Mn Services Vermogensbeheer B.V. Grows Stock Position in AMETEK, Inc. (NYSE:AME)

Mn Services Vermogensbeheer B.V. boosted its stake in AMETEK, Inc. (NYSE:AME) by 1.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 90,000 shares of the technology company’s stock after acquiring an additional 1,500 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in AMETEK were worth $16,223,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Oddo BHF Asset Management Sas acquired a new position in AMETEK in the 3rd quarter valued at about $3,724,000. Everence Capital Management Inc. purchased a new stake in shares of AMETEK during the fourth quarter worth approximately $999,000. Czech National Bank lifted its stake in AMETEK by 6.3% in the fourth quarter. Czech National Bank now owns 50,153 shares of the technology company’s stock worth $9,041,000 after acquiring an additional 2,987 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in AMETEK by 23.2% in the third quarter. BNP Paribas Financial Markets now owns 355,828 shares of the technology company’s stock valued at $61,099,000 after buying an additional 67,025 shares during the last quarter. Finally, Taurus Asset Management LLC raised its position in shares of AMETEK by 2.9% during the 3rd quarter. Taurus Asset Management LLC now owns 115,033 shares of the technology company’s stock worth $19,752,000 after acquiring an additional 3,210 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Trading Down 0.5 %

NYSE AME opened at $187.27 on Friday. The company has a market cap of $43.32 billion, a P/E ratio of 31.58, a P/E/G ratio of 2.73 and a beta of 1.16. AMETEK, Inc. has a 12 month low of $149.03 and a 12 month high of $198.33. 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 company has a 50-day moving average of $183.13 and a 200-day moving average of $178.87.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.02. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.82 billion. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.68 EPS. As a group, equities analysts predict that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from AMETEK’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 0.66%. AMETEK’s dividend payout ratio (DPR) is 18.89%.

AMETEK declared that its Board of Directors has approved a share repurchase program on Friday, February 7th that permits the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization permits the technology company to buy up to 2.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have recently issued reports on AME. Truist Financial upped their target price on shares of AMETEK from $221.00 to $222.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Robert W. Baird lowered their price objective on shares of AMETEK from $200.00 to $197.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. StockNews.com raised shares of AMETEK from a “hold” rating to a “buy” rating in a report on Friday, February 21st. BNP Paribas raised AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 target price on the stock in a report on Thursday, January 16th. Finally, KeyCorp increased their price target on shares of AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AMETEK currently has an average rating of “Moderate Buy” and an average target price of $204.67.

About AMETEK

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.