O Shaughnessy Asset Management LLC Buys 2,221 Shares of AMETEK, Inc. (NYSE:AME)

O Shaughnessy Asset Management LLC raised its position in AMETEK, Inc. (NYSE:AME - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,500 shares of the technology company's stock after buying an additional 2,221 shares during the period. O Shaughnessy Asset Management LLC's holdings in AMETEK were worth $3,155,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AME. Versant Capital Management Inc boosted its holdings in shares of AMETEK by 3,116.7% in the 4th quarter. Versant Capital Management Inc now owns 193 shares of the technology company's stock worth $35,000 after acquiring an additional 187 shares in the last quarter. AdvisorNet Financial Inc raised its position in AMETEK by 1,176.5% in the 4th quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company's stock valued at $39,000 after purchasing an additional 200 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in AMETEK by 42.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company's stock worth $42,000 after purchasing an additional 70 shares in the last quarter. OFI Invest Asset Management bought a new stake in shares of AMETEK during the fourth quarter worth $43,000. Finally, Anchor Investment Management LLC increased its stake in shares of AMETEK by 366.1% in the third quarter. Anchor Investment Management LLC now owns 261 shares of the technology company's stock valued at $45,000 after buying an additional 205 shares in the last quarter. 87.43% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of equities research analysts have commented on AME shares. Bank of America raised shares of AMETEK from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $195.00 to $225.00 in a report on Monday, December 16th. Robert W. Baird decreased their price target on shares of AMETEK from $200.00 to $197.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. BNP Paribas raised AMETEK from a "neutral" rating to an "outperform" rating and set a $210.00 price objective on the stock in a report on Thursday, January 16th. Truist Financial decreased their price objective on AMETEK from $216.00 to $196.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, StockNews.com upgraded AMETEK from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $201.78.

AMETEK Trading Up 1.1 %

NYSE:AME traded up $1.76 during mid-day trading on Tuesday, hitting $155.09. The company had a trading volume of 554,609 shares, compared to its average volume of 1,381,638. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.75 and a current ratio of 1.24. The firm has a market cap of $35.79 billion, a P/E ratio of 26.15, a P/E/G ratio of 2.73 and a beta of 1.14. The business's fifty day moving average is $179.92 and its two-hundred day moving average is $180.82. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last issued its 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. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm earned $1.68 earnings per share. The business's quarterly revenue was up 1.8% on a year-over-year basis. As a group, research analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.31 per share. 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%. This is a positive change from AMETEK's previous quarterly dividend of $0.28. AMETEK's dividend payout ratio (DPR) is currently 20.91%.

AMETEK announced that its Board of Directors has initiated a share buyback plan on Friday, February 7th that permits the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization permits the technology company to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Insider Activity

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

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.