Compagnie Lombard Odier SCmA Takes Position in AMETEK, Inc. (NYSE:AME)

Compagnie Lombard Odier SCmA acquired a new position in shares of AMETEK, Inc. (NYSE:AME) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 658,284 shares of the technology company’s stock, valued at approximately $113,317,000. AMETEK accounts for 1.4% of Compagnie Lombard Odier SCmA’s portfolio, making the stock its 18th biggest position. Compagnie Lombard Odier SCmA owned approximately 0.29% of AMETEK at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. National Bank of Canada FI lifted its holdings in shares of AMETEK by 17.4% in the 4th quarter. National Bank of Canada FI now owns 142,093 shares of the technology company’s stock worth $25,616,000 after purchasing an additional 21,009 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 during the period. Fox Run Management L.L.C. lifted its position in 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in AMETEK by 7.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,512,437 shares of the technology company’s stock valued at $272,632,000 after purchasing an additional 107,303 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in AMETEK by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,331,567 shares of the technology company’s stock worth $240,028,000 after purchasing an additional 39,918 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AME shares. Robert W. Baird reduced their price objective on AMETEK from $197.00 to $190.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Mizuho set a $212.00 price target on AMETEK in a research note on Friday, May 16th. Truist Financial lifted their price objective on shares of AMETEK from $196.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Royal Bank of Canada upped their price objective on shares of AMETEK from $194.00 to $201.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Finally, Wall Street Zen raised shares of AMETEK from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, AMETEK currently has a consensus rating of “Moderate Buy” and an average price target of $197.89.

AMETEK Trading Up 0.5%

Shares of NYSE AME opened at $180.82 on Thursday. The business has a fifty day simple moving average of $170.28 and a 200-day simple moving average of $178.57. The company has a market cap of $41.75 billion, a price-to-earnings ratio of 30.49, a P/E/G ratio of 2.73 and a beta of 1.10. AMETEK, Inc. has a 12 month low of $145.02 and a 12 month high of $198.33. 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 (NYSE:AME) last announced its earnings results 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. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the business earned $1.64 EPS. The company’s revenue was down .2% on a year-over-year basis. Sell-side analysts predict that AMETEK, Inc. will post 7.15 EPS for the current year.

AMETEK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Friday, June 13th. AMETEK’s dividend payout ratio (DPR) is presently 20.29%.

Insider Buying and Selling

In other AMETEK news, Director Thomas A. Amato sold 710 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $176.64, for a total value of $125,414.40. Following the transaction, the director now directly owns 10,560 shares of the company’s stock, valued at $1,865,318.40. This represents a 6.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.57% of the stock is owned by corporate 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.