AMETEK, Inc. (NYSE:AME) Holdings Raised by Sciencast Management LP

Sciencast Management LP increased its position in shares of AMETEK, Inc. (NYSE:AME) by 55.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,587 shares of the technology company’s stock after purchasing an additional 3,793 shares during the quarter. AMETEK accounts for about 1.2% of Sciencast Management LP’s investment portfolio, making the stock its 12th largest holding. Sciencast Management LP’s holdings in AMETEK were worth $1,936,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AME. Toroso Investments LLC boosted its position in AMETEK by 44.0% during the 3rd quarter. Toroso Investments LLC now owns 5,793 shares of the technology company’s stock valued at $856,000 after purchasing an additional 1,769 shares during the period. Public Sector Pension Investment Board boosted its holdings in shares of AMETEK by 12.2% during the third quarter. Public Sector Pension Investment Board now owns 24,760 shares of the technology company’s stock valued at $3,659,000 after acquiring an additional 2,691 shares during the period. American Century Companies Inc. grew its position in shares of AMETEK by 0.3% during the third quarter. American Century Companies Inc. now owns 732,519 shares of the technology company’s stock worth $108,237,000 after acquiring an additional 2,163 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of AMETEK by 4.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,919 shares of the technology company’s stock worth $284,000 after acquiring an additional 85 shares during the period. Finally, DNB Asset Management AS lifted its position in AMETEK by 19.0% in the 4th quarter. DNB Asset Management AS now owns 91,737 shares of the technology company’s stock valued at $15,127,000 after purchasing an additional 14,654 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Price Performance

NYSE AME traded up $0.22 on Friday, reaching $169.54. The company’s stock had a trading volume of 874,049 shares, compared to its average volume of 1,057,114. The firm’s 50 day moving average is $168.93 and its two-hundred day moving average is $171.82. The stock has a market cap of $39.24 billion, a PE ratio of 29.80, a PEG ratio of 2.66 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.66 and a current ratio of 1.11. AMETEK, Inc. has a twelve month low of $136.89 and a twelve month high of $186.32.

AMETEK (NYSE:AME) last released its earnings results on Thursday, May 2nd. The technology company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.59 by $0.05. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.78 billion. AMETEK had a net margin of 19.57% and a return on equity of 17.74%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.49 earnings per share. As a group, sell-side analysts predict that AMETEK, Inc. will post 6.81 EPS for the current year.

AMETEK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Friday, June 14th. AMETEK’s dividend payout ratio (DPR) is presently 19.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Oppenheimer upgraded shares of AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 price target on the stock in a research note on Wednesday, May 22nd. Truist Financial reduced their price target on AMETEK from $210.00 to $204.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Robert W. Baird lowered their price target on AMETEK from $173.00 to $171.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. Finally, StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.20.

Insider Activity

In other AMETEK news, Director Steven W. Kohlhagen sold 1,470 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $170.20, for a total value of $250,194.00. Following the completion of the transaction, the director now directly owns 26,249 shares in the company, valued at $4,467,579.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Steven W. Kohlhagen sold 1,440 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $173.93, for a total transaction of $250,459.20. Following the transaction, the director now directly owns 24,809 shares of the company’s stock, valued at $4,315,029.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven W. Kohlhagen sold 1,470 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $170.20, for a total value of $250,194.00. Following the sale, the director now owns 26,249 shares of the company’s stock, valued at $4,467,579.80. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

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.