AMETEK, Inc. (NYSE:AME) Shares Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lifted its holdings in AMETEK, Inc. (NYSE:AMEFree Report) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,142 shares of the technology company’s stock after purchasing an additional 852 shares during the period. Elo Mutual Pension Insurance Co’s holdings in AMETEK were worth $3,321,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. M&T Bank Corp grew its stake in shares of AMETEK by 0.5% in the 4th quarter. M&T Bank Corp now owns 15,442 shares of the technology company’s stock worth $2,547,000 after purchasing an additional 73 shares during the last quarter. Provence Wealth Management Group boosted its holdings in shares of AMETEK by 5.5% in the fourth quarter. Provence Wealth Management Group now owns 1,435 shares of the technology company’s stock worth $237,000 after buying an additional 75 shares during the period. Metis Global Partners LLC boosted its holdings in shares of AMETEK by 0.5% in the fourth quarter. Metis Global Partners LLC now owns 15,934 shares of the technology company’s stock worth $2,627,000 after buying an additional 82 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in shares of AMETEK by 4.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 1,919 shares of the technology company’s stock worth $284,000 after buying an additional 85 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in shares of AMETEK by 2.7% in the fourth quarter. Venturi Wealth Management LLC now owns 3,203 shares of the technology company’s stock worth $528,000 after buying an additional 85 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on AME. Truist Financial began coverage on shares of AMETEK in a report on Thursday, March 14th. They issued a “buy” rating and a $210.00 target price for the company. Oppenheimer upgraded shares of AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 price target for the company in a report on Wednesday, May 22nd. KeyCorp raised their price target on shares of AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. StockNews.com upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Finally, Robert W. Baird decreased their price target on shares of AMETEK from $173.00 to $171.00 and set a “neutral” rating for the company in a report on Monday, May 6th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $181.80.

Check Out Our Latest Stock Report on AME

AMETEK Trading Up 1.8 %

NYSE:AME opened at $172.98 on Tuesday. AMETEK, Inc. has a 12 month low of $136.89 and a 12 month high of $186.32. The firm has a market cap of $40.04 billion, a price-to-earnings ratio of 30.40, a P/E/G ratio of 2.72 and a beta of 1.20. The company has a quick ratio of 0.66, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $173.44 and its 200-day moving average is $170.44.

AMETEK (NYSE:AMEGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. AMETEK had a net margin of 19.57% and a return on equity of 17.74%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter last year, the firm posted $1.49 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities analysts anticipate that AMETEK, Inc. will post 6.83 EPS for the current year.

AMETEK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Friday, June 14th. AMETEK’s dividend payout ratio is 19.68%.

Insider Buying and Selling

In related news, Director Steven W. Kohlhagen sold 1,470 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $170.20, for a total transaction of $250,194.00. Following the transaction, the director now owns 26,249 shares of the company’s stock, valued at $4,467,579.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Steven W. Kohlhagen sold 1,470 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $170.20, for a total transaction of $250,194.00. Following the transaction, the director now owns 26,249 shares of the company’s stock, valued at $4,467,579.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas A. Amato sold 780 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $182.00, for a total transaction of $141,960.00. Following the completion of the sale, the director now directly owns 10,240 shares in the company, valued at approximately $1,863,680. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,541 shares of company stock valued at $6,739,978. 0.61% of the stock is owned by company insiders.

AMETEK Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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