AMETEK, Inc. (NYSE:AME) Shares Bought by Flossbach Von Storch AG

Flossbach Von Storch AG increased its holdings in AMETEK, Inc. (NYSE:AME) by 10.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,586,030 shares of the technology company’s stock after buying an additional 252,455 shares during the period. AMETEK comprises approximately 1.9% of Flossbach Von Storch AG’s holdings, making the stock its 18th biggest position. Flossbach Von Storch AG owned 1.12% of AMETEK worth $426,410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. SeaCrest Wealth Management LLC raised its position in shares of AMETEK by 1.5% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 5,660 shares of the technology company’s stock worth $836,000 after purchasing an additional 82 shares during the period. CreativeOne Wealth LLC grew its position in shares of AMETEK by 3.3% during the fourth quarter. CreativeOne Wealth LLC now owns 2,548 shares of the technology company’s stock worth $356,000 after acquiring an additional 82 shares during the last quarter. Lincoln National Corp increased its holdings in shares of AMETEK by 6.1% in the 3rd quarter. Lincoln National Corp now owns 1,436 shares of the technology company’s stock worth $212,000 after acquiring an additional 83 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in AMETEK by 4.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,919 shares of the technology company’s stock valued at $284,000 after purchasing an additional 85 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in AMETEK by 2.7% during the 4th quarter. Venturi Wealth Management LLC now owns 3,203 shares of the technology company’s stock valued at $528,000 after purchasing an additional 85 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Price Performance

Shares of NYSE AME traded down $1.04 during trading on Wednesday, hitting $178.05. The company had a trading volume of 900,870 shares, compared to its average volume of 951,097. AMETEK, Inc. has a 52 week low of $133.12 and a 52 week high of $186.32. The business’s 50-day moving average is $179.04 and its 200 day moving average is $164.04. The company has a market cap of $41.17 billion, a P/E ratio of 31.40, a PEG ratio of 2.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.59 and a current ratio of 0.98.

AMETEK (NYSE:AME) last announced its earnings results on Tuesday, February 6th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.06. AMETEK had a return on equity of 17.96% and a net margin of 19.91%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the firm earned $1.52 earnings per share. AMETEK’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities research analysts predict that AMETEK, Inc. will post 6.82 earnings per share for the current fiscal year.

AMETEK Increases Dividend

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

Insiders Place Their Bets

In other news, VP Thomas M. Montgomery sold 6,891 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was 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 owns 21,543 shares of the company’s stock, valued at $3,993,641.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Thomas M. Montgomery sold 6,891 shares of the firm’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 transaction of $1,277,453.58. Following the completion of the sale, the vice president now directly owns 21,543 shares in the company, valued at $3,993,641.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO William Joseph Burke sold 5,973 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $168.90, for a total transaction of $1,008,839.70. Following the completion of the transaction, the chief financial officer now owns 101,709 shares in the company, valued at approximately $17,178,650.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,881 shares of company stock worth $10,689,758. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Royal Bank of Canada reduced their price objective on AMETEK from $192.00 to $188.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. KeyCorp raised their target price on shares of AMETEK from $182.00 to $205.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Finally, Truist Financial started coverage on shares of AMETEK in a research report on Thursday, March 14th. They set a “buy” rating and a $210.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $180.78.

About AMETEK

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.