AMETEK, Inc. (NYSE:AME) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP boosted its stake in shares of AMETEK, Inc. (NYSE:AME) by 166.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,762 shares of the technology company’s stock after acquiring an additional 32,348 shares during the period. AMETEK accounts for about 0.5% of Quantbot Technologies LP’s portfolio, making the stock its 8th biggest position. Quantbot Technologies LP’s holdings in AMETEK were worth $9,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new position in AMETEK during the 4th quarter worth $25,000. Wetzel Investment Advisors Inc. bought a new position in AMETEK during the 4th quarter worth $25,000. Turtle Creek Wealth Advisors LLC bought a new position in AMETEK during the 4th quarter worth $26,000. Bruce G. Allen Investments LLC bought a new position in AMETEK during the 4th quarter worth $28,000. Finally, Rakuten Securities Inc. bought a new position in AMETEK during the 4th quarter worth $31,000. Institutional investors own 87.43% of the company’s stock.

Wall Street Analysts Forecast Growth

AME has been the topic of a number of recent research reports. Robert W. Baird lowered their price objective on AMETEK from $173.00 to $171.00 and set a “neutral” rating on the stock in a research note on Monday, May 6th. Oppenheimer raised AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 price target for the company in a report on Wednesday, May 22nd. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Finally, Truist Financial lowered their price target on AMETEK from $210.00 to $204.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $181.20.

Insiders Place Their Bets

In other AMETEK news, Director Steven W. Kohlhagen sold 1,470 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $170.20, for a total value of $250,194.00. Following the transaction, the director now owns 26,249 shares in the company, valued at $4,467,579.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other AMETEK news, Director Steven W. Kohlhagen sold 1,470 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $170.20, for a total value of $250,194.00. Following the transaction, the director now owns 26,249 shares in the company, valued at $4,467,579.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven W. Kohlhagen sold 1,440 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $173.93, for a total value of $250,459.20. Following the completion of the sale, the director now directly owns 24,809 shares of the company’s stock, valued at $4,315,029.37. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

AMETEK Trading Up 0.1 %

Shares of AMETEK stock traded up $0.22 on Friday, hitting $169.54. 874,049 shares of the company’s stock traded hands, compared to its average volume of 1,057,114. AMETEK, Inc. has a one year low of $136.89 and a one year high of $186.32. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 0.66. The company has a fifty day moving average of $168.87 and a two-hundred day moving average of $171.78. The company has a market capitalization of $39.24 billion, a price-to-earnings ratio of 29.92, a price-to-earnings-growth ratio of 2.66 and a beta of 1.18.

AMETEK (NYSE:AME) last announced its earnings results on Thursday, May 2nd. The technology company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.59 by $0.05. AMETEK had a return on equity of 17.74% and a net margin of 19.57%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the company earned $1.49 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, sell-side analysts expect that AMETEK, Inc. will post 6.81 earnings per share for the current year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.28 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.12 annualized dividend and a yield of 0.66%. AMETEK’s payout ratio is currently 19.68%.

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.