Caprock Group LLC Raises Stock Holdings in AMETEK, Inc. (NYSE:AME)

Caprock Group LLC boosted its stake in AMETEK, Inc. (NYSE:AME) by 26.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,683 shares of the technology company’s stock after buying an additional 761 shares during the period. Caprock Group LLC’s holdings in AMETEK were worth $664,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp raised its holdings in AMETEK by 0.3% in the 3rd quarter. State Street Corp now owns 9,220,376 shares of the technology company’s stock valued at $1,583,231,000 after buying an additional 24,072 shares during the period. JPMorgan Chase & Co. grew its position in shares of AMETEK by 3.7% during the third quarter. JPMorgan Chase & Co. now owns 6,985,350 shares of the technology company’s stock worth $1,199,454,000 after buying an additional 250,538 shares in the last quarter. Geode Capital Management LLC grew its position in shares of AMETEK by 0.8% during the third quarter. Geode Capital Management LLC now owns 5,401,656 shares of the technology company’s stock worth $924,308,000 after buying an additional 45,459 shares in the last quarter. EdgePoint Investment Group Inc. grew its position 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 worth $337,279,000 after buying an additional 918,737 shares in the last quarter. Finally, Principal Financial Group Inc. grew 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 buying an additional 703,501 shares in the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AMETEK news, insider Emanuela Speranza sold 6,747 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $195.90, for a total value of $1,321,737.30. Following the completion of the sale, the insider now owns 30,460 shares of the company’s stock, valued at approximately $5,967,114. This trade represents a 18.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David F. Hermance sold 6,243 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $190.99, for a total value of $1,192,350.57. Following the completion of the sale, the insider now directly owns 36,731 shares of the company’s stock, valued at approximately $7,015,253.69. This trade represents a 14.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,200 shares of company stock valued at $5,707,620 over the last three months. 0.61% of the stock is currently owned by company insiders.

AMETEK Stock Performance

Shares of AME opened at $180.28 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The firm has a market cap of $41.70 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 2.67 and a beta of 1.16. The company’s 50 day simple moving average is $185.18 and its 200-day simple moving average is $176.50. AMETEK, Inc. has a 12-month low of $149.03 and a 12-month high of $198.33.

AMETEK (NYSE:AME) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.02. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the firm posted $1.68 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, equities analysts predict that AMETEK, Inc. will post 6.8 EPS for the current year.

AMETEK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Friday, December 6th. AMETEK’s dividend payout ratio is presently 19.51%.

Analyst Ratings Changes

A number of brokerages have recently commented on AME. Truist Financial boosted their price objective on AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Bank of America raised AMETEK from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $195.00 to $225.00 in a research report on Monday, December 16th. Robert W. Baird upped their price target on AMETEK from $166.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, November 4th. BNP Paribas raised AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 price target for the company in a report on Thursday, January 16th. Finally, KeyCorp upped their price target on AMETEK from $205.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $203.44.

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.