DSG Capital Advisors LLC Makes New $532,000 Investment in AMETEK, Inc. (NYSE:AME)

DSG Capital Advisors LLC bought a new stake in AMETEK, Inc. (NYSE:AME - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,950 shares of the technology company's stock, valued at approximately $532,000.

A number of other large investors also recently added to or reduced their stakes in the company. Banque Transatlantique SA acquired a new stake in shares of AMETEK in the fourth quarter valued at $37,000. Geneos Wealth Management Inc. boosted its holdings in AMETEK by 42.9% during the 4th 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 during the period. Minot DeBlois Advisors LLC purchased a new position in AMETEK during the 4th quarter valued at about $43,000. OFI Invest Asset Management acquired a new position in AMETEK in the 4th quarter valued at about $43,000. Finally, Quent Capital LLC increased its stake in AMETEK by 60.9% during the fourth quarter. Quent Capital LLC now owns 251 shares of the technology company's stock worth $45,000 after purchasing an additional 95 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Thomas A. Amato sold 710 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $176.64, for a total transaction of $125,414.40. Following the completion of the sale, the director now owns 10,560 shares of the company's stock, valued at approximately $1,865,318.40. This represents a 6.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.57% of the company's stock.

AMETEK Trading Down 0.7%

AME opened at $178.86 on Monday. The firm has a market cap of $41.30 billion, a price-to-earnings ratio of 30.16, a price-to-earnings-growth ratio of 2.73 and a beta of 1.12. AMETEK, Inc. has a 52 week low of $145.02 and a 52 week 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. The business's 50 day moving average is $168.83 and its two-hundred day moving average is $179.25.

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

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

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend yield of 0.69%. AMETEK's dividend payout ratio (DPR) is 20.29%.

Analysts Set New Price Targets

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

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.