AMETEK, Inc. (NYSE:AME) Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 35.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 54,097 shares of the technology company's stock after acquiring an additional 14,252 shares during the quarter. Mutual of America Capital Management LLC's holdings in AMETEK were worth $9,752,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AME. Oddo BHF Asset Management Sas acquired a new stake in shares of AMETEK during the third quarter worth about $3,724,000. Everence Capital Management Inc. acquired a new stake in AMETEK during the 4th quarter valued at approximately $999,000. Czech National Bank boosted its holdings in shares of AMETEK by 6.3% in the 4th quarter. Czech National Bank now owns 50,153 shares of the technology company's stock valued at $9,041,000 after acquiring an additional 2,987 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of AMETEK by 23.2% during the third quarter. BNP Paribas Financial Markets now owns 355,828 shares of the technology company's stock worth $61,099,000 after purchasing an additional 67,025 shares during the last quarter. Finally, Taurus Asset Management LLC raised its holdings in shares of AMETEK by 2.9% during the third quarter. Taurus Asset Management LLC now owns 115,033 shares of the technology company's stock worth $19,752,000 after purchasing an additional 3,210 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company's stock.

AMETEK Price Performance

AME traded up $1.74 on Wednesday, hitting $185.07. 2,119,208 shares of the company's stock were exchanged, compared to its average volume of 1,342,203. The stock has a market cap of $42.69 billion, a price-to-earnings ratio of 31.21, a P/E/G ratio of 2.73 and a beta of 1.14. The firm has a 50-day moving average price of $183.34 and a 200-day moving average price of $179.66. AMETEK, Inc. has a fifty-two week low of $149.03 and a fifty-two week high of $198.33. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 0.15.

AMETEK (NYSE:AME - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.87 EPS 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 for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the firm earned $1.68 EPS. The company's quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.24 dividend on an annualized basis and a yield of 0.67%. This is an increase from AMETEK's previous quarterly dividend of $0.28. AMETEK's payout ratio is currently 20.91%.

AMETEK declared that its board has authorized a stock repurchase plan on Friday, February 7th that permits the company to repurchase $1.25 billion in 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 generally an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

AME has been the topic of several analyst reports. StockNews.com lowered AMETEK from a "buy" rating to a "hold" rating in a report on Saturday. Robert W. Baird cut their target price 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. Bank of America raised shares of AMETEK from a "neutral" rating to a "buy" rating and increased their price target for the stock from $195.00 to $225.00 in a report on Monday, December 16th. Truist Financial lifted their price objective on shares of AMETEK from $221.00 to $222.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Finally, BNP Paribas raised shares of AMETEK from a "neutral" rating to an "outperform" rating and set a $210.00 target price on the stock in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $204.67.

Insider Transactions at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,320 shares of AMETEK stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $189.41, for a total value of $250,021.20. Following the completion of the sale, the director now owns 22,029 shares in the company, valued at approximately $4,172,512.89. This trade represents a 5.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.61% of the company's stock.

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.