4,591 Shares in AMETEK, Inc. (NYSE:AME) Purchased by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC acquired a new position in shares of AMETEK, Inc. (NYSE:AME) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,591 shares of the technology company’s stock, valued at approximately $757,000.

A number of other institutional investors have also recently added to or reduced their stakes in AME. Morgan Stanley boosted its holdings in AMETEK by 19.2% during the third quarter. Morgan Stanley now owns 4,189,108 shares of the technology company’s stock worth $618,983,000 after buying an additional 674,549 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of AMETEK by 4,845.8% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 677,075 shares of the technology company’s stock valued at $111,643,000 after purchasing an additional 663,385 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of AMETEK in the third quarter valued at about $90,248,000. Adage Capital Partners GP L.L.C. lifted its holdings in shares of AMETEK by 84.9% in the third quarter. Adage Capital Partners GP L.L.C. now owns 1,081,557 shares of the technology company’s stock valued at $159,811,000 after purchasing an additional 496,523 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of AMETEK by 52.9% in the third quarter. The Manufacturers Life Insurance Company now owns 1,032,796 shares of the technology company’s stock valued at $152,606,000 after purchasing an additional 357,212 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Insider Transactions at AMETEK

In other news, CFO William Joseph Burke sold 27,400 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $185.05, for a total value of $5,070,370.00. Following the completion of the sale, the chief financial officer now owns 106,512 shares of the company’s stock, valued at $19,710,045.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO William Joseph Burke sold 27,400 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $185.05, for a total transaction of $5,070,370.00. Following the completion of the sale, the chief financial officer now directly owns 106,512 shares of the company’s stock, valued at approximately $19,710,045.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven W. Kohlhagen sold 1,400 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $180.59, for a total transaction of $252,826.00. Following the sale, the director now directly owns 28,054 shares of the company’s stock, valued at $5,066,271.86. The disclosure for this sale can be found here. Insiders sold 59,881 shares of company stock valued at $10,689,758 over the last 90 days. Corporate insiders own 0.61% of the company’s stock.

AMETEK Stock Performance

Shares of AME stock opened at $177.48 on Friday. AMETEK, Inc. has a one year low of $133.77 and a one year high of $186.32. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.59 and a current ratio of 0.98. The company has a 50 day moving average price of $180.12 and a 200 day moving average price of $165.34. The firm has a market capitalization of $41.04 billion, a price-to-earnings ratio of 31.30, a price-to-earnings-growth ratio of 2.84 and a beta of 1.22.

AMETEK (NYSE:AME) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.62 by $0.06. AMETEK had a net margin of 19.91% and a return on equity of 17.96%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the business posted $1.52 earnings per share. AMETEK’s revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that AMETEK, Inc. will post 6.82 EPS for the current year.

AMETEK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.12 annualized dividend and a dividend yield of 0.63%. This is a positive change from AMETEK’s previous quarterly dividend of $0.25. AMETEK’s dividend payout ratio is presently 19.75%.

Analysts Set New Price Targets

Several analysts have issued reports on AME shares. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. Truist Financial started coverage on shares of AMETEK in a research note on Thursday, March 14th. They set a “buy” rating and a $210.00 price objective on the stock. KeyCorp upped their price objective on shares of AMETEK from $182.00 to $205.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Finally, Royal Bank of Canada reduced their price objective on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, AMETEK presently has an average rating of “Moderate Buy” and an average price target of $180.78.

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.