Sumitomo Mitsui Trust Holdings Inc. Has $90.14 Million Stock Holdings in AMETEK, Inc. (NYSE:AME)

Sumitomo Mitsui Trust Holdings Inc. cut its holdings in AMETEK, Inc. (NYSE:AME) by 0.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 546,674 shares of the technology company’s stock after selling 3,005 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in AMETEK were worth $90,141,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in AME. Giverny Capital Inc. lifted its stake in shares of AMETEK by 0.5% in the third quarter. Giverny Capital Inc. now owns 897,056 shares of the technology company’s stock worth $132,549,000 after buying an additional 4,556 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of AMETEK by 11.6% in the third quarter. Kestra Private Wealth Services LLC now owns 3,637 shares of the technology company’s stock worth $537,000 after buying an additional 378 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of AMETEK by 161.0% in the fourth quarter. Pacer Advisors Inc. now owns 44,684 shares of the technology company’s stock worth $7,368,000 after buying an additional 27,562 shares during the last quarter. Whittier Trust Co. raised its stake in AMETEK by 9.0% during the 3rd quarter. Whittier Trust Co. now owns 3,117 shares of the technology company’s stock valued at $461,000 after purchasing an additional 258 shares during the last quarter. Finally, PFG Advisors raised its stake in AMETEK by 208.1% during the 4th quarter. PFG Advisors now owns 21,376 shares of the technology company’s stock valued at $3,525,000 after purchasing an additional 14,439 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AMETEK

In other news, Director Thomas A. Amato sold 780 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $182.00, for a total value of $141,960.00. Following the sale, the director now owns 10,240 shares of the company’s stock, valued at approximately $1,863,680. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other AMETEK news, Director Steven W. Kohlhagen sold 1,400 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $180.59, for a total transaction of $252,826.00. Following the sale, the director now owns 28,054 shares of the company’s stock, valued at approximately $5,066,271.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas A. Amato sold 780 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $182.00, for a total transaction of $141,960.00. Following the sale, the director now directly owns 10,240 shares in the company, valued at approximately $1,863,680. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,881 shares of company stock valued at $10,689,758. 0.61% of the stock is owned by insiders.

AMETEK Trading Down 0.6 %

Shares of AMETEK stock opened at $178.05 on Thursday. The firm has a market capitalization of $41.17 billion, a PE ratio of 31.40, a price-to-earnings-growth ratio of 2.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.98 and a quick ratio of 0.59. The company’s fifty day moving average price is $179.04 and its two-hundred day moving average price is $164.04. AMETEK, Inc. has a 52-week low of $133.12 and a 52-week high of $186.32.

AMETEK (NYSE:AME) last posted its earnings results on Tuesday, February 6th. The technology company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.06. AMETEK had a net margin of 19.91% and a return on equity of 17.96%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the firm earned $1.52 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, analysts expect that AMETEK, Inc. will post 6.82 EPS for the current year.

AMETEK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a $0.28 dividend. This is a positive change from AMETEK’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, March 7th. This represents a $1.12 annualized dividend and a dividend yield of 0.63%. AMETEK’s dividend payout ratio is presently 19.75%.

Analyst Upgrades and Downgrades

AME has been the subject of several research analyst reports. KeyCorp upped their target price on shares of AMETEK from $182.00 to $205.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. Royal Bank of Canada cut their target price on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Finally, Truist Financial initiated coverage on shares of AMETEK in a research note on Thursday, March 14th. They set a “buy” rating and a $210.00 target price for the company. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $180.78.

AMETEK Company 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.