Fenimore Asset Management Inc Has $49.19 Million Stock Position in AMETEK, Inc. (NYSE:AME)

Fenimore Asset Management Inc lifted its position in shares of AMETEK, Inc. (NYSE:AME) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 272,869 shares of the technology company’s stock after acquiring an additional 993 shares during the quarter. Fenimore Asset Management Inc owned approximately 0.12% of AMETEK worth $49,187,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Geneos Wealth Management Inc. lifted 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 valued at $42,000 after purchasing an additional 70 shares during the period. LexAurum Advisors LLC grew its position in shares of AMETEK by 6.1% during the 4th quarter. LexAurum Advisors LLC now owns 2,773 shares of the technology company’s stock worth $500,000 after buying an additional 160 shares during the period. Inspire Investing LLC raised its stake in shares of AMETEK by 4.9% during the fourth quarter. Inspire Investing LLC now owns 7,192 shares of the technology company’s stock worth $1,296,000 after buying an additional 338 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in AMETEK by 0.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 80,453 shares of the technology company’s stock valued at $14,502,000 after buying an additional 679 shares during the period. Finally, Mirabaud & Cie SA boosted its stake in AMETEK by 35.0% in the fourth quarter. Mirabaud & Cie SA now owns 14,375 shares of the technology company’s stock valued at $2,591,000 after acquiring an additional 3,725 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Stock Performance

Shares of AME opened at $187.91 on Friday. The firm has a market cap of $43.47 billion, a P/E ratio of 32.74, a PEG ratio of 2.73 and a beta of 1.16. AMETEK, Inc. has a twelve month low of $149.03 and a twelve month high of $198.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.39. The firm’s 50 day moving average price is $186.47 and its two-hundred day moving average price is $175.84.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.64 EPS. On average, analysts forecast that AMETEK, Inc. will post 6.8 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Friday, December 6th. AMETEK’s dividend payout ratio is presently 19.51%.

Analyst Ratings Changes

Several analysts have commented on the stock. StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. BNP Paribas upgraded AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 price objective for the company in a report on Thursday, January 16th. Robert W. Baird raised their target price on AMETEK from $166.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Truist Financial upped their price target on AMETEK from $221.00 to $222.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, Bank of America raised shares of AMETEK from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $195.00 to $225.00 in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $203.44.

Insider Activity at AMETEK

In other news, insider Emanuela Speranza sold 6,747 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total transaction of $1,321,737.30. Following the completion of the transaction, the insider now directly owns 30,460 shares in the company, valued at $5,967,114. This represents a 18.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David F. Hermance sold 6,243 shares of AMETEK stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $190.99, for a total value of $1,192,350.57. Following the completion of the sale, the insider now directly owns 36,731 shares in the company, valued at approximately $7,015,253.69. This represents a 14.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,200 shares of company stock valued at $5,707,620. 0.61% of the stock is owned by insiders.

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.