AMETEK, Inc. (NYSE:AME) Shares Acquired by Santori & Peters Inc.

Santori & Peters Inc. increased its position in shares of AMETEK, Inc. (NYSE:AME) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 245,873 shares of the technology company’s stock after acquiring an additional 123 shares during the quarter. AMETEK makes up about 17.0% of Santori & Peters Inc.’s portfolio, making the stock its 2nd biggest holding. Santori & Peters Inc. owned approximately 0.11% of AMETEK worth $44,321,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Oddo BHF Asset Management Sas purchased a new stake in shares of AMETEK in the 3rd quarter valued at approximately $3,724,000. Everence Capital Management Inc. acquired a new stake in AMETEK during the fourth quarter worth $999,000. BNP Paribas Financial Markets raised its position in AMETEK by 23.2% in the third quarter. BNP Paribas Financial Markets now owns 355,828 shares of the technology company’s stock valued at $61,099,000 after purchasing an additional 67,025 shares during the period. Czech National Bank lifted its stake in shares of AMETEK by 6.3% in the 4th quarter. Czech National Bank now owns 50,153 shares of the technology company’s stock valued at $9,041,000 after purchasing an additional 2,987 shares during the last quarter. Finally, Taurus Asset Management LLC increased its position in shares of AMETEK by 2.9% during the 3rd quarter. Taurus Asset Management LLC now owns 115,033 shares of the technology company’s stock worth $19,752,000 after purchasing an additional 3,210 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Insider Buying and Selling at AMETEK

In other AMETEK news, insider Emanuela Speranza sold 6,747 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total transaction of $1,321,737.30. Following the transaction, the insider now directly owns 30,460 shares of the company’s stock, valued at approximately $5,967,114. This trade represents a 18.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Tony J. Ciampitti sold 16,210 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the completion of the sale, the insider now directly owns 49,490 shares of the company’s stock, valued at $9,750,024.90. The trade was a 24.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Bank of America upgraded shares of AMETEK from a “neutral” rating to a “buy” rating and lifted their price target for the company from $195.00 to $225.00 in a research report on Monday, December 16th. KeyCorp raised their price target on AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Mizuho boosted their price objective on AMETEK from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Robert W. Baird lowered their target price on AMETEK from $200.00 to $197.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Truist Financial raised their price objective on shares of AMETEK from $221.00 to $222.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $204.67.

AMETEK Stock Up 0.9 %

AME stock opened at $184.54 on Friday. The company’s 50 day moving average is $184.29 and its two-hundred day moving average is $176.65. AMETEK, Inc. has a twelve month low of $149.03 and a twelve month high of $198.33. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The stock has a market cap of $42.69 billion, a P/E ratio of 32.15, a PEG ratio of 2.67 and a beta of 1.16.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.02. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.82 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. AMETEK’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.68 earnings per share. Research analysts expect that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

AMETEK declared that its Board of Directors has approved a share buyback program on Friday, February 7th that permits the company to buyback $1.25 billion in shares. This buyback authorization permits the technology company to buy up to 2.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

AMETEK Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.31 per share. This is a positive change from AMETEK’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 0.67%. AMETEK’s payout ratio is 18.89%.

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.