TD Private Client Wealth LLC Has $139,000 Stock Holdings in AMETEK, Inc. (NYSE:AME)

TD Private Client Wealth LLC reduced its stake in AMETEK, Inc. (NYSE:AME) by 93.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 770 shares of the technology company’s stock after selling 10,159 shares during the period. TD Private Client Wealth LLC’s holdings in AMETEK were worth $139,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AME. Oddo BHF Asset Management Sas bought a new stake in AMETEK in the 3rd quarter valued at about $3,724,000. Everence Capital Management Inc. acquired a new stake in AMETEK in the 4th quarter valued at $999,000. Czech National Bank increased its stake in AMETEK by 6.3% during the 4th quarter. Czech National Bank now owns 50,153 shares of the technology company’s stock valued at $9,041,000 after purchasing an additional 2,987 shares in the last quarter. BNP Paribas Financial Markets increased its stake in AMETEK by 23.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 355,828 shares of the technology company’s stock valued at $61,099,000 after purchasing an additional 67,025 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in AMETEK by 434.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 541,517 shares of the technology company’s stock worth $97,614,000 after buying an additional 440,197 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on AME. Bank of America raised shares of AMETEK from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $195.00 to $225.00 in a research report on Monday, December 16th. Truist Financial boosted their price objective on AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. BNP Paribas upgraded 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. Robert W. Baird cut their target price on AMETEK from $200.00 to $197.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, StockNews.com raised AMETEK from a “hold” rating to a “buy” rating in a research report on Sunday, March 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $204.67.

Insider Activity

In related news, Director Steven W. Kohlhagen sold 1,320 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $189.41, for a total value of $250,021.20. Following the completion of the transaction, the director now directly owns 22,029 shares of the company’s stock, valued at approximately $4,172,512.89. This trade represents a 5.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

AMETEK Price Performance

AME opened at $179.69 on Wednesday. AMETEK, Inc. has a fifty-two week low of $149.03 and a fifty-two week high of $198.33. The firm has a 50-day moving average of $182.98 and a 200 day moving average of $180.83. 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 firm has a market cap of $41.46 billion, a P/E ratio of 30.30, a PEG ratio of 2.73 and a beta of 1.14.

AMETEK (NYSE:AME) last released its earnings results 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. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.82 billion. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 EPS. On average, research analysts expect that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.31 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from AMETEK’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a dividend yield of 0.69%. AMETEK’s payout ratio is presently 20.91%.

AMETEK declared that its board has approved a share buyback program on Friday, February 7th that authorizes the company to repurchase $1.25 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

AMETEK 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.