Dimensional Fund Advisors LP Has $280.57 Million Stock Holdings in AMETEK, Inc. (NYSE:AME)

Dimensional Fund Advisors LP increased its holdings in shares of AMETEK, Inc. (NYSE:AMEFree Report) by 17.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,701,558 shares of the technology company’s stock after purchasing an additional 255,193 shares during the period. Dimensional Fund Advisors LP owned approximately 0.74% of AMETEK worth $280,573,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp increased its position in shares of AMETEK by 0.5% during 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 in the last quarter. Provence Wealth Management Group raised its stake in shares of AMETEK by 5.5% in the fourth quarter. Provence Wealth Management Group now owns 1,435 shares of the technology company’s stock worth $237,000 after purchasing an additional 75 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of AMETEK by 0.5% in the fourth quarter. Metis Global Partners LLC now owns 15,934 shares of the technology company’s stock valued at $2,627,000 after purchasing an additional 82 shares in the last quarter. Lincoln National Corp boosted its position in shares of AMETEK by 6.1% during the third quarter. Lincoln National Corp now owns 1,436 shares of the technology company’s stock valued at $212,000 after buying an additional 83 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its holdings in AMETEK by 4.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 1,919 shares of the technology company’s stock worth $284,000 after buying an additional 85 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

AMETEK Price Performance

Shares of NYSE AME traded down $0.86 during mid-day trading on Monday, reaching $169.94. 448,406 shares of the company were exchanged, compared to its average volume of 978,098. AMETEK, Inc. has a 52 week low of $136.89 and a 52 week high of $186.32. The company’s 50 day moving average price is $178.67 and its 200 day moving average price is $167.12. The stock has a market capitalization of $39.34 billion, a PE ratio of 30.02, a PEG ratio of 2.73 and a beta of 1.21. The company has a quick ratio of 0.66, a current ratio of 1.11 and a debt-to-equity ratio of 0.21.

AMETEK (NYSE:AMEGet Free Report) last released its earnings results on Thursday, May 2nd. The technology company reported $1.64 earnings per share for the quarter, topping 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 return on equity of 17.74% and a net margin of 19.57%. AMETEK’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS. Sell-side analysts forecast that AMETEK, Inc. will post 6.84 earnings per share for the current fiscal year.

AMETEK Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.12 annualized dividend and a dividend yield of 0.66%. AMETEK’s dividend payout ratio (DPR) is presently 19.68%.

Analyst Ratings Changes

Several research firms have recently issued reports on AME. KeyCorp upped their target price on AMETEK from $182.00 to $205.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Royal Bank of Canada lowered their target price on AMETEK from $192.00 to $188.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. StockNews.com lowered shares of AMETEK from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. Truist Financial began coverage on shares of AMETEK in a research report on Thursday, March 14th. They issued a “buy” rating and a $210.00 price objective on the stock. Finally, Robert W. Baird dropped their target price on shares of AMETEK from $173.00 to $171.00 and set a “neutral” rating on the stock in a research note on Monday, May 6th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, AMETEK presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.80.

Read Our Latest Stock Analysis on AME

Insider Activity at AMETEK

In other news, CFO William Joseph Burke sold 17,437 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $168.51, for a total value of $2,938,308.87. Following the completion of the transaction, the chief financial officer now owns 101,709 shares of the company’s stock, valued at approximately $17,138,983.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other AMETEK news, Director Thomas A. Amato sold 780 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $182.00, for a total transaction of $141,960.00. Following the completion of the transaction, the director now owns 10,240 shares of the company’s stock, valued at $1,863,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William Joseph Burke sold 17,437 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $168.51, for a total value of $2,938,308.87. Following the completion of the sale, the chief financial officer now directly owns 101,709 shares in the company, valued at $17,138,983.59. The disclosure for this sale can be found here. Insiders sold a total of 53,908 shares of company stock worth $9,680,918 over the last quarter. 0.61% of the stock is owned by corporate insiders.

AMETEK Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AMETEK (NYSE:AME)

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