10,492 Shares in AMETEK, Inc. (NYSE:AME) Purchased by Entropy Technologies LP

Entropy Technologies LP purchased a new position in shares of AMETEK, Inc. (NYSE:AME) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,492 shares of the technology company’s stock, valued at approximately $1,891,000.

A number of other large investors have also recently bought and sold shares of the company. Oddo BHF Asset Management Sas acquired a new position in AMETEK during the third quarter worth $3,724,000. Everence Capital Management Inc. bought a new stake in AMETEK during the 4th quarter worth about $999,000. BNP Paribas Financial Markets boosted its stake in shares of AMETEK by 23.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 355,828 shares of the technology company’s stock worth $61,099,000 after buying an additional 67,025 shares during the last quarter. Czech National Bank grew 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 in the last quarter. Finally, Taurus Asset Management LLC increased its position in shares of AMETEK by 2.9% in the third quarter. Taurus Asset Management LLC now owns 115,033 shares of the technology company’s stock valued at $19,752,000 after acquiring an additional 3,210 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analyst Ratings Changes

AME has been the subject of several recent research reports. KeyCorp increased their price target on AMETEK from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Truist Financial boosted their target price on shares of AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. 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 research note on Wednesday, February 5th. StockNews.com lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, BNP Paribas upgraded shares of AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 target price for the company in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AMETEK has an average rating of “Moderate Buy” and a consensus target price of $204.67.

AMETEK Trading Up 0.9 %

Shares of NYSE:AME opened at $184.54 on Monday. The stock has a market cap of $42.69 billion, a PE ratio of 31.12, a P/E/G ratio of 2.68 and a beta of 1.16. The company has a quick ratio of 0.84, a current ratio of 1.24 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a 12-month low of $149.03 and a 12-month high of $198.33. The business has a 50 day moving average of $184.10 and a 200-day moving average of $176.76.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.02. AMETEK had a return on equity of 16.94% and a net margin of 19.83%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the firm posted $1.68 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, equities research analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.31 dividend. 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 18.89%.

AMETEK declared that its board has approved a stock repurchase 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 purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, insider Emanuela Speranza sold 6,747 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was 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 represents a 18.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Tony J. Ciampitti sold 16,210 shares of AMETEK 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 transaction, the insider now directly owns 49,490 shares of the company’s stock, 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. Company 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.