AMETEK, Inc. (NYSE:AME) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank grew its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 139,654 shares of the technology company's stock after buying an additional 9,032 shares during the quarter. Toronto Dominion Bank owned 0.06% of AMETEK worth $25,172,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in AMETEK by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,985,350 shares of the technology company's stock worth $1,199,454,000 after buying an additional 250,538 shares during the last quarter. AdvisorNet Financial Inc increased its position in shares of AMETEK by 1,176.5% in the 4th quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company's stock worth $39,000 after purchasing an additional 200 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of AMETEK by 2.5% in the 4th quarter. Park Avenue Securities LLC now owns 6,588 shares of the technology company's stock valued at $1,188,000 after acquiring an additional 160 shares during the last quarter. Procyon Advisors LLC raised its holdings in shares of AMETEK by 7.8% during the fourth quarter. Procyon Advisors LLC now owns 2,146 shares of the technology company's stock worth $387,000 after purchasing an additional 155 shares during the period. Finally, Merit Financial Group LLC bought a new position in AMETEK in the fourth quarter worth about $258,000. Institutional investors and hedge funds own 87.43% of the company's stock.

Insider Buying and Selling at AMETEK

In related news, 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 value of $125,414.40. Following the sale, the director now directly owns 10,560 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, Director Steven W. Kohlhagen sold 1,320 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $189.41, for a total transaction of $250,021.20. Following the completion of the sale, the director now owns 22,029 shares of the company's stock, valued at $4,172,512.89. This trade represents a 5.65% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company's stock.

AMETEK Price Performance

Shares of NYSE:AME traded up $0.87 during trading on Thursday, reaching $178.55. The company had a trading volume of 787,379 shares, compared to its average volume of 1,292,380. The stock has a market capitalization of $41.22 billion, a P/E ratio of 30.11, a price-to-earnings-growth ratio of 2.73 and a beta of 1.12. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a 12 month low of $145.02 and a 12 month high of $198.33. The company has a fifty day moving average of $168.60 and a two-hundred day moving average of $179.91.

AMETEK (NYSE:AME - Get Free Report) last posted its 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 analysts' expectations of $1.74 billion. During the same period last year, the company posted $1.64 EPS. The company's quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts forecast that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK announced that its Board of Directors has initiated a stock buyback plan on Friday, February 7th that authorizes the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

AMETEK Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on AME. Mizuho set a $212.00 price objective on shares of AMETEK in a research note on Friday, May 16th. 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 on the stock. Robert W. Baird reduced 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. Truist Financial raised their target price on AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a report on Monday, May 5th. Finally, Wall Street Zen raised AMETEK from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $198.10.

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.