AMETEK, Inc. (NYSE:AME) Shares Acquired by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt increased its stake in AMETEK, Inc. (NYSE:AME) by 108.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 435 shares of the technology company’s stock after purchasing an additional 226 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in AMETEK were worth $72,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AME. Norges Bank acquired a new stake in AMETEK in the fourth quarter worth about $509,944,000. Price T Rowe Associates Inc. MD lifted its holdings in AMETEK by 643.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,953,131 shares of the technology company’s stock worth $552,332,000 after purchasing an additional 3,421,558 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in AMETEK by 39,681.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,827,569 shares of the technology company’s stock worth $255,348,000 after purchasing an additional 1,822,975 shares during the period. Morgan Stanley lifted its holdings in AMETEK by 93.2% in the fourth quarter. Morgan Stanley now owns 3,678,094 shares of the technology company’s stock worth $513,903,000 after purchasing an additional 1,774,651 shares during the period. Finally, BlackRock Inc. lifted its holdings in AMETEK by 4.2% in the first quarter. BlackRock Inc. now owns 16,215,102 shares of the technology company’s stock worth $2,356,541,000 after purchasing an additional 658,629 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on AME. Truist Financial began coverage on shares of AMETEK in a research report on Thursday, March 14th. They issued a “buy” rating and a $210.00 price target on the stock. StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. Royal Bank of Canada dropped their price target on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Finally, KeyCorp boosted their price target on shares of AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $180.78.

Insider Buying and Selling at AMETEK

In other AMETEK news, VP Thomas M. Montgomery sold 6,891 shares of AMETEK 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 transaction, the vice president now owns 21,543 shares of the company’s stock, valued at approximately $3,993,641.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO William Joseph Burke sold 5,973 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $168.90, for a total value of $1,008,839.70. Following the completion of the sale, the chief financial officer now owns 101,709 shares of the company’s stock, valued at approximately $17,178,650.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Thomas M. Montgomery sold 6,891 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $185.38, for a total value of $1,277,453.58. Following the completion of the sale, the vice president now directly 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. Insiders have sold a total of 59,881 shares of company stock valued at $10,689,758 in the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

AMETEK Price Performance

NYSE AME opened at $177.77 on Friday. The stock’s 50-day moving average price is $179.45 and its two-hundred day moving average price is $164.34. The company has a current ratio of 0.98, a quick ratio of 0.59 and a debt-to-equity ratio of 0.22. The company has a market cap of $41.10 billion, a PE ratio of 31.35, a PEG ratio of 2.84 and a beta of 1.22. AMETEK, Inc. has a 1 year low of $133.12 and a 1 year high of $186.32.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 17.96% and a net margin of 19.91%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.52 EPS. On average, analysts predict that AMETEK, Inc. will post 6.82 EPS for the current year.

AMETEK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Thursday, March 7th. This is a boost from AMETEK’s previous quarterly dividend of $0.25. AMETEK’s payout ratio is 19.75%.

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.