AMETEK, Inc. (NYSE:AME) Shares Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC grew its position in AMETEK, Inc. (NYSE:AME) by 35.3% in the first quarter, HoldingsChannel reports. The fund owned 388,132 shares of the technology company’s stock after acquiring an additional 101,167 shares during the quarter. Acadian Asset Management LLC’s holdings in AMETEK were worth $70,975,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its position in shares of AMETEK by 6.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,040 shares of the technology company’s stock worth $191,000 after acquiring an additional 64 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of AMETEK by 1.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,477 shares of the technology company’s stock worth $636,000 after acquiring an additional 64 shares during the period. M&T Bank Corp raised its position in shares of AMETEK by 0.5% in the fourth quarter. M&T Bank Corp now owns 15,442 shares of the technology company’s stock worth $2,547,000 after acquiring an additional 73 shares during the period. Avantax Advisory Services Inc. raised its position in shares of AMETEK by 4.4% in the first quarter. Avantax Advisory Services Inc. now owns 1,723 shares of the technology company’s stock worth $315,000 after acquiring an additional 73 shares during the period. Finally, Edmond DE Rothschild Holding S.A. raised its position in shares of AMETEK by 9.3% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 872 shares of the technology company’s stock worth $159,000 after acquiring an additional 74 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Price Performance

AME stock traded down $2.57 during mid-day trading on Friday, reaching $169.16. The company’s stock had a trading volume of 886,993 shares, compared to its average volume of 1,057,747. The stock has a market cap of $39.16 billion, a PE ratio of 29.73, a P/E/G ratio of 2.72 and a beta of 1.18. The company has a current ratio of 1.11, a quick ratio of 0.66 and a debt-to-equity ratio of 0.21. AMETEK, Inc. has a fifty-two week low of $136.89 and a fifty-two week high of $186.32. The company’s 50 day moving average is $169.26 and its two-hundred day moving average is $172.24.

AMETEK (NYSE:AME) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.78 billion. AMETEK had a net margin of 19.57% and a return on equity of 17.74%. AMETEK’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.49 EPS. Equities research analysts expect that AMETEK, Inc. will post 6.81 EPS for the current year.

AMETEK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.28 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.12 annualized dividend and a dividend yield of 0.66%. AMETEK’s dividend payout ratio (DPR) is 19.68%.

Analysts Set New Price Targets

AME has been the subject of several research analyst reports. StockNews.com downgraded shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Robert W. Baird reduced their price target on shares of AMETEK from $173.00 to $171.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. Oppenheimer upgraded shares of AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 price target for the company in a research report on Wednesday, May 22nd. Finally, Truist Financial reduced their price target on shares of AMETEK from $210.00 to $204.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, AMETEK currently has an average rating of “Moderate Buy” and an average target price of $181.20.

Insider Activity

In other news, Director Steven W. Kohlhagen sold 1,440 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $173.93, for a total value of $250,459.20. Following the completion of the sale, the director now owns 24,809 shares of the company’s stock, valued at approximately $4,315,029.37. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Steven W. Kohlhagen sold 1,440 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $173.93, for a total value of $250,459.20. Following the completion of the sale, the director now owns 24,809 shares of the company’s stock, valued at approximately $4,315,029.37. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven W. Kohlhagen sold 1,470 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $170.20, for a total transaction of $250,194.00. Following the completion of the sale, the director now directly owns 26,249 shares of the company’s stock, valued at approximately $4,467,579.80. The disclosure for this sale can be found here. Corporate insiders own 0.61% 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.