AMETEK, Inc. (NYSE:AME) Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. grew its holdings in shares of AMETEK, Inc. (NYSE:AME) by 7.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,784 shares of the technology company’s stock after acquiring an additional 387 shares during the quarter. Coldstream Capital Management Inc.’s holdings in AMETEK were worth $1,043,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in AMETEK by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 26,147,772 shares of the technology company’s stock worth $4,713,397,000 after acquiring an additional 282,208 shares during the period. FMR LLC lifted its holdings in shares of AMETEK by 1.1% in the fourth quarter. FMR LLC now owns 8,956,329 shares of the technology company’s stock valued at $1,614,468,000 after buying an additional 98,546 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of AMETEK by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 6,985,350 shares of the technology company’s stock valued at $1,199,454,000 after buying an additional 250,538 shares during the period. Capital World Investors lifted its holdings in shares of AMETEK by 70.0% in the fourth quarter. Capital World Investors now owns 5,760,017 shares of the technology company’s stock valued at $1,038,301,000 after buying an additional 2,371,062 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of AMETEK by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 5,526,369 shares of the technology company’s stock valued at $993,546,000 after buying an additional 124,713 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Stock Performance

Shares of AME opened at $166.24 on Tuesday. AMETEK, Inc. has a one year low of $145.02 and a one year high of $198.33. The company has a 50-day moving average of $171.63 and a two-hundred day moving average of $179.53. The stock has a market cap of $38.36 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 2.73 and a beta of 1.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.24 and a quick ratio of 0.75.

AMETEK (NYSE:AME) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.85 by $0.02. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.82 billion. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the company posted $1.68 earnings per share. On average, equities research analysts expect that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.31 per share. This is a boost from AMETEK’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, March 14th. AMETEK’s dividend payout ratio (DPR) is currently 20.91%.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Morgan Stanley assumed coverage on AMETEK in a report on Monday, April 14th. They issued an “equal weight” rating and a $170.00 price objective for the company. StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a report on Friday, April 11th. Truist Financial cut their price objective on AMETEK from $216.00 to $196.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Robert W. Baird cut their price objective on AMETEK from $200.00 to $197.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, BNP Paribas raised AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 target price for the company in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, AMETEK has an average rating of “Moderate Buy” and an average target price of $198.60.

Insider Buying and Selling

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