2 weeks Ago By ABMN Staff
Federated Hermes Inc. reduced its stake in AMETEK, Inc. ( NYSE:AME – Free Report ) by 21.
8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 939 shares of the technology company’s stock after selling 262 shares during the period. Federated Hermes Inc.
’s holdings in AMETEK were worth $169,000 at the end of the most recent quarter. Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of AMETEK in the fourth quarter valued at about $697,080,000.
American Century Companies Inc. increased its holdings in shares of AMETEK by 240.3% during the fourth quarter.
American Century Companies Inc. now owns 1,125,068 shares of the technology company’s stock worth $202,805,000 after purchasing an additional 794,473 shares during the period. Principal Financial Group Inc.
raised its position in shares of AMETEK by 72.0% in the third quarter. Principal Financial Group Inc.
now owns 1,680,309 shares of the technology company’s stock valued at $288,526,000 after buying an additional 703,501 shares in the last quarter. Bryn Mawr Capital Management LLC boosted its stake in shares of AMETEK by 10,506.5% in the fourth quarter.
Bryn Mawr Capital Management LLC now owns 476,442 shares of the technology company’s stock valued at $812,000 after buying an additional 471,950 shares during the period. Finally, Assenagon Asset Management S.A.
increased its stake in AMETEK by 434.5% during the 4th quarter. Assenagon Asset Management S.
A. now owns 541,517 shares of the technology company’s stock worth $97,614,000 after acquiring an additional 440,197 shares during the period. Institutional investors and hedge funds own 87.
43% of the company’s stock. Insider Activity at AMETEK In other news, Director Steven W. Kohlhagen sold 1,320 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd.
The stock was sold at an average price of $189.41, for a total value of $250,021.20.
Following the transaction, the director now owns 22,029 shares in the company, valued at $4,172,512.89. This trade represents a 5.
65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink . Also, Director Thomas A.
Amato sold 710 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $176.64, for a total transaction of $125,414.
40. Following the completion of the sale, the director now owns 10,560 shares of the company’s stock, valued at approximately $1,865,318.40.
This represents a 6.30 % decrease in their position. The disclosure for this sale can be found here .
0.57% of the stock is currently owned by corporate insiders. AMETEK Stock Down 0.
5 % AMETEK ( NYSE:AME – Get Free Report ) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.
85 by $0.02. The business had revenue of $1.
76 billion for the quarter, compared to analysts’ expectations of $1.82 billion. AMETEK had a return on equity of 16.
94% and a net margin of 19.83%. The firm’s revenue was up 1.
8% on a year-over-year basis. During the same period in the prior year, the business posted $1.68 earnings per share.
On average, research analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current year.
AMETEK announced that its Board of Directors has initiated a stock buyback program on Friday, February 7th that authorizes the company to buyback $1.25 billion in shares. This buyback authorization authorizes the technology company to buy up to 2.
9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued. AMETEK Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st.
Stockholders of record on Friday, March 14th were given a dividend of $0.31 per share. This represents a $1.
24 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, March 14th.
This is a boost from AMETEK’s previous quarterly dividend of $0.28. AMETEK’s dividend payout ratio is 20.
91%. Analyst Upgrades and Downgrades A number of research analysts recently commented on the company. Truist Financial cut their price objective on shares of AMETEK from $216.
00 to $196.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. BNP Paribas raised shares of AMETEK from a “neutral” rating to an “outperform” rating and set a $210.
00 price target for the company in a report on Thursday, January 16th. Robert W. Baird decreased their price objective 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. Morgan Stanley started coverage on AMETEK in a research note on Monday, April 14th.
They set an “equal weight” rating and a $170.00 target price for the company. Finally, StockNews.
com lowered AMETEK from a “buy” rating to a “hold” rating in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $198.
60. View Our Latest Stock Analysis on AMETEK About AMETEK ( Free Report ) 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.
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