SRN Advisors LLC Makes New Investment in AMETEK, Inc. (NYSE:AME)

SRN Advisors LLC bought a new position in AMETEK, Inc. (NYSE:AME - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,828 shares of the technology company's stock, valued at approximately $690,000.

A number of other institutional investors have also modified their holdings of the stock. MassMutual Private Wealth & Trust FSB raised its stake in shares of AMETEK by 4.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,450 shares of the technology company's stock valued at $261,000 after buying an additional 63 shares during the last quarter. AlphaMark Advisors LLC raised its stake in shares of AMETEK by 2.1% during the 4th quarter. AlphaMark Advisors LLC now owns 3,348 shares of the technology company's stock valued at $604,000 after buying an additional 70 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of AMETEK by 42.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company's stock valued at $42,000 after buying an additional 70 shares during the last quarter. Quotient Wealth Partners LLC raised its stake in shares of AMETEK by 3.9% during the 4th quarter. Quotient Wealth Partners LLC now owns 1,843 shares of the technology company's stock valued at $332,000 after buying an additional 70 shares during the last quarter. Finally, Howard Capital Management Inc. raised its stake in shares of AMETEK by 5.0% during the 4th quarter. Howard Capital Management Inc. now owns 1,501 shares of the technology company's stock valued at $271,000 after buying an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company's stock.

AMETEK Price Performance

AME stock traded up $1.85 during trading on Friday, hitting $189.18. The stock had a trading volume of 2,096,753 shares, compared to its average volume of 1,325,322. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.24 and a quick ratio of 0.75. AMETEK, Inc. has a twelve month low of $149.03 and a twelve month high of $198.33. The stock has a market capitalization of $43.64 billion, a P/E ratio of 31.90, a PEG ratio of 2.73 and a beta of 1.16. The company's 50-day moving average price is $183.25 and its two-hundred day moving average price is $179.19.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.02. AMETEK had a return on equity of 16.94% and a net margin of 19.83%. The company had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.82 billion. During the same period in the previous year, the firm posted $1.68 EPS. AMETEK's revenue was up 1.8% compared to the same quarter last year. As a group, research analysts predict that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK declared that its board has authorized a share buyback program on Friday, February 7th that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

AMETEK Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.66%. This is a positive change from AMETEK's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, March 14th. AMETEK's dividend payout ratio (DPR) is 20.91%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AME. Truist Financial lifted their price objective on AMETEK from $221.00 to $222.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Bank of America upgraded AMETEK from a "neutral" rating to a "buy" rating and raised their target price for the company from $195.00 to $225.00 in a research report on Monday, December 16th. StockNews.com cut AMETEK from a "buy" rating to a "hold" rating in a research report on Saturday. BNP Paribas upgraded AMETEK from a "neutral" rating to an "outperform" rating and set a $210.00 target price on the stock in a research report on Thursday, January 16th. Finally, KeyCorp raised their target price on AMETEK from $205.00 to $215.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $204.67.

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.