38,329 Shares in AMETEK, Inc. (NYSE:AME) Purchased by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new stake in AMETEK, Inc. (NYSE:AME) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 38,329 shares of the technology company’s stock, valued at approximately $6,928,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in AMETEK by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 26,147,772 shares of the technology company’s stock worth $4,713,397,000 after acquiring an additional 282,208 shares during the period. FMR LLC boosted its stake in shares of AMETEK by 1.1% during the fourth quarter. FMR LLC now owns 8,956,329 shares of the technology company’s stock valued at $1,614,468,000 after purchasing an additional 98,546 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of AMETEK by 3.7% during the third quarter. JPMorgan Chase & Co. now owns 6,985,350 shares of the technology company’s stock valued at $1,199,454,000 after acquiring an additional 250,538 shares during the last quarter. Capital World Investors increased its stake in shares of AMETEK by 70.0% in the fourth quarter. Capital World Investors now owns 5,760,017 shares of the technology company’s stock valued at $1,038,301,000 after buying an additional 2,371,062 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of AMETEK by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 5,526,369 shares of the technology company’s stock valued at $993,546,000 after buying an additional 124,713 shares during the period. Institutional investors own 87.43% of the company’s stock.

Wall Street Analysts Forecast Growth

AME has been the topic of a number of recent analyst reports. Robert W. Baird dropped their price objective on AMETEK from $197.00 to $190.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Morgan Stanley assumed coverage on shares of AMETEK in a report on Monday, April 14th. They issued an “equal weight” rating and a $170.00 target price on the stock. BNP Paribas upgraded 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. Royal Bank of Canada lifted their price target on AMETEK from $194.00 to $201.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Finally, Truist Financial lifted their price objective on shares of AMETEK from $196.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $196.90.

AMETEK Price Performance

Shares of NYSE:AME opened at $180.12 on Friday. 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 firm’s 50 day simple moving average is $168.25 and its two-hundred day simple moving average is $179.74. The company has a market capitalization of $41.59 billion, a P/E ratio of 30.37, a P/E/G ratio of 2.73 and a beta of 1.12. AMETEK, Inc. has a 1-year low of $145.02 and a 1-year high of $198.33.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.06. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.74 billion. AMETEK had a return on equity of 16.94% and a net margin of 19.83%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.64 EPS. Research analysts expect that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.31 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.24 dividend on an annualized basis and a yield of 0.69%. AMETEK’s payout ratio is currently 20.29%.

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

Insider Transactions at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,320 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $189.41, for a total transaction of $250,021.20. Following the sale, the director now directly owns 22,029 shares in the company, valued at approximately $4,172,512.89. This represents a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas A. Amato sold 710 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $176.64, for a total transaction of $125,414.40. Following the transaction, the director now owns 10,560 shares of the company’s stock, valued at approximately $1,865,318.40. The trade was a 6.30% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.57% 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.