111 Capital Takes Position in AMETEK, Inc. (NYSE:AME)

111 Capital purchased a new position in shares of AMETEK, Inc. (NYSE:AME - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,809 shares of the technology company's stock, valued at approximately $867,000.

Other hedge funds also recently bought and sold shares of the company. Kensington Investment Counsel LLC lifted its position in shares of AMETEK by 0.5% in the fourth quarter. Kensington Investment Counsel LLC now owns 14,277 shares of the technology company's stock valued at $2,574,000 after acquiring an additional 66 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of AMETEK by 42.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company's stock valued at $42,000 after acquiring an additional 70 shares in the last quarter. Quotient Wealth Partners LLC lifted its position in shares of AMETEK by 3.9% in the fourth quarter. Quotient Wealth Partners LLC now owns 1,843 shares of the technology company's stock valued at $332,000 after acquiring an additional 70 shares in the last quarter. Howard Capital Management Inc. lifted its position in shares of AMETEK by 5.0% in the fourth quarter. Howard Capital Management Inc. now owns 1,501 shares of the technology company's stock valued at $271,000 after acquiring an additional 72 shares in the last quarter. Finally, Level Four Advisory Services LLC lifted its position in shares of AMETEK by 3.1% in the fourth quarter. Level Four Advisory Services LLC now owns 2,624 shares of the technology company's stock valued at $473,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Robert W. Baird cut their price target on AMETEK from $197.00 to $190.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Mizuho set a $212.00 price target on AMETEK in a report on Friday, May 16th. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Morgan Stanley assumed coverage on AMETEK in a report on Monday, April 14th. They issued an "equal weight" rating and a $170.00 price target for the company. Finally, Royal Bank of Canada increased their price target on AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $197.89.

AMETEK Trading Down 0.7%

Shares of NYSE AME traded down $1.18 during trading on Friday, reaching $178.86. The stock had a trading volume of 2,078,721 shares, compared to its average volume of 1,292,552. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $198.33. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.75 and a current ratio of 1.24. The business's 50-day moving average price is $168.83 and its 200-day moving average price is $179.46. The company has a market cap of $41.30 billion, a P/E ratio of 30.16, a PEG ratio of 2.73 and a beta of 1.12.

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

AMETEK Dividend Announcement

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

AMETEK announced that its Board of Directors has initiated a share buyback program on Friday, February 7th that allows the company to buyback $1.25 billion in shares. This buyback authorization allows the technology company to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Insider Activity at AMETEK

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

AMETEK 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.