2,707 Shares in AMETEK, Inc. (NYSE:AME) Purchased by Grant Private Wealth Management Inc

Grant Private Wealth Management Inc bought a new stake in AMETEK, Inc. (NYSE:AME - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,707 shares of the technology company's stock, valued at approximately $488,000.

Other large investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. grew its position in AMETEK by 62.6% in 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 boosted its position in AMETEK by 3,116.7% in the 4th 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 increased its position in shares of AMETEK by 1,176.5% during the fourth 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 last quarter. Geneos Wealth Management Inc. lifted its stake in shares of AMETEK by 42.9% in 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 in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in AMETEK during the 4th quarter worth approximately $43,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at AMETEK

In other news, Director Thomas A. Amato sold 710 shares of the firm's stock in a transaction dated 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven W. Kohlhagen sold 1,320 shares of the business's 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 completion of the sale, the director now directly owns 22,029 shares of the company's stock, valued at $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. 0.57% of the stock is owned by insiders.

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AMETEK Price Performance

Shares of AME traded up $1.41 during midday trading on Tuesday, reaching $154.74. The stock had a trading volume of 713,068 shares, compared to its average volume of 1,253,640. The firm's 50 day moving average price is $179.92 and its 200-day moving average price is $180.82. The company has a market capitalization of $35.71 billion, a P/E ratio of 26.14, a P/E/G ratio of 2.73 and a beta of 1.14. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week 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.

AMETEK (NYSE:AME - Get Free Report) last posted 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 company had revenue of $1.76 billion for 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%. The firm's revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 earnings per share. On average, analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK announced that its board has initiated a stock 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 repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

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 issued a dividend of $0.31 per share. This is an increase from AMETEK's previous quarterly dividend of $0.28. The ex-dividend date was Friday, March 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.80%. AMETEK's payout ratio is currently 20.91%.

Wall Street Analyst Weigh In

AME has been the subject of a number of recent analyst reports. Bank of America raised shares of AMETEK from a "neutral" rating to a "buy" rating and raised their price target for the stock from $195.00 to $225.00 in a research report on Monday, December 16th. Truist Financial cut their price objective on AMETEK from $216.00 to $196.00 and set a "buy" rating on the stock in a research note on Tuesday. BNP Paribas upgraded 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. StockNews.com raised shares of AMETEK from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Finally, Robert W. Baird decreased their price target on shares of AMETEK from $200.00 to $197.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. One research 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $201.78.

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.