AMETEK, Inc. (NYSE:AME) Shares Sold by iSAM Funds UK Ltd

iSAM Funds UK Ltd cut its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 77.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,157 shares of the technology company's stock after selling 3,870 shares during the quarter. iSAM Funds UK Ltd's holdings in AMETEK were worth $209,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vident Advisory LLC increased its holdings in shares of AMETEK by 11.8% during the 4th quarter. Vident Advisory LLC now owns 6,887 shares of the technology company's stock valued at $1,242,000 after purchasing an additional 728 shares in the last quarter. Two Sigma Advisers LP increased its holdings in shares of AMETEK by 2.1% during the 4th quarter. Two Sigma Advisers LP now owns 313,900 shares of the technology company's stock valued at $56,584,000 after purchasing an additional 6,400 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of AMETEK by 3.9% during the 4th quarter. Tidal Investments LLC now owns 12,398 shares of the technology company's stock valued at $2,235,000 after purchasing an additional 460 shares in the last quarter. State of Wyoming increased its holdings in shares of AMETEK by 17.9% during the 4th quarter. State of Wyoming now owns 2,794 shares of the technology company's stock valued at $504,000 after purchasing an additional 424 shares in the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of AMETEK by 6.9% during the 4th quarter. Toronto Dominion Bank now owns 139,654 shares of the technology company's stock valued at $25,172,000 after purchasing an additional 9,032 shares in the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

AMETEK Trading Down 0.4%

Shares of NYSE AME traded down $0.80 during trading on Friday, hitting $177.74. 1,108,463 shares of the company were exchanged, compared to its average volume of 1,289,959. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month 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 company has a fifty day moving average price of $168.63 and a 200-day moving average price of $179.87. The firm has a market capitalization of $41.04 billion, a PE ratio of 29.97, a P/E/G ratio of 2.73 and a beta of 1.12.

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

AMETEK Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 0.70%. AMETEK's dividend payout ratio (DPR) is currently 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 outstanding shares. This buyback authorization allows the technology company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have recently weighed in on AME. Truist Financial lifted their target price on shares of 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 target price on shares of AMETEK in a report on Friday, May 16th. Morgan Stanley began coverage on shares of AMETEK in a research note on Monday, April 14th. They issued an "equal weight" rating and a $170.00 price target on the stock. Royal Bank of Canada lifted their price target on shares of AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Finally, Wall Street Zen raised shares of AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $197.89.

Insider Activity at AMETEK

In other AMETEK news, Director Steven W. Kohlhagen sold 1,320 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were 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 $4,172,512.89. This represents a 5.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas A. Amato sold 710 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $176.64, for a total transaction of $125,414.40. Following the sale, the director now owns 10,560 shares in the company, 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 owned by insiders.

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.