AMETEK, Inc. (NYSE:AME) Shares Sold by Kohmann Bosshard Financial Services LLC

Kohmann Bosshard Financial Services LLC lowered its position in AMETEK, Inc. (NYSE:AME) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,492 shares of the technology company’s stock after selling 117 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in AMETEK were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AME. Financial Advocates Investment Management boosted its holdings in AMETEK by 5.9% in the third quarter. Financial Advocates Investment Management now owns 2,183 shares of the technology company’s stock valued at $375,000 after acquiring an additional 122 shares during the last quarter. US Bancorp DE boosted its holdings in AMETEK by 12.3% in the third quarter. US Bancorp DE now owns 36,695 shares of the technology company’s stock valued at $6,301,000 after acquiring an additional 4,022 shares during the last quarter. Stephens Inc. AR boosted its holdings in AMETEK by 0.8% in the third quarter. Stephens Inc. AR now owns 37,595 shares of the technology company’s stock valued at $6,455,000 after acquiring an additional 312 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of AMETEK by 8.2% during the third quarter. Chicago Partners Investment Group LLC now owns 2,113 shares of the technology company’s stock worth $352,000 after purchasing an additional 161 shares in the last quarter. Finally, Ceredex Value Advisors LLC acquired a new position in shares of AMETEK during the third quarter worth about $40,811,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

AMETEK Stock Up 1.0 %

Shares of NYSE AME opened at $189.18 on Friday. AMETEK, Inc. has a 1 year low of $149.03 and a 1 year high of $198.33. The firm has a market cap of $43.64 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 2.73 and a beta of 1.16. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.75 and a current ratio of 1.24. The stock’s 50-day simple moving average is $183.25 and its 200-day simple moving average is $179.19.

AMETEK (NYSE:AME) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.02. AMETEK had a return on equity of 16.94% and a net margin of 19.83%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company earned $1.68 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, equities analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current fiscal year.

AMETEK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.31 dividend. This is a positive change from AMETEK’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 0.66%. The ex-dividend date is Friday, March 14th. AMETEK’s payout ratio is currently 20.91%.

AMETEK announced that its Board of Directors has authorized a stock buyback plan on Friday, February 7th that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the technology company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have commented on AME. BNP Paribas upgraded AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 price objective on the stock in a research note on Thursday, January 16th. Robert W. Baird reduced their price objective on AMETEK from $200.00 to $197.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. KeyCorp boosted their price objective on AMETEK from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Truist Financial boosted their price objective on AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, StockNews.com cut AMETEK from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $204.67.

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.