Deutsche Bank AG Has $246.09 Million Stock Holdings in AMETEK, Inc. (NYSE:AME)

Deutsche Bank AG decreased its stake in shares of AMETEK, Inc. (NYSE:AME) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,365,165 shares of the technology company’s stock after selling 50,574 shares during the quarter. Deutsche Bank AG owned about 0.59% of AMETEK worth $246,085,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AME. Banque Transatlantique SA bought a new position in shares of AMETEK in the fourth quarter valued at $37,000. AdvisorNet Financial Inc grew its position in shares of AMETEK by 1,176.5% in the 4th quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company’s stock valued at $39,000 after acquiring an additional 200 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of AMETEK by 42.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company’s stock worth $42,000 after purchasing an additional 70 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of AMETEK during the 4th quarter worth about $43,000. Finally, Quent Capital LLC lifted its stake in AMETEK by 60.9% in the 4th quarter. Quent Capital LLC now owns 251 shares of the technology company’s stock valued at $45,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.

AMETEK Price Performance

Shares of AME opened at $171.57 on Friday. The stock has a market cap of $39.61 billion, a P/E ratio of 28.93, a P/E/G ratio of 2.73 and a beta of 1.12. The business’s fifty day moving average is $168.74 and its 200 day moving average is $179.36. The company has a quick ratio of 0.75, a current ratio of 1.24 and a debt-to-equity ratio of 0.15. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month high of $198.33.

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

AMETEK Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.72%. AMETEK’s payout ratio is 20.29%.

AMETEK declared that its board has initiated a stock repurchase plan on Friday, February 7th that allows the company to repurchase $1.25 billion in shares. This repurchase authorization allows the technology company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Truist Financial upped their price objective on AMETEK from $196.00 to $200.00 and gave the company a “buy” rating in a research note on Monday. BNP Paribas upgraded AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 price target on the stock in a research note on Thursday, January 16th. StockNews.com lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Friday, April 11th. Royal Bank of Canada raised their target price on shares of AMETEK from $194.00 to $201.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Finally, Robert W. Baird decreased their price target on shares of AMETEK from $197.00 to $190.00 and set a “neutral” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, AMETEK has an average rating of “Moderate Buy” and an average target price of $196.90.

Insider Activity at AMETEK

In related news, Director Steven W. Kohlhagen sold 1,320 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $189.41, for a total transaction of $250,021.20. Following the transaction, the director now directly owns 22,029 shares in the company, valued at approximately $4,172,512.89. The trade was a 5.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $125,414.40. Following the completion of the sale, the director now 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 position. The disclosure for this sale can be found here. 0.57% of the stock is owned by 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.