Vontobel Holding Ltd. Reduces Holdings in AMETEK, Inc. (NYSE:AME)

Vontobel Holding Ltd. trimmed its stake in AMETEK, Inc. (NYSE:AME) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,886 shares of the technology company’s stock after selling 298 shares during the period. Vontobel Holding Ltd.’s holdings in AMETEK were worth $1,465,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AME. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of AMETEK in the 4th quarter worth about $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in AMETEK during the 4th quarter valued at about $26,000. Bruce G. Allen Investments LLC purchased a new position in AMETEK during the 4th quarter valued at about $28,000. Covestor Ltd lifted its position in AMETEK by 84.3% during the 1st quarter. Covestor Ltd now owns 212 shares of the technology company’s stock valued at $28,000 after acquiring an additional 97 shares during the period. Finally, Resurgent Financial Advisors LLC purchased a new position in AMETEK during the 4th quarter valued at about $28,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

AMETEK Stock Up 0.3 %

NYSE:AME opened at $177.77 on Friday. The firm has a 50-day simple moving average of $179.45 and a two-hundred day simple moving average of $164.34. AMETEK, Inc. has a fifty-two week low of $133.12 and a fifty-two week high of $186.32. The firm has a market cap of $41.10 billion, a P/E ratio of 31.35, a P/E/G ratio of 2.84 and a beta of 1.22. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.59 and a current ratio of 0.98.

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

AMETEK Increases Dividend

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

Analyst Ratings Changes

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

Insider Transactions at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,400 shares of AMETEK stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $180.59, for a total value of $252,826.00. Following the completion of the sale, the director now directly owns 28,054 shares in the company, valued at $5,066,271.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Thomas A. Amato sold 780 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $182.00, for a total transaction of $141,960.00. Following the completion of the sale, the director now directly owns 10,240 shares in the company, valued at $1,863,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven W. Kohlhagen sold 1,400 shares of the business’s stock in a transaction that occurred on 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 $5,066,271.86. The disclosure for this sale can be found here. Insiders sold 59,881 shares of company stock worth $10,689,758 over the last three months. 0.61% of the stock is currently owned by company 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.