1,322 Shares in AMETEK, Inc. (NYSE:AME) Bought by Olympiad Research LP

Olympiad Research LP bought a new position in shares of AMETEK, Inc. (NYSE:AME) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,322 shares of the technology company’s stock, valued at approximately $238,000.

Other large investors have also bought and sold shares of the company. EdgePoint Investment Group Inc. lifted its stake in shares of AMETEK by 87.9% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 1,964,236 shares of the technology company’s stock valued at $337,279,000 after purchasing an additional 918,737 shares during the period. Principal Financial Group Inc. lifted its stake in shares of AMETEK by 72.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company’s stock valued at $288,526,000 after purchasing an additional 703,501 shares during the period. Bryn Mawr Capital Management LLC lifted its stake in shares of AMETEK by 10,506.5% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 476,442 shares of the technology company’s stock valued at $812,000 after purchasing an additional 471,950 shares during the period. D1 Capital Partners L.P. acquired a new position in shares of AMETEK in the 3rd quarter valued at about $79,782,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of AMETEK by 434.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 541,517 shares of the technology company’s stock valued at $97,614,000 after purchasing an additional 440,197 shares during the period. 87.43% of the stock is owned by institutional investors.

AMETEK Stock Down 1.4 %

NYSE AME opened at $186.11 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.24 and a quick ratio of 0.75. AMETEK, Inc. has a 1 year low of $149.03 and a 1 year high of $198.33. The business’s 50-day moving average is $182.95 and its 200 day moving average is $178.36. The stock has a market capitalization of $43.05 billion, a PE ratio of 31.38, a PEG ratio of 2.77 and a beta of 1.16.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.85 by $0.02. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the business posted $1.68 earnings per share. AMETEK’s quarterly revenue was up 1.8% compared to the same quarter last year. Sell-side analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK announced that its board has approved a share repurchase program on Friday, February 7th that authorizes the company to repurchase $1.25 billion in shares. This repurchase authorization authorizes the technology company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

AMETEK Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.67%. This is a positive change from AMETEK’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, March 14th. AMETEK’s dividend payout ratio (DPR) is presently 18.89%.

Insider Activity

In related news, insider Emanuela Speranza sold 6,747 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total value of $1,321,737.30. Following the completion of the transaction, the insider now directly owns 30,460 shares in the company, valued at $5,967,114. The trade was a 18.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AME shares. KeyCorp boosted their price objective on AMETEK from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Robert W. Baird dropped their price target on AMETEK from $200.00 to $197.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Truist Financial upped their price target on AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Mizuho upped their price target on AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, StockNews.com raised AMETEK from a “hold” rating to a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $204.67.

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.