Oddo BHF Asset Management Sas Invests $3.72 Million in AMETEK, Inc. (NYSE:AME)

Oddo BHF Asset Management Sas purchased a new position in AMETEK, Inc. (NYSE:AME - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,688 shares of the technology company's stock, valued at approximately $3,724,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AME. Itau Unibanco Holding S.A. boosted its holdings in shares of AMETEK by 62.6% during the third 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. Family Firm Inc. bought a new stake in shares of AMETEK during the second quarter valued at approximately $39,000. Industrial Alliance Investment Management Inc. acquired a new stake in AMETEK in the 2nd quarter valued at approximately $42,000. Princeton Global Asset Management LLC bought a new stake in AMETEK during the 3rd quarter valued at $44,000. Finally, Anchor Investment Management LLC grew its stake in shares of AMETEK by 366.1% in the third quarter. Anchor Investment Management LLC now owns 261 shares of the technology company's stock worth $45,000 after purchasing an additional 205 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AME shares. KeyCorp lifted their price objective on shares of AMETEK from $205.00 to $215.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Robert W. Baird increased their price target on AMETEK from $166.00 to $186.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Mizuho raised their target price on AMETEK from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. TD Cowen cut shares of AMETEK from a "hold" rating to a "sell" rating in a research report on Monday, October 7th. Finally, Truist Financial raised their price objective on shares of AMETEK from $219.00 to $221.00 and gave the company a "buy" rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $199.29.

AMETEK Trading Down 0.6 %

AMETEK stock traded down $1.09 during midday trading on Friday, reaching $187.36. The stock had a trading volume of 827,104 shares, compared to its average volume of 1,149,380. AMETEK, Inc. has a twelve month low of $149.03 and a twelve month high of $198.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 0.84. The firm has a market cap of $43.34 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 3.08 and a beta of 1.15. The firm's fifty day simple moving average is $182.86 and its two-hundred day simple moving average is $172.95.

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

AMETEK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Friday, December 6th. AMETEK's dividend payout ratio is currently 19.51%.

Insider Transactions at AMETEK

In other news, insider Tony J. Ciampitti sold 16,210 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $197.01, for a total value of $3,193,532.10. Following the completion of the sale, the insider now directly owns 49,490 shares in the company, valued at approximately $9,750,024.90. The trade was a 24.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Emanuela Speranza sold 6,747 shares of the company's 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 sale, the insider now owns 30,460 shares of the company's stock, valued at $5,967,114. This trade represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,660 shares of company stock valued at $5,958,141. 0.61% of the stock is owned by insiders.

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.