AMETEK, Inc. (NYSE:AME) Shares Purchased by Carderock Capital Management Inc.

Carderock Capital Management Inc. lifted its stake in AMETEK, Inc. (NYSE:AMEFree Report) by 14.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 48,946 shares of the technology company’s stock after acquiring an additional 6,004 shares during the quarter. AMETEK accounts for 2.2% of Carderock Capital Management Inc.’s investment portfolio, making the stock its 17th largest position. Carderock Capital Management Inc.’s holdings in AMETEK were worth $8,071,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in AME. Norges Bank acquired a new stake in AMETEK during the 4th quarter worth approximately $509,944,000. Price T Rowe Associates Inc. MD lifted its holdings in AMETEK by 643.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,953,131 shares of the technology company’s stock worth $552,332,000 after buying an additional 3,421,558 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in AMETEK by 39,681.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,827,569 shares of the technology company’s stock worth $255,348,000 after buying an additional 1,822,975 shares in the last quarter. Morgan Stanley lifted its holdings in AMETEK by 93.2% during the 4th quarter. Morgan Stanley now owns 3,678,094 shares of the technology company’s stock worth $513,903,000 after buying an additional 1,774,651 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in AMETEK by 4.2% during the 1st quarter. BlackRock Inc. now owns 16,215,102 shares of the technology company’s stock worth $2,356,541,000 after buying an additional 658,629 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AME shares. Royal Bank of Canada reduced their target price on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. KeyCorp increased their price objective 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. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. Finally, Truist Financial initiated coverage on shares of AMETEK in a research report on Thursday, March 14th. They issued a “buy” rating and a $210.00 price objective on the stock. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, AMETEK currently has a consensus rating of “Moderate Buy” and an average price target of $180.78.

Get Our Latest Stock Analysis on AME

AMETEK Trading Up 0.4 %

NYSE AME opened at $181.15 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.98 and a quick ratio of 0.59. The firm’s fifty day moving average price is $175.76 and its 200 day moving average price is $161.85. The company has a market capitalization of $41.88 billion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 2.88 and a beta of 1.22. AMETEK, Inc. has a 12 month low of $133.12 and a 12 month high of $186.32.

AMETEK (NYSE:AMEGet Free Report) last posted its earnings results on Tuesday, February 6th. The technology company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.06. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.73 billion. AMETEK had a net margin of 19.91% and a return on equity of 17.96%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $1.52 EPS. 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 business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. This is an increase from AMETEK’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, March 7th. AMETEK’s dividend payout ratio (DPR) is 19.75%.

Insider Activity at AMETEK

In related news, VP Thomas M. Montgomery sold 6,891 shares of the stock in a transaction on 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 completion of the sale, the vice president now owns 21,543 shares in the company, valued at approximately $3,993,641.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Thomas M. Montgomery sold 6,891 shares of the stock in a transaction on 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 completion of the sale, the vice president now owns 21,543 shares in the company, valued at approximately $3,993,641.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas A. Amato sold 780 shares of the 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 of the company’s stock, valued at approximately $1,863,680. The disclosure for this sale can be found here. Insiders have sold 59,881 shares of company stock valued at $10,689,758 in the last ninety days. Insiders own 0.61% of the company’s stock.

AMETEK Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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