National Bank of Canada FI Has $25.62 Million Stock Position in AMETEK, Inc. (NYSE:AME)

National Bank of Canada FI lifted its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 17.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 142,093 shares of the technology company's stock after purchasing an additional 21,009 shares during the quarter. National Bank of Canada FI owned 0.06% of AMETEK worth $25,616,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in AMETEK in the 4th quarter valued at about $697,080,000. EdgePoint Investment Group Inc. boosted its holdings in shares of AMETEK by 87.9% in the third quarter. EdgePoint Investment Group Inc. now owns 1,964,236 shares of the technology company's stock valued at $337,279,000 after acquiring an additional 918,737 shares in the last quarter. American Century Companies Inc. increased its stake in shares of AMETEK by 240.3% during the fourth quarter. American Century Companies Inc. now owns 1,125,068 shares of the technology company's stock valued at $202,805,000 after acquiring an additional 794,473 shares during the period. Principal Financial Group Inc. raised its holdings in AMETEK by 72.0% during the third quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company's stock worth $288,526,000 after purchasing an additional 703,501 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC boosted its stake in AMETEK by 10,506.5% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 476,442 shares of the technology company's stock valued at $812,000 after purchasing an additional 471,950 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at AMETEK

In other AMETEK news, Director Thomas A. Amato sold 710 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were 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 directly owns 10,560 shares in the company, valued at $1,865,318.40. This represents a 6.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven W. Kohlhagen sold 1,320 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $189.41, for a total value of $250,021.20. Following the sale, the director now owns 22,029 shares of the company's stock, valued at approximately $4,172,512.89. The trade was a 5.65 % decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.

AMETEK Stock Up 1.7 %

NYSE AME traded up $2.53 during trading on Tuesday, reaching $155.86. 649,612 shares of the company's stock were exchanged, compared to its average volume of 1,253,457. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $198.33. The company's fifty day simple moving average is $179.92 and its 200-day simple moving average is $180.82. The firm has a market capitalization of $35.96 billion, a PE ratio of 26.33, a P/E/G ratio of 2.73 and a beta of 1.14.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.85 by $0.02. The business had revenue of $1.76 billion for 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%. AMETEK's revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.68 EPS. Sell-side analysts predict that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK declared that its Board of Directors has approved a stock repurchase program on Friday, February 7th that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the technology company to purchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

AMETEK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.31 per share. This is a positive change from AMETEK's previous quarterly dividend of $0.28. The ex-dividend date was Friday, March 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.80%. AMETEK's dividend payout ratio is currently 20.91%.

Analysts Set New Price Targets

A number of research firms have recently commented on AME. Robert W. Baird dropped their price objective on AMETEK from $200.00 to $197.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. StockNews.com raised shares of AMETEK from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Truist Financial lowered their price objective on shares of AMETEK from $216.00 to $196.00 and set a "buy" rating on the stock in a research note on Tuesday. 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 research note on Thursday, January 16th. Finally, Bank of America upgraded shares of AMETEK from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $195.00 to $225.00 in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AMETEK presently has a consensus rating of "Moderate Buy" and a consensus target price of $201.78.

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.