Quotient Wealth Partners LLC Purchases 70 Shares of AMETEK, Inc. (NYSE:AME)

Quotient Wealth Partners LLC boosted its position in shares of AMETEK, Inc. (NYSE:AME) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,843 shares of the technology company’s stock after acquiring an additional 70 shares during the quarter. Quotient Wealth Partners LLC’s holdings in AMETEK were worth $332,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas bought a new stake in shares of AMETEK in the 3rd quarter valued at about $3,724,000. Everence Capital Management Inc. acquired a new position in AMETEK during the fourth quarter worth approximately $999,000. BNP Paribas Financial Markets lifted its position in shares of AMETEK by 23.2% in the third quarter. BNP Paribas Financial Markets now owns 355,828 shares of the technology company’s stock valued at $61,099,000 after buying an additional 67,025 shares during the last quarter. Czech National Bank boosted its stake in shares of AMETEK by 6.3% during the 4th quarter. Czech National Bank now owns 50,153 shares of the technology company’s stock worth $9,041,000 after acquiring an additional 2,987 shares during the period. Finally, Taurus Asset Management LLC increased its holdings in shares of AMETEK by 2.9% during the 3rd quarter. Taurus Asset Management LLC now owns 115,033 shares of the technology company’s stock worth $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

A number of research firms have commented on AME. Robert W. Baird reduced their price objective on shares of AMETEK from $200.00 to $197.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. KeyCorp upped their price target 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. Mizuho raised their price objective on shares of AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Truist Financial upped their price objective on AMETEK from $221.00 to $222.00 and gave the company a “buy” rating in a report on Thursday, January 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, AMETEK has an average rating of “Moderate Buy” and an average target price of $204.67.

AMETEK Trading Up 0.9 %

AME opened at $184.54 on Monday. The stock has a market capitalization of $42.69 billion, a price-to-earnings 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 twelve month low of $149.03 and a twelve month high of $198.33. The company has a 50-day simple moving average of $184.10 and a 200 day simple moving average of $176.76.

AMETEK (NYSE:AME) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the business posted $1.68 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. Analysts predict that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.31 per share. This is an increase from AMETEK’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a dividend yield of 0.67%. AMETEK’s dividend payout ratio is currently 18.89%.

AMETEK announced that its Board of Directors has approved a share buyback plan on Friday, February 7th that permits the company to buyback $1.25 billion in outstanding shares. This buyback authorization permits the technology company to repurchase up to 2.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity at AMETEK

In other AMETEK news, insider Emanuela Speranza sold 6,747 shares of the business’s stock in a transaction on 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 approximately $5,967,114. The trade was a 18.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tony J. Ciampitti sold 16,210 shares of the 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 owns 49,490 shares of the company’s stock, valued at $9,750,024.90. The trade was a 24.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently 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.