Arlington Trust Co LLC Purchases Shares of 252 AMETEK, Inc. (NYSE:AME)

Arlington Trust Co LLC bought a new position in shares of AMETEK, Inc. (NYSE:AME) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 252 shares of the technology company’s stock, valued at approximately $42,000.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of AMETEK by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 24,608,566 shares of the technology company’s stock worth $3,277,369,000 after acquiring an additional 463,926 shares in the last quarter. BlackRock Inc. boosted its stake in shares of AMETEK by 4.2% during the 1st quarter. BlackRock Inc. now owns 16,215,102 shares of the technology company’s stock worth $2,356,541,000 after acquiring an additional 658,629 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of AMETEK by 2.3% during the 1st quarter. Geode Capital Management LLC now owns 4,733,274 shares of the technology company’s stock worth $686,321,000 after acquiring an additional 105,377 shares in the last quarter. Morgan Stanley boosted its stake in shares of AMETEK by 19.2% during the 3rd quarter. Morgan Stanley now owns 4,189,108 shares of the technology company’s stock worth $618,983,000 after acquiring an additional 674,549 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of AMETEK by 643.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,953,131 shares of the technology company’s stock worth $552,332,000 after acquiring an additional 3,421,558 shares in the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO William Joseph Burke sold 5,973 shares of AMETEK stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $168.90, for a total transaction of $1,008,839.70. Following the sale, the chief financial officer now owns 101,709 shares of the company’s stock, valued at approximately $17,178,650.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO William Joseph Burke sold 5,973 shares of AMETEK stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $168.90, for a total value of $1,008,839.70. Following the completion of the sale, the chief financial officer now owns 101,709 shares in the company, valued at approximately $17,178,650.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven W. Kohlhagen sold 1,400 shares of AMETEK stock in a transaction that occurred on 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 sale, the director now 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. In the last 90 days, insiders have sold 59,881 shares of company stock valued at $10,689,758. 0.61% of the stock is currently owned by company insiders.

AMETEK Trading Up 1.6 %

AME opened at $182.22 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.98 and a quick ratio of 0.59. The company’s 50 day simple moving average is $176.81 and its two-hundred day simple moving average is $162.46. AMETEK, Inc. has a 1-year low of $133.12 and a 1-year high of $186.32. The firm has a market capitalization of $42.13 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 2.91 and a beta of 1.22.

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

AMETEK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Thursday, March 7th. This is a positive change from AMETEK’s previous quarterly dividend of $0.25. AMETEK’s payout ratio is presently 19.75%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AME shares. KeyCorp increased their target price on shares of AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. Truist Financial assumed coverage on shares of AMETEK in a research report on Thursday, March 14th. They set a “buy” rating and a $210.00 price target for the company. Finally, Royal Bank of Canada reduced their price target on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, AMETEK has a consensus rating of “Moderate Buy” and an average price target of $180.78.

AMETEK Company 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.