5,962 Shares in AMETEK, Inc. (NYSE:AME) Bought by Trexquant Investment LP

Trexquant Investment LP bought a new stake in AMETEK, Inc. (NYSE:AME - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,962 shares of the technology company's stock, valued at approximately $1,075,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of AMETEK by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 5,526,369 shares of the technology company's stock worth $993,546,000 after purchasing an additional 124,713 shares during the period. National Bank of Canada FI grew its position in AMETEK by 17.4% during the 4th quarter. National Bank of Canada FI now owns 142,093 shares of the technology company's stock valued at $25,616,000 after purchasing an additional 21,009 shares during the last quarter. HighPoint Advisor Group LLC increased its stake in AMETEK by 5.7% during the 4th quarter. HighPoint Advisor Group LLC now owns 2,344 shares of the technology company's stock valued at $434,000 after purchasing an additional 126 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of AMETEK during the fourth quarter valued at approximately $361,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in AMETEK by 14.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 17,500 shares of the technology company's stock worth $3,155,000 after acquiring an additional 2,221 shares during the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

AMETEK Stock Down 0.5 %

Shares of AME stock traded down $0.77 on Tuesday, hitting $160.59. The stock had a trading volume of 261,297 shares, compared to its average volume of 1,274,300. The company has a quick ratio of 0.75, a current ratio of 1.24 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a one year low of $145.02 and a one year high of $198.33. The business has a 50 day moving average price of $176.35 and a 200 day moving average price of $180.07. The company has a market cap of $37.06 billion, a PE ratio of 27.08, a P/E/G ratio of 2.73 and a beta of 1.14.

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

AMETEK announced that its board has approved a share repurchase program on Friday, February 7th that authorizes the company to repurchase $1.25 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

AMETEK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.24 dividend on an annualized basis and a yield of 0.77%. This is an increase from AMETEK's previous quarterly dividend of $0.28. AMETEK's dividend payout ratio (DPR) is presently 20.91%.

Insider Buying and Selling at AMETEK

In other news, Director Thomas A. Amato sold 710 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $176.64, for a total transaction of $125,414.40. Following the completion of the sale, the director now owns 10,560 shares in the company, valued at approximately $1,865,318.40. This represents a 6.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven W. Kohlhagen sold 1,320 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $189.41, for a total value of $250,021.20. Following the transaction, the director now owns 22,029 shares in the company, valued at approximately $4,172,512.89. This trade represents a 5.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AME shares. Truist Financial decreased their price objective on shares of AMETEK from $216.00 to $196.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Robert W. Baird lowered their target price on AMETEK from $200.00 to $197.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. BNP Paribas raised shares of AMETEK from a "neutral" rating to an "outperform" rating and set a $210.00 target price for the company in a report on Thursday, January 16th. StockNews.com downgraded shares of AMETEK from a "buy" rating to a "hold" rating in a report on Friday. Finally, Bank of America upgraded shares of AMETEK from a "neutral" rating to a "buy" rating and raised their price objective for the company from $195.00 to $225.00 in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, AMETEK currently has an average rating of "Moderate Buy" and an average target price of $198.60.

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.