Mar Vista Investment Partners LLC Has $34.96 Million Position in AMETEK, Inc. (NYSE:AME)

Mar Vista Investment Partners LLC grew its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 39.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,927 shares of the technology company's stock after buying an additional 54,373 shares during the period. AMETEK makes up 2.4% of Mar Vista Investment Partners LLC's holdings, making the stock its 21st biggest position. Mar Vista Investment Partners LLC owned 0.08% of AMETEK worth $34,957,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Principal Financial Group Inc. grew its position in shares of AMETEK by 72.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company's stock worth $288,526,000 after purchasing an additional 703,501 shares in the last quarter. Anchor Investment Management LLC grew its position in AMETEK by 366.1% during the third quarter. Anchor Investment Management LLC now owns 261 shares of the technology company's stock worth $45,000 after buying an additional 205 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in AMETEK during the 3rd quarter worth $2,336,000. Tidal Investments LLC raised its holdings in AMETEK by 27.0% in the 3rd quarter. Tidal Investments LLC now owns 11,938 shares of the technology company's stock valued at $2,050,000 after acquiring an additional 2,540 shares in the last quarter. Finally, Peapack Gladstone Financial Corp lifted its position in shares of AMETEK by 3.0% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 33,034 shares of the technology company's stock valued at $5,672,000 after acquiring an additional 958 shares during the period. Institutional investors own 87.43% of the company's stock.

AMETEK Price Performance

Shares of AME opened at $159.40 on Wednesday. The business has a 50-day moving average of $173.17 and a 200-day moving average of $179.53. AMETEK, Inc. has a 1 year low of $145.02 and a 1 year high of $198.33. The company has a market capitalization of $36.78 billion, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 2.73 and a beta of 1.14. 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 issued 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 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%. The company's revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.68 earnings per share. As a group, equities research analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK announced that its Board of Directors has initiated a stock buyback program on Friday, February 7th that authorizes the company to buyback $1.25 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

AMETEK Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, March 14th. This represents a $1.24 annualized dividend and a dividend yield of 0.78%. This is a positive change from AMETEK's previous quarterly dividend of $0.28. AMETEK's dividend payout ratio is currently 20.91%.

Insider Transactions at AMETEK

In other AMETEK news, Director Thomas A. Amato sold 710 shares of the firm'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 completion of the sale, the director now owns 10,560 shares of the company's stock, valued at approximately $1,865,318.40. This trade represents a 6.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven W. Kohlhagen sold 1,320 shares of the 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 completion of the transaction, the director now owns 22,029 shares in the company, 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.

Analyst Upgrades and Downgrades

AME has been the subject of a number of analyst reports. 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. Truist Financial lowered their price objective on shares of AMETEK from $216.00 to $196.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. StockNews.com lowered AMETEK from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. BNP Paribas raised 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. Finally, Morgan Stanley initiated coverage on shares of AMETEK in a report on Monday, April 14th. They issued an "equal weight" rating and a $170.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $198.60.

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.

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