Unigestion Holding SA Has $1.72 Million Position in AMETEK, Inc. (NYSE:AME)

Unigestion Holding SA grew its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 89.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the technology company's stock after buying an additional 4,724 shares during the period. Unigestion Holding SA's holdings in AMETEK were worth $1,721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AME. Banque Transatlantique SA purchased a new stake in shares of AMETEK in the 4th quarter valued at $37,000. OFI Invest Asset Management acquired a new position in shares of AMETEK during the fourth quarter valued at approximately $43,000. Minot DeBlois Advisors LLC acquired a new stake in shares of AMETEK in the fourth quarter valued at about $43,000. Quent Capital LLC grew its stake 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 acquiring an additional 95 shares in the last quarter. Finally, Ancora Advisors LLC raised its holdings in AMETEK by 15,950.0% in the 4th quarter. Ancora Advisors LLC now owns 321 shares of the technology company's stock valued at $58,000 after acquiring an additional 319 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wall Street Zen raised shares of AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Royal Bank of Canada lifted their price objective on shares of AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Truist Financial raised their price target on shares of AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Mizuho set a $212.00 price objective on AMETEK in a research report on Friday, May 16th. Finally, Robert W. Baird lowered their price target 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. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $197.89.

Insider Buying and Selling

In other AMETEK news, Director Thomas A. Amato sold 710 shares of the stock in a transaction 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 transaction, the director now directly owns 10,560 shares in the company, valued at $1,865,318.40. This represents a 6.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.57% of the stock is currently owned by insiders.

AMETEK Stock Performance

AME traded up $1.51 during trading on Friday, reaching $178.44. The company's stock had a trading volume of 1,041,040 shares, compared to its average volume of 1,293,541. AMETEK, Inc. has a 52-week low of $145.02 and a 52-week high of $198.33. The company's fifty day moving average price is $169.22 and its 200-day moving average price is $178.89. The company has a market capitalization of $41.20 billion, a price-to-earnings ratio of 30.09, a price-to-earnings-growth ratio of 2.73 and a beta of 1.12. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.75 and a current ratio of 1.24.

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

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.31 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.24 annualized dividend and a dividend yield of 0.69%. AMETEK's dividend payout ratio (DPR) is presently 20.29%.

AMETEK declared that its board has authorized a stock repurchase program on Friday, February 7th that permits the company to buyback $1.25 billion in outstanding shares. This buyback authorization permits the technology company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

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.