AMETEK, Inc. (NYSE:AME) Shares Bought by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. grew its stake in shares of AMETEK, Inc. (NYSE:AMEFree Report) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,089 shares of the technology company’s stock after purchasing an additional 81 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in AMETEK were worth $9,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AME. Norges Bank acquired a new stake in AMETEK during the fourth quarter worth approximately $509,944,000. Price T Rowe Associates Inc. MD raised its holdings in AMETEK by 643.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,953,131 shares of the technology company’s stock worth $552,332,000 after purchasing an additional 3,421,558 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in AMETEK by 39,681.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,827,569 shares of the technology company’s stock worth $255,348,000 after purchasing an additional 1,822,975 shares in the last quarter. Morgan Stanley increased its holdings in shares of AMETEK by 93.2% in the 4th quarter. Morgan Stanley now owns 3,678,094 shares of the technology company’s stock valued at $513,903,000 after acquiring an additional 1,774,651 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of AMETEK by 4.2% in the 1st quarter. BlackRock Inc. now owns 16,215,102 shares of the technology company’s stock valued at $2,356,541,000 after acquiring an additional 658,629 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

Insider Buying and Selling

In related news, CFO William Joseph Burke sold 27,400 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $185.05, for a total value of $5,070,370.00. Following the completion of the transaction, the chief financial officer now owns 106,512 shares of the company’s stock, valued at approximately $19,710,045.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO William Joseph Burke sold 27,400 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $185.05, for a total value of $5,070,370.00. Following the completion of the transaction, the chief financial officer now owns 106,512 shares of the company’s stock, valued at approximately $19,710,045.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven W. Kohlhagen sold 1,400 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $180.59, for a total transaction of $252,826.00. Following the completion of the transaction, the director now directly owns 28,054 shares of the company’s stock, valued at approximately $5,066,271.86. The disclosure for this sale can be found here. Insiders have sold 59,881 shares of company stock worth $10,689,758 in the last three months. Corporate insiders own 0.61% of the company’s stock.

AMETEK Price Performance

Shares of NYSE AME opened at $181.15 on Thursday. The firm has a market capitalization of $41.88 billion, a P/E ratio of 31.95, a PEG ratio of 2.88 and a beta of 1.22. AMETEK, Inc. has a one year low of $133.12 and a one year high of $186.32. The company’s fifty day moving average is $175.76 and its two-hundred day moving average is $161.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.59 and a current ratio of 0.98.

AMETEK (NYSE:AMEGet Free Report) last issued its earnings results on Tuesday, February 6th. The technology company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.62 by $0.06. AMETEK had a net margin of 19.91% and a return on equity of 17.96%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the firm earned $1.52 EPS. The business’s revenue was up 6.1% on a year-over-year basis. Analysts forecast that AMETEK, Inc. will post 6.82 EPS for the current fiscal year.

AMETEK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were given a $0.28 dividend. The ex-dividend date was Thursday, March 7th. This is a positive change from AMETEK’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. AMETEK’s payout ratio is currently 19.75%.

Analysts Set New Price Targets

A number of brokerages have recently commented on AME. Royal Bank of Canada cut their target price on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Truist Financial began coverage on shares of AMETEK in a report on Thursday, March 14th. They issued a “buy” rating and a $210.00 target price on the stock. StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. Finally, KeyCorp lifted their target price on shares of AMETEK from $182.00 to $205.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $180.78.

View Our Latest Stock Report on AME

AMETEK Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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