Two Sigma Advisers LP Has $56.58 Million Holdings in AMETEK, Inc. (NYSE:AME)

Two Sigma Advisers LP grew its position in shares of AMETEK, Inc. (NYSE:AME) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 313,900 shares of the technology company’s stock after purchasing an additional 6,400 shares during the quarter. Two Sigma Advisers LP owned about 0.14% of AMETEK worth $56,584,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AME. National Bank of Canada FI raised its stake in AMETEK by 17.4% during the fourth quarter. National Bank of Canada FI now owns 142,093 shares of the technology company’s stock worth $25,616,000 after buying an additional 21,009 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of AMETEK by 16.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 88,898 shares of the technology company’s stock worth $16,025,000 after acquiring an additional 12,584 shares in the last quarter. Fox Run Management L.L.C. lifted its stake in shares of AMETEK by 74.1% in the 4th quarter. Fox Run Management L.L.C. now owns 8,418 shares of the technology company’s stock valued at $1,517,000 after purchasing an additional 3,584 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of AMETEK by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,331,567 shares of the technology company’s stock valued at $240,028,000 after purchasing an additional 39,918 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in AMETEK by 1.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 199,631 shares of the technology company’s stock worth $35,986,000 after purchasing an additional 2,868 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AME. StockNews.com raised AMETEK from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Mizuho set a $212.00 target price on shares of AMETEK in a research report on Friday. Truist Financial increased their target price on shares of AMETEK from $196.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Robert W. Baird decreased their price target on shares of AMETEK from $197.00 to $190.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Finally, Morgan Stanley initiated coverage on shares of AMETEK in a research report on Monday, April 14th. They set an “equal weight” rating and a $170.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $198.10.

AMETEK Trading Down 0.5%

AME opened at $181.77 on Tuesday. AMETEK, Inc. has a fifty-two week low of $145.02 and a fifty-two week high of $198.33. The firm has a market capitalization of $41.97 billion, a PE ratio of 30.65, a P/E/G ratio of 2.73 and a beta of 1.12. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.24 and a quick ratio of 0.75. The company’s 50-day moving average is $168.41 and its 200 day moving average is $179.92.

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

AMETEK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Friday, June 13th. AMETEK’s dividend payout ratio is 20.29%.

AMETEK declared that its board has authorized a stock buyback program on Friday, February 7th that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the technology company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Transactions at AMETEK

In other news, Director Steven W. Kohlhagen sold 1,320 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $189.41, for a total value of $250,021.20. Following the transaction, the director now owns 22,029 shares in the company, valued at $4,172,512.89. The trade was a 5.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas A. Amato sold 710 shares of the company’s stock in a transaction that occurred on 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 represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

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.