Oak Thistle LLC Buys 1,835 Shares of AMETEK, Inc. (NYSE:AME)

Oak Thistle LLC grew its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 69.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,470 shares of the technology company's stock after acquiring an additional 1,835 shares during the period. Oak Thistle LLC's holdings in AMETEK were worth $806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of AME. Versant Capital Management Inc lifted its position in AMETEK by 3,116.7% during the fourth quarter. Versant Capital Management Inc now owns 193 shares of the technology company's stock valued at $35,000 after purchasing an additional 187 shares in the last quarter. Itau Unibanco Holding S.A. grew its stake in shares of AMETEK by 62.6% during the 3rd 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 during the period. AdvisorNet Financial Inc grew its stake in shares of AMETEK by 1,176.5% during the 4th quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company's stock valued at $39,000 after acquiring an additional 200 shares during the period. Princeton Global Asset Management LLC purchased a new stake in AMETEK in the 3rd quarter worth approximately $44,000. Finally, Anchor Investment Management LLC raised its stake in AMETEK by 366.1% during the 3rd quarter. Anchor Investment Management LLC now owns 261 shares of the technology company's stock worth $45,000 after acquiring an additional 205 shares during the period. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

AMETEK Price Performance

Shares of AME stock traded up $0.83 during trading hours on Thursday, hitting $180.89. The stock had a trading volume of 1,697,997 shares, compared to its average volume of 919,969. The stock has a market capitalization of $41.84 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 2.51 and a beta of 1.16. The stock's 50-day moving average price is $187.54 and its two-hundred day moving average price is $174.98. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. AMETEK, Inc. has a one year low of $149.03 and a one year high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last posted its earnings results on Thursday, October 31st. The technology company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the firm posted $1.64 EPS. The business's quarterly revenue was up 5.3% on a year-over-year basis. Equities analysts forecast that AMETEK, Inc. will post 6.8 EPS for the current year.

AMETEK Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. AMETEK's dividend payout ratio is presently 19.51%.

Insider Buying and Selling at AMETEK

In other AMETEK news, insider Emanuela Speranza sold 6,747 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total transaction of $1,321,737.30. Following the transaction, the insider now directly owns 30,460 shares in the company, valued at $5,967,114. This represents a 18.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David F. Hermance sold 6,243 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the transaction, the insider now directly owns 36,731 shares in the company, valued at $7,015,253.69. This trade represents a 14.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,200 shares of company stock worth $5,707,620 over the last 90 days. Company insiders own 0.61% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on AME shares. KeyCorp upped their price target on shares of AMETEK from $205.00 to $215.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Wolfe Research raised shares of AMETEK to a "hold" rating in a report on Wednesday, September 18th. StockNews.com raised AMETEK from a "hold" rating to a "buy" rating in a report on Thursday, January 9th. Mizuho boosted their price objective on AMETEK from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Truist Financial increased their target price on AMETEK from $221.00 to $222.00 and gave the stock a "buy" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $203.44.

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.