Edmond DE Rothschild Holding S.A. Invests $361,000 in AMETEK, Inc. (NYSE:AME)

Edmond DE Rothschild Holding S.A. purchased a new stake in AMETEK, Inc. (NYSE:AME) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,000 shares of the technology company’s stock, valued at approximately $361,000.

A number of other large investors also recently bought and sold shares of the business. Versant Capital Management Inc increased its position in shares of AMETEK by 3,116.7% in the fourth quarter. Versant Capital Management Inc now owns 193 shares of the technology company’s stock valued at $35,000 after buying an additional 187 shares in the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of AMETEK by 62.6% in the third quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company’s stock valued at $34,000 after acquiring an additional 77 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of AMETEK by 1,176.5% in the fourth quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company’s stock worth $39,000 after acquiring an additional 200 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of AMETEK by 42.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company’s stock worth $42,000 after purchasing an additional 70 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in AMETEK in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Robert W. Baird dropped their price objective on shares of AMETEK from $200.00 to $197.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. BNP Paribas raised shares of AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 target price on the stock in a research note on Thursday, January 16th. Bank of America upgraded AMETEK from a “neutral” rating to a “buy” rating and upped their price target for the company from $195.00 to $225.00 in a research report on Monday, December 16th. Finally, Truist Financial lifted 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. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AMETEK currently has a consensus rating of “Moderate Buy” and an average target price of $204.67.

AMETEK Stock Performance

Shares of AMETEK stock opened at $171.96 on Wednesday. The firm has a market cap of $39.68 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 2.73 and a beta of 1.14. The company has a quick ratio of 0.75, a current ratio of 1.24 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a 52 week low of $149.03 and a 52 week high of $198.33. The business’s fifty day simple moving average is $182.17 and its 200-day simple moving average is $181.09.

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

AMETEK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.31 dividend. This is a positive change from AMETEK’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, March 14th. This represents a $1.24 dividend on an annualized basis and a yield of 0.72%. AMETEK’s payout ratio is presently 20.91%.

AMETEK announced that its board has authorized a share repurchase program on Friday, February 7th that authorizes the company to buyback $1.25 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director Thomas A. Amato sold 710 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $176.64, for a total transaction of $125,414.40. Following the transaction, the director now owns 10,560 shares of the company’s stock, valued at approximately $1,865,318.40. This represents a 6.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven W. Kohlhagen sold 1,320 shares of AMETEK stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $189.41, for a total value of $250,021.20. Following the completion of the transaction, the director now directly owns 22,029 shares of the company’s stock, valued at approximately $4,172,512.89. This represents a 5.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

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.