Jump Financial LLC Sells 40,648 Shares of AMETEK, Inc. (NYSE:AME)

Jump Financial LLC lowered its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 76.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,493 shares of the technology company's stock after selling 40,648 shares during the quarter. Jump Financial LLC's holdings in AMETEK were worth $2,252,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AME. Bridgewater Associates LP acquired a new position in AMETEK during the 4th quarter worth $204,000. Ontario Teachers Pension Plan Board boosted its position in AMETEK by 80.5% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 12,789 shares of the technology company's stock worth $2,305,000 after acquiring an additional 5,704 shares during the period. Value Partners Investments Inc. boosted its position in AMETEK by 5.1% during the 4th quarter. Value Partners Investments Inc. now owns 5,228 shares of the technology company's stock worth $942,000 after acquiring an additional 254 shares during the period. LaSalle St. Investment Advisors LLC acquired a new position in AMETEK during the 4th quarter worth $299,000. Finally, XTX Topco Ltd boosted its position in AMETEK by 695.1% during the 4th quarter. XTX Topco Ltd now owns 11,871 shares of the technology company's stock worth $2,140,000 after acquiring an additional 10,378 shares during the period. Institutional investors and hedge funds own 87.43% of the company's stock.

Insiders Place Their Bets

In related news, Director Steven W. Kohlhagen sold 1,320 shares of the firm'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 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 trade represents a 5.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas A. Amato sold 710 shares of the company'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 value of $125,414.40. Following the sale, the director now directly owns 10,560 shares of the company's stock, valued at $1,865,318.40. The trade was 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.

Wall Street Analyst Weigh In

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

AMETEK Stock Up 2.6 %

NYSE:AME traded up $4.26 during trading hours on Thursday, hitting $166.45. 368,806 shares of the company's stock traded hands, compared to its average volume of 1,290,330. The firm has a market cap of $38.41 billion, a P/E ratio of 28.05, a P/E/G ratio of 2.73 and a beta of 1.14. 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 quick ratio of 0.75 and a current ratio of 1.24. The stock's fifty day moving average price is $172.74 and its two-hundred day moving average price is $179.41.

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 for the quarter, beating the consensus estimate of $1.85 by $0.02. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.82 billion. AMETEK had a return on equity of 16.94% and a net margin of 19.83%. AMETEK's quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 earnings per share. On average, research analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK declared that its board has approved a share buyback plan on Friday, February 7th that permits the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are typically 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 given a $0.31 dividend. This is a positive change from AMETEK's previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 0.74%. The ex-dividend date was Friday, March 14th. AMETEK's dividend payout ratio is presently 20.91%.

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.