AMETEK, Inc. (NYSE:AME) Shares Bought by Unigestion Holding SA

Unigestion Holding SA lifted its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 89.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the technology company's stock after acquiring 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 also recently added to or reduced their stakes in AME. Banque Transatlantique SA purchased a new position in shares of AMETEK in the 4th quarter valued at $37,000. OFI Invest Asset Management acquired a new stake in shares of AMETEK in the 4th quarter worth $43,000. Minot DeBlois Advisors LLC purchased a new position in AMETEK during the 4th quarter worth $43,000. Quent Capital LLC increased its holdings in shares of AMETEK by 60.9% during the fourth 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 position in shares of 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 purchasing an additional 319 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company's stock.

Insider Transactions at AMETEK

In related news, Director Thomas A. Amato sold 710 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $176.64, for a total value of $125,414.40. Following the sale, the director now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.57% of the company's stock.

AMETEK Price Performance

Shares of AME traded down $0.33 during trading hours on Thursday, hitting $176.88. 1,112,258 shares of the stock were exchanged, compared to its average volume of 1,292,481. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.75 and a current ratio of 1.24. The stock's 50-day moving average price is $169.00 and its two-hundred day moving average price is $179.11. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month high of $198.33. The company has a market cap of $40.84 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 2.73 and a beta of 1.12.

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

AMETEK declared that its board has approved a share 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 purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

AMETEK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Friday, June 13th. AMETEK's payout ratio is 20.29%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AME. Mizuho set a $212.00 price objective on shares of AMETEK in a report on Friday, May 16th. Morgan Stanley assumed coverage on shares of AMETEK in a report on Monday, April 14th. They set an "equal weight" rating and a $170.00 target price for the company. Royal Bank of Canada upped their price target 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 lifted their price objective on AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Finally, Wall Street Zen upgraded AMETEK from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.