10,000 Shares in AMETEK, Inc. (NYSE:AME) Purchased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC bought a new position in shares of AMETEK, Inc. (NYSE:AME - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 10,000 shares of the technology company's stock, valued at approximately $1,803,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Graham Capital Management L.P. acquired a new stake in shares of AMETEK in the fourth quarter valued at $4,090,000. Focus Partners Wealth raised its position in AMETEK by 11.3% in the 4th quarter. Focus Partners Wealth now owns 8,865 shares of the technology company's stock valued at $1,733,000 after purchasing an additional 902 shares in the last quarter. EdgePoint Investment Group Inc. boosted its stake in shares of AMETEK by 14.6% in the 4th quarter. EdgePoint Investment Group Inc. now owns 2,250,797 shares of the technology company's stock valued at $405,729,000 after buying an additional 286,561 shares during the period. Eisler Capital Management Ltd. purchased a new position in shares of AMETEK in the 4th quarter valued at about $12,932,000. Finally, Ethic Inc. grew its position in shares of AMETEK by 21.6% during the fourth quarter. Ethic Inc. now owns 20,192 shares of the technology company's stock worth $3,640,000 after buying an additional 3,588 shares in the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Steven W. Kohlhagen sold 1,320 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $189.41, for a total transaction of $250,021.20. Following the transaction, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas A. Amato sold 710 shares of AMETEK 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 completion of the sale, 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 disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

AMETEK Stock Performance

Shares of AME traded down $0.92 during midday trading on Monday, reaching $181.83. 194,499 shares of the stock were exchanged, compared to its average volume of 1,291,039. AMETEK, Inc. has a twelve month low of $145.02 and a twelve month high of $198.33. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.24 and a quick ratio of 0.75. The company has a market capitalization of $41.98 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 2.73 and a beta of 1.12. The business's 50-day moving average price is $168.32 and its 200 day moving average price is $179.90.

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

AMETEK announced that its board has approved a share repurchase plan on Friday, February 7th that allows the company to repurchase $1.25 billion in shares. This repurchase authorization allows the technology company to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

AMETEK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, June 13th. AMETEK's dividend payout ratio is presently 20.29%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AME shares. Morgan Stanley started coverage on shares of AMETEK in a report on Monday, April 14th. They issued an "equal weight" rating and a $170.00 target price on the stock. Truist Financial raised their price objective on shares of AMETEK from $196.00 to $200.00 and gave the company a "buy" rating in a report on Monday, May 5th. Royal Bank of Canada boosted their target price on shares of AMETEK from $194.00 to $201.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Robert W. Baird dropped 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, Mizuho set a $212.00 price target on AMETEK in a report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $198.10.

AMETEK 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.