Strategic Wealth Partners Ltd. Has $289,000 Holdings in AMETEK, Inc. (NYSE:AME)

Strategic Wealth Partners Ltd. lessened its position in shares of AMETEK, Inc. (NYSE:AME) by 19.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,566 shares of the technology company’s stock after selling 381 shares during the period. Strategic Wealth Partners Ltd.’s holdings in AMETEK were worth $289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Banque Transatlantique SA bought a new position in shares of AMETEK in the 4th quarter worth about $37,000. Geneos Wealth Management Inc. lifted its stake in AMETEK by 42.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company’s stock valued at $42,000 after buying an additional 70 shares during the period. OFI Invest Asset Management bought a new position in shares of AMETEK during the 4th quarter worth approximately $43,000. Minot DeBlois Advisors LLC acquired a new stake in shares of AMETEK during the 4th quarter worth approximately $43,000. Finally, Quent Capital LLC grew its position in shares of AMETEK by 60.9% during the 4th quarter. Quent Capital LLC now owns 251 shares of the technology company’s stock worth $45,000 after buying an additional 95 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on AME. Mizuho set a $212.00 target price on shares of AMETEK in a research report on Friday. Royal Bank of Canada upped 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. StockNews.com upgraded AMETEK from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Truist Financial boosted their target price on AMETEK from $196.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Finally, Morgan Stanley assumed coverage on AMETEK in a report on Monday, April 14th. They issued an “equal weight” rating and a $170.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $198.10.

AMETEK Price Performance

Shares of NYSE AME opened at $181.77 on Tuesday. The stock has a market cap of $41.97 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 2.73 and a beta of 1.12. 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 fifty-two week low of $145.02 and a fifty-two week high of $198.33. The firm’s 50-day simple moving average is $168.41 and its 200 day simple 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 anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

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

AMETEK declared that its board has authorized a stock buyback plan on Friday, February 7th that authorizes the company to buyback $1.25 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Thomas A. Amato sold 710 shares of the business’s stock in a transaction that occurred on 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 owns 10,560 shares in the company, valued at $1,865,318.40. The trade was a 6.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven W. Kohlhagen sold 1,320 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $189.41, for a total value of $250,021.20. Following the completion of the transaction, the director now directly owns 22,029 shares of the company’s stock, valued at approximately $4,172,512.89. This represents a 5.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

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.