AMETEK, Inc. (NYSE:AME) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 224,958 shares of the technology company's stock after purchasing an additional 12,793 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.10% of AMETEK worth $36,128,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. bought a new position in AMETEK during the 4th quarter valued at $25,000. Wetzel Investment Advisors Inc. purchased a new stake in AMETEK in the 4th quarter worth about $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in AMETEK in the 4th quarter worth approximately $26,000. Bruce G. Allen Investments LLC acquired a new stake in shares of AMETEK during the 4th quarter valued at $28,000. Finally, Rakuten Securities Inc. purchased a new position in shares of AMETEK during the 4th quarter valued at $31,000. Institutional investors and hedge funds own 87.43% of the company's stock.

Insiders Place Their Bets

In other news, Director Steven W. Kohlhagen sold 1,470 shares of the firm's stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $170.20, for a total transaction of $250,194.00. Following the sale, the director now owns 26,249 shares in the company, valued at approximately $4,467,579.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Thomas M. Montgomery sold 6,891 shares of the business's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $185.38, for a total transaction of $1,277,453.58. Following the transaction, the vice president now owns 21,543 shares in the company, valued at approximately $3,993,641.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven W. Kohlhagen sold 1,470 shares of the firm's stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $170.20, for a total value of $250,194.00. Following the completion of the sale, the director now directly owns 26,249 shares of the company's stock, valued at approximately $4,467,579.80. The disclosure for this sale can be found here. Insiders sold 37,941 shares of company stock worth $6,992,804 over the last quarter. 0.61% of the stock is currently owned by company insiders.

AMETEK Trading Down 1.0 %

Shares of NYSE AME traded down $1.72 during trading on Thursday, reaching $167.91. The company had a trading volume of 955,682 shares, compared to its average volume of 988,186. The stock has a market cap of $38.87 billion, a P/E ratio of 29.63, a PEG 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, Inc. has a 12 month low of $136.89 and a 12 month high of $186.32. The company's fifty day moving average price is $178.01 and its 200-day moving average price is $167.74.

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

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Friday, June 14th. AMETEK's dividend payout ratio (DPR) is currently 19.68%.

Analysts Set New Price Targets

A number of analysts have commented on the company. StockNews.com upgraded AMETEK from a "hold" rating to a "buy" rating in a research report on Monday. Truist Financial initiated coverage on shares of AMETEK in a research report on Thursday, March 14th. They set a "buy" rating and a $210.00 price target for the company. KeyCorp raised their price objective on shares of AMETEK from $182.00 to $205.00 and gave the company an "overweight" rating in a research note on Tuesday, February 27th. Robert W. Baird cut their price target on AMETEK from $173.00 to $171.00 and set a "neutral" rating on the stock in a research note on Monday, May 6th. Finally, Royal Bank of Canada dropped their price objective on AMETEK from $192.00 to $188.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus 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.