AMETEK, Inc. (NYSE:AME) Stock Holdings Trimmed by Kohmann Bosshard Financial Services LLC

Kohmann Bosshard Financial Services LLC cut its stake in shares of AMETEK, Inc. (NYSE:AME) by 7.3% in the 4th quarter, Holdings Channel reports. The firm owned 1,492 shares of the technology company’s stock after selling 117 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in AMETEK were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in AME. Financial Advocates Investment Management grew its holdings in shares of AMETEK by 5.9% during the third quarter. Financial Advocates Investment Management now owns 2,183 shares of the technology company’s stock valued at $375,000 after purchasing an additional 122 shares during the last quarter. US Bancorp DE grew its holdings in shares of AMETEK by 12.3% during the third quarter. US Bancorp DE now owns 36,695 shares of the technology company’s stock valued at $6,301,000 after purchasing an additional 4,022 shares during the last quarter. Stephens Inc. AR grew its holdings in shares of AMETEK by 0.8% during the third quarter. Stephens Inc. AR now owns 37,595 shares of the technology company’s stock valued at $6,455,000 after purchasing an additional 312 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of AMETEK by 8.2% during the third quarter. Chicago Partners Investment Group LLC now owns 2,113 shares of the technology company’s stock valued at $352,000 after purchasing an additional 161 shares during the last quarter. Finally, Ceredex Value Advisors LLC bought a new position in shares of AMETEK during the third quarter valued at approximately $40,811,000. 87.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AME shares. Bank of America raised AMETEK from a “neutral” rating to a “buy” rating and upped their target price for the company from $195.00 to $225.00 in a report on Monday, December 16th. BNP Paribas raised AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 target price for the company in a report on Thursday, January 16th. Robert W. Baird reduced their price objective on AMETEK from $200.00 to $197.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Truist Financial boosted their price objective on AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, StockNews.com downgraded AMETEK from a “buy” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $204.67.

AMETEK Stock Performance

Shares of NYSE AME opened at $189.18 on Friday. The company has a market cap of $43.64 billion, a PE ratio of 31.90, a P/E/G ratio of 2.73 and a beta of 1.16. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a 12-month low of $149.03 and a 12-month high of $198.33. The stock has a 50 day simple moving average of $183.25 and a 200-day simple moving average of $179.19.

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

AMETEK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.66%. This is an increase 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 is 20.91%.

AMETEK announced that its board has authorized a share repurchase program on Friday, February 7th that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the technology company to purchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.