AMETEK, Inc. (NYSE:AME) is Lecap Asset Management Ltd.’s 8th Largest Position

Lecap Asset Management Ltd. decreased its position in AMETEK, Inc. (NYSE:AME) by 19.3% during the 4th quarter, Holdings Channel reports. The fund owned 19,638 shares of the technology company’s stock after selling 4,707 shares during the quarter. AMETEK comprises about 1.0% of Lecap Asset Management Ltd.’s holdings, making the stock its 8th biggest position. Lecap Asset Management Ltd.’s holdings in AMETEK were worth $3,540,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AME. State Street Corp lifted its holdings in shares of AMETEK by 0.3% in the 3rd quarter. State Street Corp now owns 9,220,376 shares of the technology company’s stock valued at $1,583,231,000 after buying an additional 24,072 shares during the period. JPMorgan Chase & Co. raised its position in AMETEK by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 6,985,350 shares of the technology company’s stock worth $1,199,454,000 after acquiring an additional 250,538 shares in the last quarter. Geode Capital Management LLC lifted its holdings in AMETEK by 0.8% in the third quarter. Geode Capital Management LLC now owns 5,401,656 shares of the technology company’s stock valued at $924,308,000 after acquiring an additional 45,459 shares during the period. EdgePoint Investment Group Inc. boosted its position in shares of AMETEK by 87.9% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 1,964,236 shares of the technology company’s stock worth $337,279,000 after purchasing an additional 918,737 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of AMETEK by 72.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company’s stock worth $288,526,000 after purchasing an additional 703,501 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.

AMETEK Trading Up 1.3 %

Shares of AME stock opened at $182.64 on Friday. The company has a market capitalization of $42.25 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 2.67 and a beta of 1.16. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $184.54 and a 200 day moving average price of $176.61. AMETEK, Inc. has a twelve month low of $149.03 and a twelve month high of $198.33.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.02. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the business posted $1.68 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. Research analysts forecast that AMETEK, Inc. will post 6.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

AME has been the topic of a number of research analyst reports. 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 report on Thursday, January 16th. StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird reduced their price objective on AMETEK from $200.00 to $197.00 and set a “neutral” rating for the company in a report on Wednesday. BNP Paribas raised AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 target price on the stock in a report on Thursday, January 16th. Finally, Bank of America upgraded shares of AMETEK from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $195.00 to $225.00 in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, AMETEK currently has a consensus rating of “Moderate Buy” and an average price target of $204.67.

Insiders Place Their Bets

In other news, 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 completion of the transaction, the insider now owns 30,460 shares of the company’s stock, valued at $5,967,114. This represents a 18.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tony J. Ciampitti sold 16,210 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $197.01, for a total transaction of $3,193,532.10. Following the completion of the sale, the insider now directly owns 49,490 shares in the company, valued at $9,750,024.90. This represents a 24.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

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.