Assenagon Asset Management S.A. Has $97.61 Million Stock Position in AMETEK, Inc. (NYSE:AME)

Assenagon Asset Management S.A. raised its position in AMETEK, Inc. (NYSE:AME - Free Report) by 434.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 541,517 shares of the technology company's stock after acquiring an additional 440,197 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.23% of AMETEK worth $97,614,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. lifted its stake in AMETEK by 62.6% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company's stock valued at $34,000 after purchasing an additional 77 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of AMETEK by 3,116.7% in the fourth quarter. Versant Capital Management Inc now owns 193 shares of the technology company's stock valued at $35,000 after buying an additional 187 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in shares of AMETEK by 1,176.5% during the 4th quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company's stock worth $39,000 after acquiring an additional 200 shares during the period. Princeton Global Asset Management LLC acquired a new position in shares of AMETEK during the 3rd quarter worth approximately $44,000. Finally, Anchor Investment Management LLC raised its stake in AMETEK by 366.1% in the 3rd quarter. Anchor Investment Management LLC now owns 261 shares of the technology company's stock valued at $45,000 after acquiring an additional 205 shares during the period. Institutional investors own 87.43% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on AME shares. Truist Financial upped their price objective on shares of AMETEK from $219.00 to $221.00 and gave the company a "buy" rating in a report on Friday, November 1st. Mizuho upped their price target on shares of AMETEK from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. TD Cowen downgraded shares of AMETEK from a "hold" rating to a "sell" rating in a research report on Monday, October 7th. Robert W. Baird upped their target price on AMETEK from $166.00 to $186.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Finally, StockNews.com raised AMETEK from a "hold" rating to a "buy" rating in a report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, AMETEK currently has a consensus rating of "Moderate Buy" and an average target price of $202.50.

AMETEK Price Performance

NYSE:AME traded up $0.87 during trading hours on Wednesday, reaching $180.02. 683,208 shares of the company were exchanged, compared to its average volume of 885,255. The company has a market capitalization of $41.64 billion, a P/E ratio of 31.36, a P/E/G ratio of 3.08 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. The business has a 50 day moving average of $187.75 and a 200 day moving average of $174.94. AMETEK, Inc. has a 1-year low of $149.03 and a 1-year high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last released its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.71 billion. AMETEK had a return on equity of 16.88% and a net margin of 19.27%. AMETEK's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.64 EPS. Research analysts forecast that AMETEK, Inc. will post 6.8 EPS for the current year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Friday, December 6th. AMETEK's payout ratio is presently 19.51%.

Insider Transactions at AMETEK

In other news, insider Tony J. Ciampitti sold 16,210 shares of the business's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the completion of the transaction, the insider now owns 49,490 shares of the company's stock, valued at approximately $9,750,024.90. The trade was a 24.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David F. Hermance sold 6,243 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $190.99, for a total value of $1,192,350.57. Following the sale, the insider now owns 36,731 shares of the company's stock, valued at approximately $7,015,253.69. This represents a 14.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,200 shares of company stock valued at $5,707,620. Company insiders own 0.61% of the company's stock.

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.