Trexquant Investment LP Lowers Stock Position in AMETEK, Inc. (NYSE:AME)

Trexquant Investment LP trimmed its position in AMETEK, Inc. (NYSE:AMEFree Report) by 41.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,918 shares of the technology company’s stock after selling 18,551 shares during the quarter. Trexquant Investment LP’s holdings in AMETEK were worth $4,274,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Corient Private Wealth LLC lifted its position in AMETEK by 1.1% during the third quarter. Corient Private Wealth LLC now owns 108,309 shares of the technology company’s stock valued at $16,005,000 after purchasing an additional 1,144 shares during the last quarter. Signaturefd LLC increased its position in shares of AMETEK by 4.5% during the 3rd quarter. Signaturefd LLC now owns 4,939 shares of the technology company’s stock valued at $730,000 after purchasing an additional 214 shares during the last quarter. Syon Capital LLC bought a new stake in AMETEK in the third quarter worth $287,000. NBC Securities Inc. purchased a new position in AMETEK during the third quarter worth $191,000. Finally, Lincoln National Corp increased its position in 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 acquiring an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Insiders Place Their Bets

In other news, Director Steven W. Kohlhagen sold 1,400 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $180.59, for a total value of $252,826.00. Following the sale, the director now owns 28,054 shares in the company, valued at $5,066,271.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Steven W. Kohlhagen sold 1,400 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $180.59, for a total value of $252,826.00. Following the completion of the sale, the director now owns 28,054 shares of the company’s stock, valued at approximately $5,066,271.86. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Thomas M. Montgomery sold 6,891 shares of AMETEK stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $185.38, for a total value of $1,277,453.58. Following the completion of the sale, the vice president now owns 21,543 shares in the company, valued at approximately $3,993,641.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,941 shares of company stock valued at $6,992,804. 0.61% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AME has been the topic of a number of recent analyst reports. Royal Bank of Canada reduced their price objective on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Oppenheimer raised AMETEK from a “market perform” rating to an “outperform” rating and set a $200.00 price target for the company in a research note on Wednesday. Robert W. Baird cut their price objective on AMETEK from $173.00 to $171.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. StockNews.com upgraded AMETEK from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Finally, Truist Financial initiated coverage on shares of AMETEK in a report on Thursday, March 14th. They issued a “buy” rating and a $210.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.64.

View Our Latest Stock Report on AMETEK

AMETEK Price Performance

Shares of AME stock opened at $174.13 on Thursday. The stock’s 50-day moving average is $176.80 and its 200 day moving average is $168.69. AMETEK, Inc. has a 1-year low of $136.89 and a 1-year high of $186.32. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 0.66. The company has a market cap of $40.31 billion, a P/E ratio of 30.60, a PEG ratio of 2.71 and a beta of 1.21.

AMETEK (NYSE:AMEGet Free Report) last posted its earnings results on Thursday, May 2nd. The technology company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. AMETEK had a net margin of 19.57% and a return on equity of 17.74%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the prior year, the company posted $1.49 earnings per share. AMETEK’s revenue for the quarter was up 9.0% compared to the same quarter last year. Research analysts predict that AMETEK, Inc. will post 6.83 earnings per share for the current fiscal year.

AMETEK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.64%. AMETEK’s dividend payout ratio is currently 19.68%.

AMETEK 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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