Savant Capital LLC Increases Holdings in AMETEK, Inc. (NYSE:AME)

Savant Capital LLC grew its holdings in shares of AMETEK, Inc. (NYSE:AME) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,824 shares of the technology company’s stock after purchasing an additional 150 shares during the quarter. Savant Capital LLC’s holdings in AMETEK were worth $631,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AME. Commonwealth Equity Services LLC grew its stake in shares of AMETEK by 1.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 15,965 shares of the technology company’s stock worth $2,359,000 after acquiring an additional 257 shares during the period. Raymond James & Associates grew its stake in shares of AMETEK by 6.4% during the 3rd quarter. Raymond James & Associates now owns 168,898 shares of the technology company’s stock worth $24,956,000 after acquiring an additional 10,173 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of AMETEK by 60.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,241 shares of the technology company’s stock worth $479,000 after acquiring an additional 1,216 shares during the period. Lindbrook Capital LLC grew its stake in shares of AMETEK by 84.3% during the 3rd quarter. Lindbrook Capital LLC now owns 435 shares of the technology company’s stock worth $64,000 after acquiring an additional 199 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AMETEK by 5.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 66,650 shares of the technology company’s stock worth $9,848,000 after acquiring an additional 3,443 shares during the period. 87.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

AMETEK Stock Performance

NYSE:AME opened at $166.56 on Friday. The business’s 50-day moving average price is $179.64 and its two-hundred day moving average price is $166.05. AMETEK, Inc. has a twelve month low of $136.89 and a twelve month high of $186.32. The stock has a market cap of $38.51 billion, a P/E ratio of 29.27, a PEG ratio of 2.61 and a beta of 1.21. The company has a quick ratio of 0.59, a current ratio of 1.11 and a debt-to-equity ratio of 0.21.

AMETEK (NYSE:AME) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.05. AMETEK had a return on equity of 17.74% and a net margin of 19.57%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter last year, the firm posted $1.49 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. As a group, equities analysts predict that AMETEK, Inc. will post 6.82 EPS for the current fiscal year.

AMETEK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. This is a boost from AMETEK’s previous quarterly dividend of $0.25. AMETEK’s dividend payout ratio (DPR) is presently 19.68%.

Insider Buying and Selling at AMETEK

In related news, CFO William Joseph Burke sold 5,973 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $168.90, for a total transaction of $1,008,839.70. Following the transaction, the chief financial officer now directly owns 101,709 shares of the company’s stock, valued at approximately $17,178,650.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Thomas A. Amato sold 780 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $182.00, for a total transaction of $141,960.00. Following the transaction, the director now directly owns 10,240 shares of the company’s stock, valued at approximately $1,863,680. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William Joseph Burke sold 5,973 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 101,709 shares in the company, valued at $17,178,650.10. The disclosure for this sale can be found here. Insiders have sold a total of 59,881 shares of company stock valued at $10,689,758 in the last 90 days. Corporate insiders own 0.61% of the company’s stock.

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.