Everpar Advisors LLC Makes New $528,000 Investment in AMETEK, Inc. (NYSE:AME)

Everpar Advisors LLC bought a new stake in AMETEK, Inc. (NYSE:AME) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,201 shares of the technology company’s stock, valued at approximately $528,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Morgan Stanley boosted its stake in shares of AMETEK by 19.2% in the 3rd quarter. Morgan Stanley now owns 4,189,108 shares of the technology company’s stock valued at $618,983,000 after buying an additional 674,549 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its position 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 valued at $111,643,000 after purchasing an additional 663,385 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of AMETEK in the 3rd quarter valued at $90,248,000. Adage Capital Partners GP L.L.C. lifted its position in shares of AMETEK by 84.9% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,081,557 shares of the technology company’s stock worth $159,811,000 after purchasing an additional 496,523 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of AMETEK by 52.9% during the third quarter. The Manufacturers Life Insurance Company now owns 1,032,796 shares of the technology company’s stock worth $152,606,000 after purchasing an additional 357,212 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on AME shares. KeyCorp lifted their price target on AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. Royal Bank of Canada lowered their target price on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Robert W. Baird cut their price target on shares of AMETEK from $173.00 to $171.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Truist Financial began coverage on shares of AMETEK in a research note on Thursday, March 14th. They issued a “buy” rating and a $210.00 price objective for the company. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AMETEK currently has an average rating of “Moderate Buy” and an average target price of $179.80.

Insiders Place Their Bets

In other news, CFO William Joseph Burke sold 17,437 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 101,709 shares of the company’s stock, valued at approximately $17,138,983.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO William Joseph Burke sold 17,437 shares of AMETEK 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 completion of the transaction, the chief financial officer now owns 101,709 shares of the company’s stock, valued at approximately $17,138,983.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven W. Kohlhagen sold 1,400 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $180.59, for a total transaction of $252,826.00. Following the completion of the sale, the director now directly owns 28,054 shares in the company, valued at $5,066,271.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,881 shares of company stock worth $10,689,758. 0.61% of the stock is owned by company insiders.

AMETEK Stock Performance

Shares of NYSE:AME traded up $1.53 during trading on Tuesday, reaching $169.58. The company had a trading volume of 1,002,152 shares, compared to its average volume of 978,524. The stock’s fifty day moving average price is $179.26 and its 200 day moving average price is $166.69. AMETEK, Inc. has a fifty-two week low of $136.89 and a fifty-two week high of $186.32. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 0.66. The firm has a market capitalization of $39.25 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 2.66 and a beta of 1.21.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.78 billion. AMETEK had a net margin of 19.57% and a return on equity of 17.74%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.49 earnings per share. As a group, equities research analysts predict that AMETEK, Inc. will post 6.81 EPS for the current year.

AMETEK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were given a dividend of $0.28 per share. This is a positive change from AMETEK’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Thursday, March 7th. AMETEK’s payout ratio is presently 19.68%.

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.