Mawer Investment Management Ltd. Has $88.86 Million Holdings in AMETEK, Inc. (NYSE:AME)

Mawer Investment Management Ltd. decreased its holdings in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 538,887 shares of the technology company's stock after selling 111,085 shares during the quarter. Mawer Investment Management Ltd. owned approximately 0.23% of AMETEK worth $88,857,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AME. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of AMETEK during the 4th quarter worth approximately $25,000. Wetzel Investment Advisors Inc. acquired a new stake in AMETEK in the fourth quarter worth $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in AMETEK in the fourth quarter valued at $26,000. Bruce G. Allen Investments LLC acquired a new position in shares of AMETEK during the fourth quarter valued at $28,000. Finally, Rakuten Securities Inc. bought a new position in shares of AMETEK during the fourth quarter worth about $31,000. Institutional investors own 87.43% of the company's stock.

Insider Activity

In related news, CFO William Joseph Burke sold 5,973 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $168.90, for a total value of $1,008,839.70. Following the completion of the transaction, the chief financial officer now owns 101,709 shares of the company's stock, valued at approximately $17,178,650.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO William Joseph Burke sold 5,973 shares of the company's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $168.90, for a total value of $1,008,839.70. Following the transaction, the chief financial officer now owns 101,709 shares in the company, valued at approximately $17,178,650.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas M. Montgomery sold 6,891 shares of the business's stock in a transaction that occurred on 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 transaction, 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 have sold 59,881 shares of company stock worth $10,689,758 over the last 90 days. 0.61% of the stock is owned by company insiders.

AMETEK Price Performance

AMETEK stock traded up $0.90 during mid-day trading on Friday, hitting $170.80. The company's stock had a trading volume of 1,193,660 shares, compared to its average volume of 1,076,348. AMETEK, Inc. has a twelve month low of $136.89 and a twelve month high of $186.32. The stock's fifty day moving average price is $178.67 and its two-hundred day moving average price is $166.93. The stock has a market capitalization of $39.54 billion, a P/E ratio of 30.02, a P/E/G ratio of 2.72 and a beta of 1.21. The company has a quick ratio of 0.66, a current ratio of 1.11 and a debt-to-equity ratio of 0.21.

AMETEK (NYSE:AME - Get Free Report) last announced its earnings results on Thursday, May 2nd. The technology company reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.59 by $0.05. AMETEK had a return on equity of 17.74% and a net margin of 19.57%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the firm earned $1.49 earnings per share. AMETEK's revenue for the quarter was up 9.0% compared to the same quarter last year. Research analysts forecast that AMETEK, Inc. will post 6.84 earnings per share for the current year.

AMETEK Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Friday, June 14th. AMETEK's dividend payout ratio (DPR) is currently 19.68%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Robert W. Baird reduced their target price on shares of AMETEK from $173.00 to $171.00 and set a "neutral" rating for the company in a research note on Monday, May 6th. StockNews.com downgraded AMETEK from a "buy" rating to a "hold" rating in a research note on Saturday, March 2nd. Royal Bank of Canada decreased their price target on AMETEK from $192.00 to $188.00 and set an "outperform" rating for the company in a research note on Wednesday, February 7th. Truist Financial started coverage on AMETEK in a report on Thursday, March 14th. They set a "buy" rating and a $210.00 price target on the stock. Finally, KeyCorp increased their target price on shares of AMETEK from $182.00 to $205.00 and gave the company an "overweight" rating in a research report on Tuesday, February 27th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, AMETEK presently has an average rating of "Moderate Buy" and an average price target of $179.80.

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.