Tokio Marine Asset Management Co. Ltd. increased its position in shares of AMETEK, Inc. (NYSE:AME – Free Report) by 9.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,049 shares of the technology company’s stock after purchasing an additional 5,300 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in AMETEK were worth $11,101,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of AMETEK by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 26,997,665 shares of the technology company’s stock worth $4,885,497,000 after purchasing an additional 513,402 shares during the period. State Street Corp grew its position in shares of AMETEK by 1.3% during the second quarter. State Street Corp now owns 9,637,303 shares of the technology company’s stock worth $1,743,966,000 after acquiring an additional 126,105 shares during the last quarter. Geode Capital Management LLC boosted its stake in AMETEK by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 5,794,236 shares of the technology company’s stock valued at $1,044,009,000 after purchasing an additional 104,139 shares during the period. Invesco Ltd. grew its position in AMETEK by 22.3% in the 2nd quarter. Invesco Ltd. now owns 4,254,475 shares of the technology company’s stock worth $769,890,000 after purchasing an additional 775,078 shares during the last quarter. Finally, Flossbach Von Storch SE raised its holdings in shares of AMETEK by 0.4% during the second quarter. Flossbach Von Storch SE now owns 3,785,676 shares of the technology company’s stock valued at $685,056,000 after buying an additional 15,610 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.
AMETEK Trading Up 0.3%
Shares of NYSE AME opened at $210.59 on Monday. The firm has a market capitalization of $48.48 billion, a PE ratio of 33.22, a PEG ratio of 2.77 and a beta of 1.04. AMETEK, Inc. has a one year low of $145.02 and a one year high of $214.60. The company has a current ratio of 1.16, a quick ratio of 0.72 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $200.86 and a two-hundred day moving average price of $190.23.
AMETEK Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a $0.31 dividend. The ex-dividend date was Friday, December 5th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.6%. AMETEK’s dividend payout ratio (DPR) is currently 19.56%.
Insider Buying and Selling at AMETEK
In other news, insider Ronald J. Oscher sold 26,290 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $200.05, for a total value of $5,259,314.50. Following the sale, the insider directly owned 40,226 shares in the company, valued at approximately $8,047,211.30. This represents a 39.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Thomas C. Marecic sold 14,310 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $202.11, for a total value of $2,892,194.10. Following the transaction, the insider owned 42,589 shares of the company’s stock, valued at $8,607,662.79. This represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 163,378 shares of company stock worth $32,471,654. Corporate insiders own 0.57% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Mizuho raised their price target on AMETEK from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Truist Financial boosted their price target on shares of AMETEK from $219.00 to $229.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Royal Bank Of Canada increased their price objective on shares of AMETEK from $212.00 to $229.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of AMETEK in a research report on Wednesday, October 8th. Finally, Cowen upgraded AMETEK from a “sell” rating to a “buy” rating in a research report on Tuesday, December 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $223.75.
View Our Latest Stock Report on AMETEK
AMETEK Profile
AMETEK, Inc is a global manufacturer of electronic instruments and electromechanical devices that serves a broad range of industries. Headquartered in Berwyn, Pennsylvania, the company designs and produces precision instruments, electronic measurement devices, specialty sensors, and electric motors and motion control systems. Its product portfolio includes analytical and monitoring instruments, calibration equipment, power supplies, embedded electronics, and industrial motors and drives used for critical applications.
The company operates through two primary business platforms — an electronic instruments group focused on analytical, test and measurement and sensor products, and an electromechanical group that supplies motors, actuators, and related power and motion solutions.
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