Fenimore Asset Management Inc Purchases 4,502 Shares of AMETEK, Inc. (NYSE:AME)

Fenimore Asset Management Inc grew its position in AMETEK, Inc. (NYSE:AME - Free Report) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 277,371 shares of the technology company's stock after acquiring an additional 4,502 shares during the quarter. Fenimore Asset Management Inc owned 0.12% of AMETEK worth $47,747,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Banque Transatlantique SA bought a new position in shares of AMETEK during the 4th quarter worth approximately $37,000. OFI Invest Asset Management bought a new position in shares of AMETEK during the 4th quarter worth approximately $43,000. Minot DeBlois Advisors LLC bought a new position in shares of AMETEK during the 4th quarter worth approximately $43,000. Quent Capital LLC lifted its position in shares of AMETEK by 60.9% during the 4th quarter. Quent Capital LLC now owns 251 shares of the technology company's stock worth $45,000 after buying an additional 95 shares during the period. Finally, Ancora Advisors LLC lifted its position in shares of AMETEK by 15,950.0% during the 4th quarter. Ancora Advisors LLC now owns 321 shares of the technology company's stock worth $58,000 after buying an additional 319 shares during the period. Institutional investors own 87.43% of the company's stock.

Insider Activity

In related news, Director Thomas A. Amato sold 710 shares of the company'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 approximately $1,865,318.40. This represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Truist Financial raised their target price on AMETEK from $196.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Robert W. Baird cut their price objective on AMETEK from $197.00 to $190.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Mizuho set a $212.00 target price on AMETEK in a research note on Friday, May 16th. Finally, Morgan Stanley began coverage on AMETEK in a research note on Monday, April 14th. They issued an "equal weight" rating and a $170.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, AMETEK presently has an average rating of "Moderate Buy" and an average target price of $197.89.

AMETEK Stock Up 0.9%

Shares of AMETEK stock opened at $178.44 on Monday. The business has a fifty day simple moving average of $169.22 and a 200 day simple moving average of $178.68. 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 stock has a market cap of $41.20 billion, a PE ratio of 30.09, a price-to-earnings-growth ratio of 2.73 and a beta of 1.10. AMETEK, Inc. has a 12 month low of $145.02 and a 12 month high of $198.33.

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 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 return on equity of 16.94% and a net margin of 19.83%. The company's revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $1.64 earnings per share. Research analysts predict that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Announces Dividend

The company 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 $0.31 dividend. 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 0.69%. AMETEK's dividend payout ratio (DPR) is 20.29%.

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.

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