Curi RMB Capital LLC Purchases 34,152 Shares of AMETEK, Inc. (NYSE:AME)

Curi RMB Capital LLC boosted its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 17.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 229,382 shares of the technology company's stock after buying an additional 34,152 shares during the period. AMETEK makes up 1.0% of Curi RMB Capital LLC's portfolio, making the stock its 23rd largest holding. Curi RMB Capital LLC owned 0.10% of AMETEK worth $41,348,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc increased its stake in shares of AMETEK by 3,116.7% during the fourth quarter. Versant Capital Management Inc now owns 193 shares of the technology company's stock worth $35,000 after purchasing an additional 187 shares during the period. AdvisorNet Financial Inc grew its holdings 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 buying an additional 200 shares in the last quarter. Geneos Wealth Management Inc. increased its position in AMETEK by 42.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company's stock worth $42,000 after buying an additional 70 shares during the period. OFI Invest Asset Management acquired a new stake in shares of AMETEK during the fourth quarter worth $43,000. Finally, Anchor Investment Management LLC boosted its position 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 acquiring an additional 205 shares during the period. 87.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AME shares. Morgan Stanley began coverage on shares of AMETEK in a research note on Monday, April 14th. They issued an "equal weight" rating and a $170.00 price objective for the company. StockNews.com cut AMETEK from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. BNP Paribas upgraded AMETEK from a "neutral" rating to an "outperform" rating and set a $210.00 price objective on the stock in a research note on Thursday, January 16th. Truist Financial cut their target price on AMETEK from $216.00 to $196.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Robert W. Baird dropped their price target on AMETEK from $200.00 to $197.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $198.60.

Insiders Place Their Bets

In related news, Director Thomas A. Amato sold 710 shares of the business's stock in a transaction 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 sale, the director now owns 10,560 shares of the company's stock, valued at $1,865,318.40. The trade was a 6.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven W. Kohlhagen sold 1,320 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $189.41, for a total value of $250,021.20. Following the transaction, the director now directly owns 22,029 shares of the company's stock, valued at approximately $4,172,512.89. This represents a 5.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.57% of the company's stock.

AMETEK Price Performance

AME stock traded up $2.53 during trading on Wednesday, reaching $162.18. 1,755,359 shares of the company were exchanged, compared to its average volume of 1,291,125. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $198.33. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.24 and a quick ratio of 0.75. The company has a market capitalization of $37.42 billion, a price-to-earnings ratio of 27.35, a P/E/G ratio of 2.73 and a beta of 1.14. The company has a 50-day moving average of $173.17 and a two-hundred day moving average of $179.53.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.87 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 16.94% and a net margin of 19.83%. AMETEK's revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.68 EPS. As a group, equities analysts predict that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from AMETEK's previous quarterly dividend of $0.28. AMETEK's dividend payout ratio (DPR) is 20.91%.

AMETEK announced that its board has authorized a share repurchase plan 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 shares through open market purchases. Shares buyback plans are often a sign that the company's board 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.