AMETEK, Inc. (NYSE:AME) Stock Holdings Trimmed by Mendel Money Management

Mendel Money Management lessened its holdings in AMETEK, Inc. (NYSE:AME) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,297 shares of the technology company’s stock after selling 1,550 shares during the quarter. AMETEK accounts for approximately 2.3% of Mendel Money Management’s holdings, making the stock its 10th largest holding. Mendel Money Management’s holdings in AMETEK were worth $5,101,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. MassMutual Private Wealth & Trust FSB grew its position in AMETEK by 4.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,450 shares of the technology company’s stock worth $261,000 after purchasing an additional 63 shares during the last quarter. Kensington Investment Counsel LLC raised its position in AMETEK by 0.5% during the 4th quarter. Kensington Investment Counsel LLC now owns 14,277 shares of the technology company’s stock worth $2,574,000 after buying an additional 66 shares during the last quarter. AlphaMark Advisors LLC lifted its position in AMETEK by 2.1% during the fourth quarter. AlphaMark Advisors LLC now owns 3,348 shares of the technology company’s stock valued at $604,000 after purchasing an additional 70 shares during the period. Geneos Wealth Management Inc. grew its position in AMETEK by 42.9% during 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 during the period. Finally, Quotient Wealth Partners LLC lifted its holdings in shares of AMETEK by 3.9% in the 4th quarter. Quotient Wealth Partners LLC now owns 1,843 shares of the technology company’s stock valued at $332,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 87.43% of the company’s stock.

AMETEK Trading Up 0.5 %

Shares of AME stock opened at $179.69 on Wednesday. The stock has a market capitalization of $41.46 billion, a P/E ratio of 30.30, a P/E/G ratio of 2.73 and a beta of 1.14. AMETEK, Inc. has a fifty-two week low of $149.03 and a fifty-two week high of $198.33. The stock has a 50-day simple moving average of $182.98 and a 200 day simple moving average of $180.83. The company has a quick ratio of 0.75, a current ratio of 1.24 and a debt-to-equity ratio of 0.15.

AMETEK (NYSE:AME) last posted its earnings results on Tuesday, February 4th. The technology company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.85 by $0.02. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.82 billion. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.68 earnings per share. On average, sell-side analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.69%. This is a positive change from AMETEK’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, March 14th. AMETEK’s dividend payout ratio (DPR) is presently 20.91%.

AMETEK declared that its Board of Directors has authorized a share buyback program on Friday, February 7th that permits the company to buyback $1.25 billion in outstanding shares. This buyback authorization permits the technology company to buy up to 2.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

AME has been the subject of several recent analyst reports. BNP Paribas upgraded 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. Robert W. Baird decreased their price target on shares of AMETEK from $200.00 to $197.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Bank of America raised shares of AMETEK from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $195.00 to $225.00 in a research note on Monday, December 16th. StockNews.com raised AMETEK from a “hold” rating to a “buy” rating in a research note on Sunday, March 9th. Finally, Truist Financial lifted their price target on shares of AMETEK from $221.00 to $222.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.67.

Insider Buying and Selling at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,320 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $189.41, for a total transaction of $250,021.20. Following the completion of the transaction, the director now directly owns 22,029 shares of the company’s stock, valued at $4,172,512.89. This represents a 5.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.61% 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.