AMETEK, Inc. (NYSE:AME) Holdings Boosted by Fox Run Management L.L.C.

Fox Run Management L.L.C. increased its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 74.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,418 shares of the technology company's stock after purchasing an additional 3,584 shares during the quarter. Fox Run Management L.L.C.'s holdings in AMETEK were worth $1,517,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AME. Versant Capital Management Inc increased 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 in the last quarter. Itau Unibanco Holding S.A. grew 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 acquiring an additional 77 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in AMETEK by 1,176.5% during the 4th quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company's stock valued at $39,000 after acquiring an additional 200 shares in the last quarter. Geneos Wealth Management Inc. raised 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 worth $42,000 after acquiring an additional 70 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in AMETEK during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 87.43% of the company's stock.

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AMETEK Trading Up 0.1 %

Shares of AME traded up $0.23 during trading hours on Tuesday, hitting $179.05. The stock had a trading volume of 335,026 shares, compared to its average volume of 1,163,200. AMETEK, Inc. has a 12-month low of $149.03 and a 12-month high of $198.33. The firm has a market cap of $41.31 billion, a P/E ratio of 30.19, a P/E/G 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. The company's fifty day simple moving average is $182.97 and its 200 day simple moving average is $180.71.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.82 billion. AMETEK had a return on equity of 16.94% and a net margin of 19.83%. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 EPS. Equities research analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK declared that its Board of Directors has initiated a stock buyback program on Friday, February 7th that permits the company to buyback $1.25 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 2.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

AMETEK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.31 per share. This is a boost from AMETEK's previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Friday, March 14th. AMETEK's payout ratio is presently 20.91%.

Insider Activity

In other AMETEK news, Director Steven W. Kohlhagen sold 1,320 shares of the stock in a transaction that occurred 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 transaction, the director now owns 22,029 shares of the company's stock, valued at $4,172,512.89. This trade represents a 5.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Robert W. Baird dropped their price objective on shares of AMETEK from $200.00 to $197.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Bank of America raised AMETEK from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $195.00 to $225.00 in a report on Monday, December 16th. Truist Financial increased their price objective on AMETEK from $221.00 to $222.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. StockNews.com upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a report on Sunday, March 9th. Finally, BNP Paribas upgraded shares of AMETEK from a "neutral" rating to an "outperform" rating and set a $210.00 price target for the company in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $204.67.

AMETEK Company 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.