UMB Bank n.a. Raises Position in AMETEK, Inc. (NYSE:AME)

UMB Bank n.a. increased its stake in AMETEK, Inc. (NYSE:AME) by 19.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 552 shares of the technology company’s stock after purchasing an additional 91 shares during the period. UMB Bank n.a.’s holdings in AMETEK were worth $95,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of AMETEK by 1.1% in the fourth 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 increased its stake in AMETEK by 1.1% during the 4th quarter. FMR LLC now owns 8,956,329 shares of the technology company’s stock worth $1,614,468,000 after buying an additional 98,546 shares in the last quarter. Capital World Investors raised its stake in AMETEK by 70.0% in the 4th quarter. Capital World Investors now owns 5,760,017 shares of the technology company’s stock valued at $1,038,301,000 after purchasing an additional 2,371,062 shares during the last quarter. Geode Capital Management LLC raised its position 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 last quarter. Finally, Bank of New York Mellon Corp raised its holdings in AMETEK by 2.3% in the 4th quarter. Bank of New York Mellon Corp now owns 4,415,508 shares of the technology company’s stock valued at $795,939,000 after acquiring an additional 99,505 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AMETEK news, 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 value of $125,414.40. Following the completion of the transaction, the director now directly owns 10,560 shares of the company’s stock, valued at approximately $1,865,318.40. This trade represents a 6.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on AME shares. Truist Financial lifted their price target on AMETEK from $196.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Morgan Stanley assumed coverage on AMETEK in a research report on Monday, April 14th. They set an “equal weight” rating and a $170.00 price target for the company. Wall Street Zen upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Mizuho set a $212.00 price target on AMETEK in a report on Friday, May 16th. Finally, Royal Bank of Canada raised their price objective on shares of AMETEK from $194.00 to $201.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, AMETEK has a consensus rating of “Moderate Buy” and an average price target of $197.89.

AMETEK Price Performance

Shares of NYSE:AME opened at $179.75 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.75 and a current ratio of 1.24. AMETEK, Inc. has a one year low of $145.02 and a one year high of $198.33. The company has a 50-day simple moving average of $170.81 and a 200-day simple moving average of $178.45. The stock has a market capitalization of $41.50 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 2.73 and a beta of 1.10.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.06. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.74 billion. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. AMETEK’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.64 EPS. On average, analysts predict that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Announces Dividend

The firm also recently announced 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. This represents a $1.24 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Friday, June 13th. AMETEK’s dividend payout ratio (DPR) is currently 20.29%.

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.