AMETEK, Inc. (NYSE:AME) Shares Bought by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA raised its holdings in AMETEK, Inc. (NYSE:AME) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 135,247 shares of the technology company’s stock after acquiring an additional 1,277 shares during the period. AMETEK makes up approximately 1.5% of Roffman Miller Associates Inc. PA’s investment portfolio, making the stock its 28th largest position. Roffman Miller Associates Inc. PA owned about 0.06% of AMETEK worth $24,380,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AME. Itau Unibanco Holding S.A. raised its holdings in AMETEK by 62.6% in 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 last quarter. Versant Capital Management Inc raised its holdings in AMETEK by 3,116.7% in the 4th quarter. Versant Capital Management Inc now owns 193 shares of the technology company’s stock valued at $35,000 after acquiring an additional 187 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in AMETEK by 1,176.5% in 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 last quarter. Geneos Wealth Management Inc. raised its holdings in AMETEK by 42.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company’s stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. Finally, Princeton Global Asset Management LLC acquired a new stake in AMETEK in the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

Insider Buying and Selling at AMETEK

In other AMETEK news, insider Emanuela Speranza sold 6,747 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total value of $1,321,737.30. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AME shares. StockNews.com upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a report on Friday. Mizuho raised their price target on shares of AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Robert W. Baird cut their price target 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. Truist Financial raised their price target on shares of AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, KeyCorp raised their price target on shares of AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, AMETEK has a consensus rating of “Moderate Buy” and an average price target of $204.67.

AMETEK Stock Performance

NYSE:AME opened at $186.11 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.75 and a current ratio of 1.24. The stock has a market capitalization of $43.05 billion, a P/E ratio of 31.38, a PEG ratio of 2.77 and a beta of 1.16. The company has a 50 day moving average price of $182.95 and a 200 day moving average price of $178.36. AMETEK, Inc. has a fifty-two week low of $149.03 and a fifty-two week high of $198.33.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.85 by $0.02. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the company posted $1.68 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. Equities research analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK announced that its Board of Directors has authorized a share buyback 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 stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

AMETEK Increases Dividend

The firm also recently declared 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. This represents a $1.24 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from AMETEK’s previous quarterly dividend of $0.28. AMETEK’s dividend payout ratio (DPR) is currently 18.89%.

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.