Running Oak Capital LLC Acquires 7,612 Shares of AMETEK, Inc. (NYSE:AME)

Running Oak Capital LLC increased its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 9.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,259 shares of the technology company's stock after purchasing an additional 7,612 shares during the period. Running Oak Capital LLC's holdings in AMETEK were worth $14,676,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Bank Pictet & Cie Europe AG lifted its holdings in AMETEK by 23.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 183,024 shares of the technology company's stock worth $32,992,000 after acquiring an additional 34,866 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in AMETEK by 31.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 5,130 shares of the technology company's stock worth $925,000 after acquiring an additional 1,234 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in AMETEK by 20.4% during the fourth quarter. Handelsbanken Fonder AB now owns 60,399 shares of the technology company's stock worth $10,888,000 after acquiring an additional 10,214 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in AMETEK by 92.3% during the fourth quarter. Wolverine Asset Management LLC now owns 12,500 shares of the technology company's stock worth $2,253,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Olympiad Research LP bought a new position in AMETEK during the fourth quarter worth about $238,000. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Stock Performance

NYSE AME traded up $0.74 during trading on Monday, reaching $177.43. 1,461,252 shares of the company's stock were exchanged, compared to its average volume of 1,293,714. The business has a 50 day moving average price of $173.25 and a 200-day moving average price of $177.46. The stock has a market capitalization of $40.97 billion, a P/E ratio of 29.04, a PEG ratio of 2.65 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.41 and a quick ratio of 0.86. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.06. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.74 billion. AMETEK had a return on equity of 16.75% and a net margin of 20.43%. The business's revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.64 earnings per share. Sell-side analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.70%. AMETEK's dividend payout ratio (DPR) is currently 20.29%.

Insider Transactions at AMETEK

In other news, Director Thomas A. Amato sold 710 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $176.64, for a total transaction of $125,414.40. Following the transaction, 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 is accessible through this link. 0.57% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on AME shares. Royal Bank Of Canada boosted 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. Truist Financial boosted their price target on AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a report on Monday, May 5th. Mizuho set a $212.00 price target on AMETEK in a report on Friday, May 16th. Morgan Stanley started coverage on AMETEK in a report on Monday, April 14th. They issued an "equal weight" rating and a $170.00 price target on the stock. Finally, Robert W. Baird cut their price target on AMETEK from $197.00 to $190.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $197.89.

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.