AMETEK, Inc. (NYSE:AME) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group boosted its position in AMETEK, Inc. (NYSE:AME - Free Report) by 377.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,703 shares of the technology company's stock after purchasing an additional 217,185 shares during the quarter. Schroder Investment Management Group owned about 0.12% of AMETEK worth $49,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. lifted its stake in AMETEK by 62.6% in the third quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company's stock worth $34,000 after purchasing an additional 77 shares during the last quarter. Versant Capital Management Inc lifted its holdings in 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 buying an additional 187 shares during the period. AdvisorNet Financial Inc grew its position in shares of AMETEK by 1,176.5% in the 4th quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company's stock worth $39,000 after buying an additional 200 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of AMETEK by 42.9% during the fourth 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 period. Finally, OFI Invest Asset Management bought a new position in AMETEK in the 4th quarter worth $43,000. Institutional investors own 87.43% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Truist Financial boosted their price target on shares of AMETEK from $221.00 to $222.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. BNP Paribas upgraded AMETEK from a "neutral" rating to an "outperform" rating and set a $210.00 target price on the stock in a report on Thursday, January 16th. StockNews.com cut AMETEK from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Bank of America raised AMETEK from a "neutral" rating to a "buy" rating and upped their price target for the stock from $195.00 to $225.00 in a research note on Monday, December 16th. Finally, Robert W. Baird decreased their price objective on AMETEK from $200.00 to $197.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $204.67.

Insider Activity

In other news, Director Steven W. Kohlhagen sold 1,320 shares of the business's stock in a transaction on Monday, March 3rd. The shares were 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. The trade was a 5.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas A. Amato sold 710 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $176.64, for a total value of $125,414.40. Following the completion of the transaction, the director now owns 10,560 shares of the company's stock, valued at $1,865,318.40. This trade represents a 6.30 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company's stock.

AMETEK Trading Up 0.4 %

AME stock traded up $0.71 during midday trading on Wednesday, reaching $172.60. The company's stock had a trading volume of 2,488,049 shares, compared to its average volume of 1,234,449. AMETEK, Inc. has a 1 year low of $149.03 and a 1 year high of $198.33. The stock has a fifty day simple moving average of $181.85 and a two-hundred day simple moving average of $181.03. The firm has a market capitalization of $39.83 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 2.73 and a beta of 1.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.75 and a current ratio of 1.24.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.02. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.82 billion. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. AMETEK's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.68 earnings per share. On average, equities research analysts predict that AMETEK, Inc. will post 7.15 EPS 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 paid 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 of this dividend was Friday, March 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.72%. AMETEK's payout ratio is presently 20.91%.

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

About AMETEK

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.