464,633 Shares in AMETEK, Inc. (NYSE:AME) Purchased by D1 Capital Partners L.P.

D1 Capital Partners L.P. bought a new stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 464,633 shares of the technology company's stock, valued at approximately $79,782,000. AMETEK makes up 1.5% of D1 Capital Partners L.P.'s investment portfolio, making the stock its 22nd largest holding. D1 Capital Partners L.P. owned about 0.20% of AMETEK at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AME. Public Sector Pension Investment Board raised its position in shares of AMETEK by 12.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 10,067 shares of the technology company's stock valued at $1,729,000 after purchasing an additional 1,100 shares during the period. Fiduciary Trust Co grew its position in shares of AMETEK by 19.5% during the third quarter. Fiduciary Trust Co now owns 1,535 shares of the technology company's stock worth $264,000 after purchasing an additional 250 shares in the last quarter. FORA Capital LLC raised its stake in AMETEK by 395.1% during the 3rd quarter. FORA Capital LLC now owns 26,039 shares of the technology company's stock valued at $4,471,000 after purchasing an additional 20,780 shares during the period. CreativeOne Wealth LLC bought a new position in AMETEK in the 3rd quarter worth approximately $372,000. Finally, Townsquare Capital LLC grew its holdings in AMETEK by 9.3% during the 3rd quarter. Townsquare Capital LLC now owns 35,678 shares of the technology company's stock valued at $6,126,000 after buying an additional 3,041 shares in the last quarter. Institutional investors own 87.43% of the company's stock.

AMETEK Trading Down 0.4 %

AME traded down $0.72 during trading on Friday, reaching $194.38. The company had a trading volume of 1,098,721 shares, compared to its average volume of 1,154,010. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.18. AMETEK, Inc. has a 52 week low of $149.03 and a 52 week high of $198.33. The stock has a market cap of $44.96 billion, a P/E ratio of 33.99, a PEG ratio of 3.18 and a beta of 1.16. The business has a 50 day simple moving average of $178.58 and a 200-day simple moving average of $171.43.

AMETEK (NYSE:AME - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The firm had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same period in the previous year, the company earned $1.64 EPS. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities analysts anticipate that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.

AMETEK Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, December 6th. AMETEK's dividend payout ratio is presently 19.51%.

Insider Buying and Selling

In related news, insider David F. Hermance sold 6,243 shares of AMETEK stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the transaction, the insider now directly owns 36,731 shares of the company's stock, valued at $7,015,253.69. This trade represents a 14.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven W. Kohlhagen sold 1,460 shares of the company's stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $171.59, for a total value of $250,521.40. Following the sale, the director now owns 23,349 shares of the company's stock, valued at approximately $4,006,454.91. This represents a 5.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,660 shares of company stock valued at $5,958,141 over the last quarter. 0.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. TD Cowen lowered shares of AMETEK from a "hold" rating to a "sell" rating in a research report on Monday, October 7th. Redburn Atlantic raised AMETEK to a "strong-buy" rating in a report on Friday, August 2nd. KeyCorp increased their price target on AMETEK from $205.00 to $215.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Truist Financial raised their price target on AMETEK from $219.00 to $221.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Royal Bank of Canada lowered their target price on AMETEK from $216.00 to $215.00 and set an "outperform" rating for the company in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $199.29.

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.