AMETEK, Inc. (NYSE:AME) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG trimmed its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 31.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,438 shares of the technology company's stock after selling 18,925 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in AMETEK were worth $7,470,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. grew its stake in AMETEK by 62.6% during the third quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company's stock valued at $34,000 after acquiring an additional 77 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of AMETEK by 3,116.7% during 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 increased its position in AMETEK by 1,176.5% in the fourth quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company's stock worth $39,000 after purchasing an additional 200 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in 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 purchasing an additional 70 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of AMETEK in the 4th quarter worth $43,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other news, 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 transaction of $250,021.20. Following the transaction, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas A. Amato sold 710 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly 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. Insiders own 0.57% of the company's stock.

AMETEK Trading Down 6.6 %

Shares of AME traded down $11.38 during trading hours on Thursday, reaching $161.34. 1,872,974 shares of the company traded hands, compared to its average volume of 1,236,984. The stock's fifty day moving average price is $181.85 and its 200 day moving average price is $181.03. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 0.15. The firm has a market cap of $37.23 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 2.73 and a beta of 1.14. AMETEK, Inc. has a 12-month low of $149.03 and a 12-month high of $198.33.

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

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

AMETEK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.77%. This is a boost from AMETEK's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, March 14th. AMETEK's dividend payout ratio is currently 20.91%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AME. Bank of America raised shares of AMETEK from a "neutral" rating to a "buy" rating and increased their price target for the company from $195.00 to $225.00 in a report on Monday, December 16th. Robert W. Baird dropped their target price on AMETEK from $200.00 to $197.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. BNP Paribas raised AMETEK from a "neutral" rating to an "outperform" rating and set a $210.00 target price on the stock in a research report on Thursday, January 16th. StockNews.com upgraded AMETEK from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Truist Financial boosted their price objective 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. One investment 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $204.67.

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.