Tudor Investment Corp ET AL Buys 40,543 Shares of AMETEK, Inc. (NYSE:AME)

Tudor Investment Corp ET AL increased its position in shares of AMETEK, Inc. (NYSE:AME - Free Report) by 57.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,708 shares of the technology company's stock after purchasing an additional 40,543 shares during the quarter. Tudor Investment Corp ET AL's holdings in AMETEK were worth $19,956,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AME. Versant Capital Management Inc boosted its stake in AMETEK by 3,116.7% in the fourth quarter. Versant Capital Management Inc now owns 193 shares of the technology company's stock valued at $35,000 after buying an additional 187 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of AMETEK by 1,176.5% during the 4th quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company's stock valued at $39,000 after acquiring an additional 200 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in AMETEK by 42.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company's stock worth $42,000 after purchasing an additional 70 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of AMETEK during the fourth quarter valued at about $43,000. Finally, Anchor Investment Management LLC raised its holdings in AMETEK by 366.1% in the 3rd quarter. Anchor Investment Management LLC now owns 261 shares of the technology company's stock valued at $45,000 after buying an additional 205 shares during the last quarter. 87.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Truist Financial dropped their price target on shares of 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 report on Friday, April 11th. Morgan Stanley began coverage on AMETEK in a research report on Monday, April 14th. They issued an "equal weight" rating and a $170.00 price target on the stock. Royal Bank of Canada raised their price objective on AMETEK from $194.00 to $201.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Robert W. Baird cut their price objective on AMETEK from $200.00 to $197.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $197.20.

AMETEK Stock Up 1.7 %

Shares of NYSE AME traded up $2.89 during mid-day trading on Friday, reaching $170.15. 1,160,346 shares of the company's stock traded hands, compared to its average volume of 1,300,418. 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 business has a 50-day simple moving average of $170.50 and a 200 day simple moving average of $179.35. The stock has a market cap of $39.26 billion, a P/E ratio of 28.69, a PEG ratio of 2.73 and a beta of 1.14. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year high of $198.33.

AMETEK (NYSE:AME - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.06. AMETEK had a return on equity of 16.94% and a net margin of 19.83%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the company posted $1.64 EPS. The company's revenue for the quarter was down .2% on a year-over-year basis. On average, analysts expect that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.31 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.24 annualized dividend and a yield of 0.73%. This is a boost from AMETEK's previous quarterly dividend of $0.28. AMETEK's payout ratio is currently 20.91%.

AMETEK declared that its Board of Directors has authorized a share repurchase program on Friday, February 7th that allows the company to buyback $1.25 billion in 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.

Insider Buying and Selling at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,320 shares of the company's stock in a transaction that occurred 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 owns 22,029 shares in the company, valued at approximately $4,172,512.89. This represents a 5.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas A. Amato sold 710 shares of the business's stock in a transaction 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 owns 10,560 shares in the company, valued at approximately $1,865,318.40. The trade was a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company's stock.

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.