Bryn Mawr Capital Management LLC Takes $757,000 Position in AMETEK, Inc. (NYSE:AME)

Bryn Mawr Capital Management LLC purchased a new stake in AMETEK, Inc. (NYSE:AME - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,591 shares of the technology company's stock, valued at approximately $757,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Morgan Stanley increased its holdings in shares of AMETEK by 19.2% in the third quarter. Morgan Stanley now owns 4,189,108 shares of the technology company's stock valued at $618,983,000 after purchasing an additional 674,549 shares in the last quarter. Flossbach Von Storch AG grew its holdings in AMETEK by 10.8% during the 4th quarter. Flossbach Von Storch AG now owns 2,586,030 shares of the technology company's stock worth $426,410,000 after acquiring an additional 252,455 shares during the period. Northern Trust Corp grew its holdings in AMETEK by 4.3% during the 3rd quarter. Northern Trust Corp now owns 2,362,467 shares of the technology company's stock worth $349,078,000 after acquiring an additional 96,793 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in AMETEK by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,193,916 shares of the technology company's stock worth $176,413,000 after acquiring an additional 10,893 shares during the period. Finally, Adage Capital Partners GP L.L.C. grew its holdings in AMETEK by 84.9% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,081,557 shares of the technology company's stock worth $159,811,000 after acquiring an additional 496,523 shares during the period. Institutional investors and hedge funds own 87.43% of the company's stock.

AMETEK Stock Down 0.2 %

NYSE AME traded down $0.42 on Friday, reaching $177.51. The company had a trading volume of 637,924 shares, compared to its average volume of 788,079. The firm has a market capitalization of $41.04 billion, a price-to-earnings ratio of 31.31, a price-to-earnings-growth ratio of 2.84 and a beta of 1.22. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.59 and a current ratio of 0.98. AMETEK, Inc. has a 1-year low of $133.77 and a 1-year high of $186.32. The company's fifty day moving average is $180.12 and its 200-day moving average is $165.44.

AMETEK (NYSE:AME - Get Free Report) last announced its earnings results on Tuesday, February 6th. The technology company reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.06. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.73 billion. AMETEK had a net margin of 19.91% and a return on equity of 17.96%. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 EPS. On average, research analysts forecast that AMETEK, Inc. will post 6.82 earnings per share for the current fiscal year.

AMETEK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. This is an increase from AMETEK's previous quarterly dividend of $0.25. The ex-dividend date was Thursday, March 7th. AMETEK's dividend payout ratio is currently 19.75%.

Wall Street Analyst Weigh In

A number of research firms have commented on AME. Royal Bank of Canada lowered their target price on shares of AMETEK from $192.00 to $188.00 and set an "outperform" rating for the company in a report on Wednesday, February 7th. StockNews.com lowered shares of AMETEK from a "buy" rating to a "hold" rating in a report on Saturday, March 2nd. KeyCorp lifted their price target on shares of AMETEK from $182.00 to $205.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 27th. Finally, Truist Financial started coverage on shares of AMETEK in a report on Thursday, March 14th. They issued a "buy" rating and a $210.00 price target for the company. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $180.78.

Insider Transactions at AMETEK

In other news, VP Thomas M. Montgomery sold 6,891 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $185.38, for a total transaction of $1,277,453.58. Following the completion of the transaction, the vice president now directly owns 21,543 shares in the company, valued at approximately $3,993,641.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Thomas A. Amato sold 780 shares of the company's stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $182.00, for a total value of $141,960.00. Following the sale, the director now directly owns 10,240 shares of the company's stock, valued at approximately $1,863,680. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas M. Montgomery sold 6,891 shares of the company's stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $185.38, for a total transaction of $1,277,453.58. Following the completion of the sale, the vice president now directly owns 21,543 shares in the company, valued at $3,993,641.34. The disclosure for this sale can be found here. Insiders sold a total of 59,881 shares of company stock worth $10,689,758 in the last three months. Insiders own 0.61% of the company's stock.

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.