Flossbach Von Storch SE Has $671.35 Million Stake in AMETEK, Inc. (NYSE:AME)

Flossbach Von Storch SE lifted its stake in AMETEK, Inc. (NYSE:AME) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,724,352 shares of the technology company’s stock after acquiring an additional 91,287 shares during the quarter. AMETEK makes up approximately 2.7% of Flossbach Von Storch SE’s investment portfolio, making the stock its 17th largest position. Flossbach Von Storch SE owned approximately 1.61% of AMETEK worth $671,352,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Oddo BHF Asset Management Sas acquired a new stake in shares of AMETEK in the third quarter valued at approximately $3,724,000. Everence Capital Management Inc. acquired a new position in AMETEK in the fourth quarter valued at $999,000. Czech National Bank raised its holdings in shares of AMETEK by 6.3% during the fourth quarter. Czech National Bank now owns 50,153 shares of the technology company’s stock valued at $9,041,000 after purchasing an additional 2,987 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of AMETEK by 23.2% during the third quarter. BNP Paribas Financial Markets now owns 355,828 shares of the technology company’s stock valued at $61,099,000 after purchasing an additional 67,025 shares during the period. Finally, Taurus Asset Management LLC increased its position in shares of AMETEK by 2.9% during the third 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. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AME has been the subject of a number of recent analyst reports. Mizuho upped their price objective on shares of AMETEK from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. StockNews.com upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Robert W. Baird lowered their target price 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 increased their price target for the stock from $195.00 to $225.00 in a report on Monday, December 16th. Finally, Truist Financial increased 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $204.67.

AMETEK Trading Up 2.4 %

NYSE AME opened at $188.82 on Thursday. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 0.15. The stock has a market cap of $43.68 billion, a PE ratio of 31.84, a PEG ratio of 2.69 and a beta of 1.16. The company’s 50-day moving average price is $182.97 and its 200-day moving average price is $177.69. AMETEK, Inc. has a 12 month low of $149.03 and a 12 month high of $198.33.

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

AMETEK Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.31 per share. This is a positive change from AMETEK’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, March 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.66%. AMETEK’s dividend payout ratio is presently 18.89%.

AMETEK declared that its board has initiated a stock repurchase program on Friday, February 7th that permits the company to buyback $1.25 billion in shares. This buyback authorization permits the technology company to reacquire up to 2.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at AMETEK

In other AMETEK news, insider Tony J. Ciampitti sold 16,210 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $197.01, for a total value of $3,193,532.10. Following the transaction, the insider now directly owns 49,490 shares in the company, valued at $9,750,024.90. This represents a 24.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Emanuela Speranza sold 6,747 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $195.90, for a total transaction of $1,321,737.30. Following the transaction, the insider now owns 30,460 shares in the company, valued at approximately $5,967,114. This trade represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.