Vise Technologies Inc. Has $693,000 Position in AMETEK, Inc. (NYSE:AME)

Vise Technologies Inc. lifted its stake in AMETEK, Inc. (NYSE:AME - Free Report) by 79.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,843 shares of the technology company's stock after purchasing an additional 1,706 shares during the quarter. Vise Technologies Inc.'s holdings in AMETEK were worth $693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in AME. Kensington Investment Counsel LLC raised its stake in shares of AMETEK by 0.5% during the fourth quarter. Kensington Investment Counsel LLC now owns 14,277 shares of the technology company's stock worth $2,574,000 after buying an additional 66 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of AMETEK by 42.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company's stock worth $42,000 after acquiring an additional 70 shares in the last quarter. AlphaMark Advisors LLC lifted its holdings in shares of AMETEK by 2.1% in the fourth quarter. AlphaMark Advisors LLC now owns 3,348 shares of the technology company's stock valued at $604,000 after purchasing an additional 70 shares in the last quarter. Quotient Wealth Partners LLC raised its holdings in shares of AMETEK by 3.9% in the fourth quarter. Quotient Wealth Partners LLC now owns 1,843 shares of the technology company's stock valued at $332,000 after purchasing an additional 70 shares during the last quarter. Finally, Howard Capital Management Inc. lifted its position in AMETEK by 5.0% during the 4th quarter. Howard Capital Management Inc. now owns 1,501 shares of the technology company's stock worth $271,000 after buying an additional 72 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other AMETEK news, Director Steven W. Kohlhagen sold 1,320 shares of AMETEK stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $189.41, for a total value of $250,021.20. Following the transaction, the director now owns 22,029 shares in the company, valued at $4,172,512.89. The trade was a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas A. Amato sold 710 shares of the 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 completion of the transaction, the director now directly owns 10,560 shares of the company's stock, valued at $1,865,318.40. This trade represents a 6.30% decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.

AMETEK Stock Performance

Shares of NYSE:AME traded down $2.01 on Wednesday, reaching $178.80. 941,318 shares of the company's stock were exchanged, compared to its average volume of 1,288,432. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $198.33. The company has a fifty day moving average of $168.74 and a 200-day moving average of $179.65. The company has a market capitalization of $41.28 billion, a price-to-earnings ratio of 30.15, a PEG 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 (NYSE:AME - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $1.75 EPS for the quarter, topping analysts' consensus estimates 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 was down .2% on a year-over-year basis. During the same quarter last year, the company earned $1.64 EPS. On average, research analysts predict that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK declared that its board has initiated a share buyback program on Friday, February 7th that authorizes the company to buyback $1.25 billion in shares. This buyback authorization authorizes 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 of directors believes its shares are undervalued.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AME. Truist Financial increased their price target on shares of AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Royal Bank of Canada upped their price objective on AMETEK from $194.00 to $201.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Mizuho set a $212.00 target price on AMETEK in a research note on Friday, May 16th. Robert W. Baird decreased their target price on AMETEK from $197.00 to $190.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, Morgan Stanley started coverage on AMETEK in a report on Monday, April 14th. They set an "equal weight" rating and a $170.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $197.89.

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.