Machina Capital S.A.S. Takes Position in AMETEK, Inc. (NYSE:AME)

Machina Capital S.A.S. bought a new stake in AMETEK, Inc. (NYSE:AME) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,409 shares of the technology company’s stock, valued at approximately $892,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. M&T Bank Corp increased its holdings in AMETEK by 0.5% during the 4th quarter. M&T Bank Corp now owns 15,442 shares of the technology company’s stock valued at $2,547,000 after purchasing an additional 73 shares during the period. Provence Wealth Management Group increased its holdings in AMETEK by 5.5% during the 4th quarter. Provence Wealth Management Group now owns 1,435 shares of the technology company’s stock valued at $237,000 after purchasing an additional 75 shares during the period. Metis Global Partners LLC increased its holdings in AMETEK by 0.5% during the 4th quarter. Metis Global Partners LLC now owns 15,934 shares of the technology company’s stock valued at $2,627,000 after purchasing an additional 82 shares during the period. Lincoln National Corp grew its holdings in shares of AMETEK by 6.1% during the 3rd quarter. Lincoln National Corp now owns 1,436 shares of the technology company’s stock worth $212,000 after acquiring an additional 83 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of AMETEK by 4.6% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,919 shares of the technology company’s stock worth $284,000 after acquiring an additional 85 shares during the period. Institutional investors own 87.43% of the company’s stock.

Insider Buying and Selling

In related news, Director Steven W. Kohlhagen sold 1,400 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $180.59, for a total value of $252,826.00. Following the completion of the sale, the director now owns 28,054 shares of the company’s stock, valued at approximately $5,066,271.86. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other AMETEK news, CFO William Joseph Burke sold 17,437 shares of AMETEK stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $168.51, for a total transaction of $2,938,308.87. Following the sale, the chief financial officer now owns 101,709 shares of the company’s stock, valued at approximately $17,138,983.59. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven W. Kohlhagen sold 1,400 shares of AMETEK stock in a transaction on Tuesday, March 12th. The stock was 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 in the company, valued at approximately $5,066,271.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,881 shares of company stock valued at $10,689,758. 0.61% of the stock is owned by corporate insiders.

AMETEK Stock Up 0.9 %

Shares of AME stock traded up $1.53 on Tuesday, hitting $169.58. The stock had a trading volume of 999,852 shares, compared to its average volume of 974,158. The company has a quick ratio of 0.66, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. AMETEK, Inc. has a one year low of $136.89 and a one year high of $186.32. The business has a 50 day moving average price of $179.42 and a 200 day moving average price of $166.49. The company has a market cap of $39.25 billion, a PE ratio of 29.68, a P/E/G ratio of 2.66 and a beta of 1.21.

AMETEK (NYSE:AME) last posted its earnings results on Thursday, May 2nd. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.05. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.78 billion. AMETEK had a net margin of 19.57% and a return on equity of 17.74%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.49 EPS. Research analysts anticipate that AMETEK, Inc. will post 6.81 earnings per share for the current fiscal year.

AMETEK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a dividend of $0.28 per share. This is a positive change from AMETEK’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, March 7th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.66%. AMETEK’s dividend payout ratio (DPR) is 19.68%.

Wall Street Analyst Weigh In

AME has been the topic of a number of research analyst reports. Truist Financial initiated coverage on AMETEK in a report on Thursday, March 14th. They set a “buy” rating and a $210.00 target price on the stock. StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. Royal Bank of Canada cut their price target on AMETEK from $192.00 to $188.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Robert W. Baird lowered their price target on AMETEK from $173.00 to $171.00 and set a “neutral” rating for the company in a research report on Monday. Finally, KeyCorp raised their price target on AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $179.80.

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.