Compagnie Lombard Odier SCmA Invests $113.32 Million in AMETEK, Inc. (NYSE:AME)

Compagnie Lombard Odier SCmA acquired a new position in shares of AMETEK, Inc. (NYSE:AME - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 658,284 shares of the technology company's stock, valued at approximately $113,317,000. AMETEK comprises 1.4% of Compagnie Lombard Odier SCmA's holdings, making the stock its 18th largest position. Compagnie Lombard Odier SCmA owned about 0.29% of AMETEK at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AME. Empowered Funds LLC raised its holdings in shares of AMETEK by 120.1% in the 4th quarter. Empowered Funds LLC now owns 27,182 shares of the technology company's stock valued at $4,900,000 after purchasing an additional 14,834 shares during the period. Savant Capital LLC raised its holdings in AMETEK by 11.1% in the 4th quarter. Savant Capital LLC now owns 3,120 shares of the technology company's stock valued at $562,000 after acquiring an additional 312 shares during the period. Quent Capital LLC raised its holdings in AMETEK by 60.9% in the 4th quarter. Quent Capital LLC now owns 251 shares of the technology company's stock valued at $45,000 after acquiring an additional 95 shares during the period. Portfolio Design Labs LLC raised its holdings in AMETEK by 36.0% in the 4th quarter. Portfolio Design Labs LLC now owns 11,871 shares of the technology company's stock valued at $2,140,000 after acquiring an additional 3,145 shares during the period. Finally, Vontobel Holding Ltd. raised its holdings in AMETEK by 7.5% in the 4th quarter. Vontobel Holding Ltd. now owns 5,348 shares of the technology company's stock valued at $964,000 after acquiring an additional 373 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AMETEK

In related news, Director Thomas A. Amato sold 710 shares of the business's stock in a transaction 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 transaction, the director now owns 10,560 shares in the company, valued at $1,865,318.40. The trade was a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.57% of the stock is owned by company insiders.

AMETEK Price Performance

Shares of NYSE AME traded down $2.97 during midday trading on Friday, reaching $176.69. 864,736 shares of the company were exchanged, compared to its average volume of 1,291,242. The stock's 50-day moving average price is $170.81 and its 200-day moving average price is $178.45. The stock has a market cap of $40.79 billion, a P/E ratio of 29.80, a PEG ratio of 2.73 and a beta of 1.10. AMETEK, Inc. has a one year low of $145.02 and a one year high of $198.33. The company has a quick ratio of 0.75, a current ratio of 1.24 and a debt-to-equity ratio of 0.15.

AMETEK (NYSE:AME - Get Free Report) last posted its 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 analysts' expectations of $1.74 billion. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The company's revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.64 earnings per share. On average, sell-side analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued 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 presently 20.29%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Morgan Stanley assumed coverage on shares of AMETEK in a report on Monday, April 14th. They set an "equal weight" rating and a $170.00 target price on the stock. Truist Financial raised their target price on shares of AMETEK from $196.00 to $200.00 and gave the stock 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. Wall Street Zen upgraded shares of AMETEK from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Robert W. Baird reduced their price target on shares of AMETEK from $197.00 to $190.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $197.89.

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.