Susquehanna Fundamental Investments LLC Buys New Holdings in AMETEK, Inc. (NYSE:AME)

Susquehanna Fundamental Investments LLC acquired a new stake in AMETEK, Inc. (NYSE:AME - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 126,716 shares of the technology company's stock, valued at approximately $22,842,000. Susquehanna Fundamental Investments LLC owned 0.05% of AMETEK at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Principal Financial Group Inc. raised its stake in shares of AMETEK by 72.0% during the third quarter. Principal Financial Group Inc. now owns 1,680,309 shares of the technology company's stock worth $288,526,000 after acquiring an additional 703,501 shares in the last quarter. Anchor Investment Management LLC lifted its holdings in shares of AMETEK by 366.1% during the third quarter. Anchor Investment Management LLC now owns 261 shares of the technology company's stock valued at $45,000 after purchasing an additional 205 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of AMETEK during the third quarter valued at approximately $2,336,000. Tidal Investments LLC lifted its holdings in shares of AMETEK by 27.0% during the third quarter. Tidal Investments LLC now owns 11,938 shares of the technology company's stock valued at $2,050,000 after purchasing an additional 2,540 shares during the last quarter. Finally, Peapack Gladstone Financial Corp increased its position in shares of AMETEK by 3.0% during the third quarter. Peapack Gladstone Financial Corp now owns 33,034 shares of the technology company's stock valued at $5,672,000 after acquiring an additional 958 shares in the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AMETEK news, Director Thomas A. Amato sold 710 shares of the firm's stock in a transaction on 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 owns 10,560 shares of the company's stock, valued at approximately $1,865,318.40. This trade represents a 6.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven W. Kohlhagen sold 1,320 shares of the firm's stock in a transaction on 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 directly owns 22,029 shares of the company's stock, valued at $4,172,512.89. The trade was a 5.65 % 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 Down 0.7 %

NYSE:AME traded down $1.15 during midday trading on Thursday, hitting $168.44. 921,551 shares of the company were exchanged, compared to its average volume of 1,407,092. The company has a fifty day simple moving average of $170.87 and a 200 day simple moving average of $179.38. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $198.33. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $38.87 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 2.73 and a beta of 1.14.

AMETEK (NYSE:AME - Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.06. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.74 billion. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The business's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 earnings per share. As a group, equities analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK announced that its board has initiated a stock repurchase program on Friday, February 7th that allows the company to buyback $1.25 billion in outstanding shares. This buyback authorization allows the technology company to buy up to 2.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

AMETEK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.74%. This is a boost from AMETEK's previous quarterly dividend of $0.28. The ex-dividend date was Friday, March 14th. AMETEK's dividend payout ratio (DPR) is 20.91%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AME. Morgan Stanley began coverage on shares of AMETEK in a research report on Monday, April 14th. They issued an "equal weight" rating and a $170.00 target price for the company. BNP Paribas raised AMETEK from a "neutral" rating to an "outperform" rating and set a $210.00 price target for the company in a research note on Thursday, January 16th. Truist Financial lowered their price objective on AMETEK from $216.00 to $196.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. StockNews.com lowered AMETEK from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. Finally, Robert W. Baird decreased their price target on AMETEK from $200.00 to $197.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $198.60.

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.