AMETEK, Inc. (NYSE:AME) Shares Purchased by Czech National Bank

Czech National Bank boosted its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 5.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,127 shares of the technology company's stock after buying an additional 2,974 shares during the period. Czech National Bank's holdings in AMETEK were worth $9,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Banque Transatlantique SA acquired a new position in AMETEK during the 4th quarter valued at about $37,000. Minot DeBlois Advisors LLC acquired a new position in AMETEK during the 4th quarter valued at about $43,000. OFI Invest Asset Management acquired a new position in AMETEK during the 4th quarter valued at about $43,000. Quent Capital LLC increased its position in AMETEK by 60.9% during the 4th quarter. Quent Capital LLC now owns 251 shares of the technology company's stock valued at $45,000 after buying an additional 95 shares in the last quarter. Finally, Ancora Advisors LLC increased its position in AMETEK by 15,950.0% during the 4th quarter. Ancora Advisors LLC now owns 321 shares of the technology company's stock valued at $58,000 after buying an additional 319 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Robert W. Baird reduced their target price on AMETEK from $197.00 to $190.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Royal Bank of Canada upped their target price on AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. 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 objective on the stock. Finally, Truist Financial increased their price objective on AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a report on Monday, May 5th. One equities research 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 company presently has an average rating of "Moderate Buy" and an average price target of $197.89.

Insider Buying and Selling

In related news, Director Thomas A. Amato sold 710 shares of the firm'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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.57% of the stock is owned by corporate insiders.

AMETEK Stock Performance

Shares of AME stock traded up $1.51 during mid-day trading on Friday, reaching $178.44. The stock had a trading volume of 1,041,040 shares, compared to its average volume of 1,293,428. The business's fifty day moving average is $169.22 and its 200-day moving average is $178.89. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 0.15. The firm has a market cap of $41.20 billion, a price-to-earnings ratio of 30.09, a PEG ratio of 2.73 and a beta of 1.12. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.75 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.06. The business had revenue of $1.73 billion for 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%. The company's revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company earned $1.64 earnings per share. On average, research analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Announces Dividend

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 dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, June 13th. AMETEK's dividend payout ratio (DPR) is 20.29%.

AMETEK announced that its board has approved a stock repurchase program on Friday, February 7th that authorizes the company to buyback $1.25 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

AMETEK Company 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.