2,919 Shares in AMETEK, Inc. (NYSE:AME) Acquired by Magnetar Financial LLC

Magnetar Financial LLC bought a new stake in shares of AMETEK, Inc. (NYSE:AME) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,919 shares of the technology company’s stock, valued at approximately $534,000.

Several other hedge funds also recently modified their holdings of AME. Vanguard Group Inc. lifted its holdings in AMETEK by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 25,578,270 shares of the technology company’s stock valued at $4,217,601,000 after buying an additional 84,832 shares during the period. JPMorgan Chase & Co. raised its position in shares of AMETEK by 48.4% during the 1st quarter. JPMorgan Chase & Co. now owns 7,075,565 shares of the technology company’s stock valued at $1,294,121,000 after acquiring an additional 2,306,535 shares during the last quarter. Capital International Investors lifted its stake in shares of AMETEK by 5.0% in the 4th quarter. Capital International Investors now owns 4,196,755 shares of the technology company’s stock valued at $692,051,000 after purchasing an additional 198,777 shares during the period. Norges Bank bought a new position in shares of AMETEK in the 4th quarter worth $589,098,000. Finally, Flossbach Von Storch AG grew its stake in shares of AMETEK by 3.4% during the first quarter. Flossbach Von Storch AG now owns 2,673,507 shares of the technology company’s stock worth $488,984,000 after purchasing an additional 87,477 shares during the period. Institutional investors own 87.43% of the company’s stock.

Insider Buying and Selling at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,470 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $170.20, for a total value of $250,194.00. Following the sale, the director now directly owns 26,249 shares of the company’s stock, valued at $4,467,579.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other AMETEK news, Director Steven W. Kohlhagen sold 1,470 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 26,249 shares in the company, valued at approximately $4,467,579.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven W. Kohlhagen sold 1,440 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $173.93, for a total value of $250,459.20. Following the completion of the transaction, the director now owns 24,809 shares in the company, valued at $4,315,029.37. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

AMETEK Stock Performance

Shares of AMETEK stock traded up $0.17 during trading on Monday, hitting $172.44. 16,920 shares of the stock were exchanged, compared to its average volume of 1,044,915. AMETEK, Inc. has a 1-year low of $136.89 and a 1-year high of $186.32. The stock has a market capitalization of $39.91 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 2.77 and a beta of 1.18. The company has a fifty day moving average price of $169.46 and a 200-day moving average price of $172.55. The company has a current ratio of 1.11, a quick ratio of 0.66 and a debt-to-equity ratio of 0.21.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.05. AMETEK had a return on equity of 17.74% and a net margin of 19.57%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the firm posted $1.49 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities analysts predict that AMETEK, Inc. will post 6.81 EPS for the current fiscal year.

AMETEK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Friday, June 14th. AMETEK’s dividend payout ratio (DPR) is presently 19.68%.

Analyst Ratings Changes

AME has been the topic of several analyst reports. Oppenheimer raised AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 target price on the stock in a research note on Wednesday, May 22nd. StockNews.com downgraded AMETEK from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Robert W. Baird cut their target price 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, Truist Financial decreased their price target on shares of AMETEK from $210.00 to $204.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, AMETEK currently has an average rating of “Moderate Buy” and an average target price of $181.20.

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.