3,415 Shares in AMETEK, Inc. (NYSE:AME) Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. bought a new position in shares of AMETEK, Inc. (NYSE:AME) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,415 shares of the technology company’s stock, valued at approximately $616,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AME. Banque Transatlantique SA bought a new position in AMETEK during the 4th quarter worth about $37,000. AdvisorNet Financial Inc grew its holdings in AMETEK by 1,176.5% during the 4th quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company’s stock worth $39,000 after acquiring an additional 200 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in AMETEK by 42.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company’s stock worth $42,000 after acquiring an additional 70 shares in the last quarter. OFI Invest Asset Management bought a new position in AMETEK during the 4th quarter worth about $43,000. Finally, Minot DeBlois Advisors LLC bought a new position in AMETEK during the 4th quarter worth about $43,000. 87.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other AMETEK news, Director Steven W. Kohlhagen sold 1,320 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $189.41, for a total transaction of $250,021.20. Following the completion of the transaction, the director now directly owns 22,029 shares of the company’s stock, valued at approximately $4,172,512.89. This trade represents a 5.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas A. Amato sold 710 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $176.64, for a total transaction of $125,414.40. Following the transaction, the director now directly owns 10,560 shares of the company’s stock, valued at $1,865,318.40. This represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by insiders.

AMETEK Stock Up 0.4%

AME stock opened at $180.12 on Friday. The firm has a 50 day moving average of $168.25 and a 200 day moving average of $179.74. The stock has a market capitalization of $41.59 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 2.73 and a beta of 1.12. The company has a quick ratio of 0.75, a current ratio of 1.24 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $198.33.

AMETEK (NYSE:AME) last released its earnings results on Thursday, May 1st. The technology company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.06. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.74 billion. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. AMETEK’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the business earned $1.64 EPS. Sell-side analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK declared that its board has initiated a share repurchase program on Friday, February 7th that allows the company to buyback $1.25 billion in shares. This buyback authorization allows the technology company to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

AMETEK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Friday, June 13th. AMETEK’s dividend payout ratio is presently 20.29%.

Analysts Set New Price Targets

AME has been the topic of several recent research reports. Truist Financial increased their target price on shares of AMETEK from $196.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Royal Bank of Canada raised their price target on shares of AMETEK from $194.00 to $201.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Robert W. Baird lowered their price target on shares of AMETEK from $197.00 to $190.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. StockNews.com upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a report on Monday. Finally, Morgan Stanley began coverage on shares of AMETEK in a report on Monday, April 14th. They issued an “equal weight” rating and a $170.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $196.90.

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.