AMETEK, Inc. (NYSE:AME) Shares Acquired by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC increased its holdings in shares of AMETEK, Inc. (NYSE:AME) by 5.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,106 shares of the technology company’s stock after acquiring an additional 399 shares during the period. Crestwood Advisors Group LLC’s holdings in AMETEK were worth $1,461,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EdgePoint Investment Group Inc. raised its holdings in shares of AMETEK by 87.9% during the third quarter. EdgePoint Investment Group Inc. now owns 1,964,236 shares of the technology company’s stock valued at $337,279,000 after acquiring an additional 918,737 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of AMETEK by 72.0% during the third 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 in the last quarter. Bryn Mawr Capital Management LLC raised its stake in AMETEK by 10,506.5% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 476,442 shares of the technology company’s stock valued at $812,000 after purchasing an additional 471,950 shares during the last quarter. D1 Capital Partners L.P. purchased a new position in AMETEK in the 3rd quarter valued at $79,782,000. Finally, Assenagon Asset Management S.A. boosted its stake in AMETEK by 434.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 541,517 shares of the technology company’s stock worth $97,614,000 after purchasing an additional 440,197 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AME shares. Robert W. Baird dropped their price target on AMETEK from $200.00 to $197.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Truist Financial raised their target price on AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. StockNews.com upgraded AMETEK from a “hold” rating to a “buy” rating in a report on Friday. Bank of America raised shares of AMETEK from a “neutral” rating to a “buy” rating and upped their price objective for the company from $195.00 to $225.00 in a report on Monday, December 16th. Finally, Mizuho lifted their target price on shares of AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $204.67.

AMETEK Trading Down 0.2 %

Shares of AME stock opened at $185.76 on Tuesday. AMETEK, Inc. has a 1-year low of $149.03 and a 1-year high of $198.33. The firm has a market cap of $42.97 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 2.73 and a beta of 1.16. The company has a 50-day moving average of $182.88 and a two-hundred day moving average of $178.55. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.24 and a quick ratio of 0.75.

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, topping analysts’ consensus estimates of $1.85 by $0.02. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.82 billion. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the company posted $1.68 EPS. On average, analysts predict that AMETEK, Inc. will post 7.15 EPS for the current year.

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

AMETEK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from AMETEK’s previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.67%. AMETEK’s payout ratio is presently 18.89%.

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.