Mountain Pacific Investment Advisers LLC Reduces Stock Position in AMETEK, Inc. (NYSE:AME)

Mountain Pacific Investment Advisers LLC reduced its position in shares of AMETEK, Inc. (NYSE:AME) by 1.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 369,522 shares of the technology company’s stock after selling 4,047 shares during the quarter. AMETEK accounts for approximately 4.7% of Mountain Pacific Investment Advisers LLC’s investment portfolio, making the stock its 3rd largest position. Mountain Pacific Investment Advisers LLC’s holdings in AMETEK were worth $66,610,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its position in shares of AMETEK by 3,116.7% during the 4th quarter. Versant Capital Management Inc now owns 193 shares of the technology company’s stock valued at $35,000 after purchasing an additional 187 shares in the last quarter. Itau Unibanco Holding S.A. lifted its stake in AMETEK by 62.6% during the third quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company’s stock valued at $34,000 after purchasing an additional 77 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in AMETEK by 1,176.5% during the fourth quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company’s stock worth $39,000 after buying an additional 200 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in AMETEK in the third quarter worth approximately $44,000. Finally, Anchor Investment Management LLC increased its holdings in shares of AMETEK by 366.1% in the third quarter. Anchor Investment Management LLC now owns 261 shares of the technology company’s stock valued at $45,000 after buying an additional 205 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AME has been the topic of a number of recent research reports. Truist Financial lifted their target price on AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. BNP Paribas upgraded AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 price objective on the stock in a report on Thursday, January 16th. StockNews.com cut shares of AMETEK from a “buy” rating to a “hold” rating in a report on Friday. KeyCorp lifted their target price on shares of AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, Bank of America raised shares of AMETEK from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $195.00 to $225.00 in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $203.44.

AMETEK Trading Down 0.1 %

Shares of AMETEK stock opened at $180.74 on Tuesday. AMETEK, Inc. has a 1 year low of $149.03 and a 1 year high of $198.33. The company’s fifty day simple moving average is $187.17 and its 200-day simple moving average is $175.25. The company has a market cap of $41.81 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 2.51 and a beta of 1.16. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18.

AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. AMETEK had a net margin of 19.27% and a return on equity of 16.88%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.64 EPS. As a group, sell-side analysts expect that AMETEK, Inc. will post 6.8 EPS for the current year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.28 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 0.62%. AMETEK’s dividend payout ratio (DPR) is 19.51%.

Insiders Place Their Bets

In other news, insider Emanuela Speranza sold 6,747 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $195.90, for a total value of $1,321,737.30. Following the sale, the insider now owns 30,460 shares in the company, valued at approximately $5,967,114. The trade was a 18.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David F. Hermance sold 6,243 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $190.99, for a total transaction of $1,192,350.57. Following the sale, the insider now owns 36,731 shares of the company’s stock, valued at $7,015,253.69. This trade represents a 14.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,200 shares of company stock worth $5,707,620. 0.61% of the stock is currently owned by company insiders.

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.