximately $1,863,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO William Joseph Burke sold 27,400 shares of the company’s 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 owns 106,512 shares in the company, valued at approximately $19,710,045.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas A. Amato sold 780 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $182.00, for a total value of $141,960.00. Following the sale, the director now owns 10,240 shares in the company, valued at approximately $1,863,680. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,881 shares of company stock valued at $10,689,758. Corporate insiders own 0.61% of the company’s stock.

AMETEK Price Performance

AMETEK stock opened at $177.77 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.59 and a current ratio of 0.98. AMETEK, Inc. has a 52 week low of $133.12 and a 52 week high of $186.32. The stock has a market capitalization of $41.10 billion, a P/E ratio of 31.35, a price-to-earnings-growth ratio of 2.84 and a beta of 1.22. The stock has a fifty day moving average of $179.45 and a 200-day moving average of $164.34.

AMETEK (NYSE:AME) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.68 EPS for the quarter, topping 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 quarter in the previous year, the firm earned $1.52 EPS. AMETEK’s revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts expect that AMETEK, Inc. will post 6.82 earnings per share for the current fiscal year.

AMETEK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, March 7th. 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. AMETEK’s payout ratio is 19.75%.

Analyst Ratings Changes

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

About AMETEK

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.