464,633 Shares in AMETEK, Inc. (NYSE:AME) Acquired by D1 Capital Partners L.P.

D1 Capital Partners L.P. purchased a new position in AMETEK, Inc. (NYSE:AME) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 464,633 shares of the technology company’s stock, valued at approximately $79,782,000. AMETEK comprises 1.5% of D1 Capital Partners L.P.’s investment portfolio, making the stock its 22nd largest position. D1 Capital Partners L.P. owned 0.20% of AMETEK at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AME. B. Riley Wealth Advisors Inc. raised its stake in AMETEK by 42.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,919 shares of the technology company’s stock valued at $351,000 after acquiring an additional 573 shares in the last quarter. Tidal Investments LLC raised its stake in AMETEK by 15.1% during the 1st quarter. Tidal Investments LLC now owns 4,930 shares of the technology company’s stock valued at $902,000 after acquiring an additional 646 shares in the last quarter. Comerica Bank raised its stake in AMETEK by 0.4% during the 1st quarter. Comerica Bank now owns 74,825 shares of the technology company’s stock valued at $13,685,000 after acquiring an additional 314 shares in the last quarter. Citizens Financial Group Inc. RI bought a new stake in AMETEK during the 1st quarter valued at $542,000. Finally, Swedbank AB bought a new stake in AMETEK during the 1st quarter valued at $3,833,000. Institutional investors own 87.43% of the company’s stock.

Insider Transactions at AMETEK

In related news, insider David F. Hermance sold 6,243 shares of AMETEK stock in a transaction on Friday, November 8th. The stock was sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the completion of the sale, the insider now owns 36,731 shares of the company’s stock, valued at approximately $7,015,253.69. This trade represents a 14.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven W. Kohlhagen sold 1,460 shares of AMETEK stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $171.59, for a total value of $250,521.40. Following the sale, the director now directly owns 23,349 shares of the company’s stock, valued at approximately $4,006,454.91. The trade was a 5.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,660 shares of company stock valued at $5,958,141 over the last quarter. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AME shares. KeyCorp lifted their price target on AMETEK from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Wolfe Research upgraded AMETEK to a “hold” rating in a research report on Wednesday, September 18th. TD Cowen cut AMETEK from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Finally, Mizuho lifted their price target on AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, AMETEK has an average rating of “Moderate Buy” and an average price target of $199.29.

AMETEK Stock Performance

Shares of NYSE AME opened at $195.10 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $45.13 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 3.22 and a beta of 1.16. The stock’s fifty day simple moving average is $178.58 and its 200 day simple moving average is $171.43. AMETEK, Inc. has a 52-week low of $149.03 and a 52-week high of $198.33.

AMETEK (NYSE:AME) last issued its earnings results on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.62 by $0.04. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. AMETEK’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 earnings per share. As a group, sell-side analysts forecast that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 annualized dividend and a dividend yield of 0.57%. AMETEK’s dividend payout ratio (DPR) is presently 19.51%.

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.