Mn Services Vermogensbeheer B.V. Boosts Holdings in AMETEK, Inc. (NYSE:AME)

Mn Services Vermogensbeheer B.V. increased its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 90,000 shares of the technology company's stock after acquiring an additional 1,500 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in AMETEK were worth $16,223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AME. State Street Corp increased its stake in AMETEK by 0.3% in the 3rd quarter. State Street Corp now owns 9,220,376 shares of the technology company's stock worth $1,583,231,000 after buying an additional 24,072 shares during the period. JPMorgan Chase & Co. increased its holdings in AMETEK by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,985,350 shares of the technology company's stock worth $1,199,454,000 after purchasing an additional 250,538 shares during the period. Geode Capital Management LLC raised its position in AMETEK by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,401,656 shares of the technology company's stock valued at $924,308,000 after purchasing an additional 45,459 shares in the last quarter. Bank of New York Mellon Corp raised its position in AMETEK by 2.3% during the 4th quarter. Bank of New York Mellon Corp now owns 4,415,508 shares of the technology company's stock valued at $795,939,000 after purchasing an additional 99,505 shares in the last quarter. Finally, Flossbach Von Storch SE lifted its holdings in shares of AMETEK by 2.5% in the 4th quarter. Flossbach Von Storch SE now owns 3,724,352 shares of the technology company's stock worth $671,352,000 after buying an additional 91,287 shares during the period. 87.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. StockNews.com downgraded AMETEK from a "buy" rating to a "hold" rating in a report on Saturday. Robert W. Baird lowered their price target on shares of AMETEK from $200.00 to $197.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. BNP Paribas upgraded shares of 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 boosted their price objective on shares of AMETEK from $221.00 to $222.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Finally, KeyCorp increased their target price on AMETEK from $205.00 to $215.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $204.67.

AMETEK Stock Down 1.6 %

Shares of AME stock traded down $2.99 during trading hours on Monday, reaching $186.31. 1,108,155 shares of the company's stock were exchanged, compared to its average volume of 1,319,707. AMETEK, Inc. has a fifty-two week low of $149.03 and a fifty-two week high of $198.33. The stock's 50 day moving average is $183.25 and its 200-day moving average is $179.31. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 0.15. The company has a market cap of $42.97 billion, a price-to-earnings ratio of 31.42, a P/E/G ratio of 2.73 and a beta of 1.16.

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 for the quarter, topping the consensus estimate of $1.85 by $0.02. AMETEK had a return on equity of 16.94% and a net margin of 19.83%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the company earned $1.68 earnings per share. The company's quarterly revenue was up 1.8% on a year-over-year basis. Analysts predict that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK declared that its Board of Directors has authorized a share repurchase 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 repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

AMETEK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.31 per share. This is a positive change from AMETEK's previous quarterly dividend of $0.28. The ex-dividend date is Friday, March 14th. This represents a $1.24 dividend on an annualized basis and a yield of 0.67%. AMETEK's dividend payout ratio is presently 20.91%.

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.