D. E. Shaw & Co. Inc. Has $42.53 Million Stake in AMETEK, Inc. (NYSE:AME)

D. E. Shaw & Co. Inc. boosted its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 1,230.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,910 shares of the technology company's stock after acquiring an additional 218,185 shares during the period. D. E. Shaw & Co. Inc. owned about 0.10% of AMETEK worth $42,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. National Bank of Canada FI boosted its holdings in shares of AMETEK by 17.4% in the 4th quarter. National Bank of Canada FI now owns 142,093 shares of the technology company's stock valued at $25,616,000 after buying an additional 21,009 shares in the last quarter. Czech National Bank boosted its holdings in shares of AMETEK by 6.3% in the 4th quarter. Czech National Bank now owns 50,153 shares of the technology company's stock valued at $9,041,000 after buying an additional 2,987 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of AMETEK by 434.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 541,517 shares of the technology company's stock valued at $97,614,000 after buying an additional 440,197 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of AMETEK by 16.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 88,898 shares of the technology company's stock valued at $16,025,000 after purchasing an additional 12,584 shares during the last quarter. Finally, Fox Run Management L.L.C. raised its position in shares of AMETEK by 74.1% in the 4th quarter. Fox Run Management L.L.C. now owns 8,418 shares of the technology company's stock valued at $1,517,000 after purchasing an additional 3,584 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors.

AMETEK Stock Performance

AME traded down $1.11 during trading on Wednesday, reaching $179.39. 1,254,789 shares of the company were exchanged, compared to its average volume of 1,295,365. The stock has a market cap of $41.42 billion, a P/E ratio of 30.25, a PEG ratio of 2.73 and a beta of 1.12. The firm has a 50 day moving average of $168.33 and a 200 day moving average of $179.66. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $1.75 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.06. AMETEK had a return on equity of 16.94% and a net margin of 19.83%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the company earned $1.64 earnings per share. The company's quarterly revenue was down .2% compared to the same quarter last year. On average, sell-side analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, June 13th. AMETEK's dividend payout ratio (DPR) is presently 20.29%.

AMETEK announced that its Board of Directors has approved a stock repurchase program on Friday, February 7th that allows the company to buyback $1.25 billion in outstanding shares. This buyback authorization allows the technology company to buy up to 2.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have issued reports on AME shares. Royal Bank of Canada raised their price target on shares of AMETEK from $194.00 to $201.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. BNP Paribas raised shares of AMETEK from a "neutral" rating to an "outperform" rating and set a $210.00 target price for the company in a report on Thursday, January 16th. StockNews.com raised shares of AMETEK from a "hold" rating to a "buy" rating in a research report on Monday. Truist Financial upped their target price on shares of AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, Morgan Stanley assumed coverage on shares of AMETEK in a research report on Monday, April 14th. They issued an "equal weight" rating and a $170.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $196.90.

Insider Transactions at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,320 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $189.41, for a total transaction of $250,021.20. Following the sale, the director now directly owns 22,029 shares in the company, valued at approximately $4,172,512.89. The trade was a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas A. Amato sold 710 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $176.64, for a total value of $125,414.40. Following the transaction, the director now owns 10,560 shares of the company's stock, valued at $1,865,318.40. This represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.57% of the company's stock.

About AMETEK

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.