AMETEK, Inc. (NYSE:AME) Position Boosted by Curi RMB Capital LLC

Curi RMB Capital LLC lifted its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 17.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 229,382 shares of the technology company's stock after purchasing an additional 34,152 shares during the quarter. AMETEK comprises about 1.0% of Curi RMB Capital LLC's holdings, making the stock its 23rd largest holding. Curi RMB Capital LLC owned 0.10% of AMETEK worth $41,348,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its position in shares of AMETEK by 72.0% during the third quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company's stock worth $288,526,000 after buying an additional 703,501 shares in the last quarter. Anchor Investment Management LLC boosted its holdings in shares of AMETEK by 366.1% in the 3rd quarter. Anchor Investment Management LLC now owns 261 shares of the technology company's stock valued at $45,000 after buying an additional 205 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in AMETEK during the 3rd quarter worth $2,336,000. Tidal Investments LLC increased its position in shares of AMETEK by 27.0% during the third quarter. Tidal Investments LLC now owns 11,938 shares of the technology company's stock worth $2,050,000 after purchasing an additional 2,540 shares in the last quarter. Finally, Peapack Gladstone Financial Corp grew its stake in AMETEK by 3.0% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 33,034 shares of the technology company's stock worth $5,672,000 after buying an additional 958 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

Insider Transactions at AMETEK

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

Analyst Ratings Changes

AME has been the subject of a number of recent research reports. Morgan Stanley assumed coverage on shares of AMETEK in a research note on Monday, April 14th. They set an "equal weight" rating and a $170.00 price target for the company. StockNews.com cut AMETEK from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. Truist Financial reduced their target price on shares of AMETEK from $216.00 to $196.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Robert W. Baird decreased their target price on AMETEK from $200.00 to $197.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Finally, BNP Paribas upgraded 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $198.60.

AMETEK Trading Up 2.9 %

Shares of AME traded up $4.68 during trading hours on Thursday, hitting $166.87. The stock had a trading volume of 549,836 shares, compared to its average volume of 1,422,473. The company's fifty day simple moving average is $172.74 and its 200 day simple moving average is $179.41. The firm has a market cap of $38.51 billion, a P/E ratio of 28.14, a P/E/G ratio of 2.73 and a beta of 1.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.75 and a current ratio of 1.24. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last issued its earnings results on Tuesday, February 4th. The technology company reported $1.87 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.02. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.82 billion. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The business's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.68 EPS. Equities research analysts forecast that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK declared that its board has initiated a stock repurchase plan on Friday, February 7th that authorizes the company to repurchase $1.25 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

AMETEK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.31 dividend. This is a boost from AMETEK's previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, March 14th. AMETEK's dividend payout ratio is presently 20.91%.

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.