Bank Julius Baer & Co. Ltd Zurich Has $111.64 Million Stock Position in AMETEK, Inc. (NYSE:AME)

Bank Julius Baer & Co. Ltd Zurich boosted its stake in AMETEK, Inc. (NYSE:AME) by 4,845.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 677,075 shares of the technology company’s stock after buying an additional 663,385 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.29% of AMETEK worth $111,643,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of AME. McGlone Suttner Wealth Management Inc. bought a new stake in AMETEK in the 4th quarter valued at about $25,000. Wetzel Investment Advisors Inc. acquired a new position in AMETEK during the 4th quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in AMETEK during the 4th quarter worth approximately $26,000. Bruce G. Allen Investments LLC acquired a new position in AMETEK in the 4th quarter valued at approximately $28,000. Finally, Rakuten Securities Inc. acquired a new position in AMETEK in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

Insider Buying and Selling at AMETEK

In related news, VP Thomas M. Montgomery sold 6,891 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $185.38, for a total transaction of $1,277,453.58. Following the transaction, the vice president now directly owns 21,543 shares of the company’s stock, valued at $3,993,641.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO William Joseph Burke sold 27,400 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $185.05, for a total transaction of $5,070,370.00. Following the completion of the sale, the chief financial officer now owns 106,512 shares in the company, valued at $19,710,045.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas M. Montgomery sold 6,891 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $185.38, for a total transaction of $1,277,453.58. Following the sale, the vice president now owns 21,543 shares of the company’s stock, valued at approximately $3,993,641.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,881 shares of company stock valued at $10,689,758. Corporate insiders own 0.61% of the company’s stock.

AMETEK Stock Down 0.2 %

NYSE AME traded down $0.31 on Thursday, hitting $177.91. 998,698 shares of the company were exchanged, compared to its average volume of 936,581. The company has a market cap of $41.13 billion, a PE ratio of 31.37, a PEG ratio of 2.87 and a beta of 1.22. AMETEK, Inc. has a 12 month low of $133.12 and a 12 month high of $186.32. The stock has a fifty day moving average of $179.97 and a 200-day moving average of $165.07. The company has a current ratio of 0.98, a quick ratio of 0.59 and a debt-to-equity ratio of 0.22.

AMETEK (NYSE:AME) last released its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the firm earned $1.52 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, analysts forecast that AMETEK, Inc. will post 6.82 earnings per share for the current year.

AMETEK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. This is a positive change from AMETEK’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, March 7th. AMETEK’s dividend payout ratio (DPR) is 19.75%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Truist Financial assumed coverage on shares of AMETEK in a research report on Thursday, March 14th. They issued a “buy” rating and a $210.00 price target for the company. KeyCorp upped their price target on shares of AMETEK from $182.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Royal Bank of Canada decreased their price objective on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Finally, StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a research 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $180.78.

AMETEK Company 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.