Tokio Marine Asset Management Co. Ltd. Grows Stock Position in AMETEK, Inc. (NYSE:AME)

Tokio Marine Asset Management Co. Ltd. grew its position in shares of AMETEK, Inc. (NYSE:AME) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,928 shares of the technology company’s stock after purchasing an additional 555 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in AMETEK were worth $6,584,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new position in AMETEK in the fourth quarter worth about $25,000. Wetzel Investment Advisors Inc. acquired a new position in shares of AMETEK in the 4th quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of AMETEK in the 4th quarter valued at approximately $26,000. Bruce G. Allen Investments LLC acquired a new stake in shares of AMETEK during the 4th quarter valued at approximately $28,000. Finally, Rakuten Securities Inc. bought a new position in AMETEK during the fourth quarter worth $31,000. 87.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AMETEK

In related news, CFO William Joseph Burke sold 5,973 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $168.90, for a total transaction of $1,008,839.70. Following the completion of the transaction, the chief financial officer now owns 101,709 shares of the company’s stock, valued at $17,178,650.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO William Joseph Burke sold 5,973 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $168.90, for a total value of $1,008,839.70. Following the completion of the transaction, the chief financial officer now owns 101,709 shares in the company, valued at approximately $17,178,650.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas A. Amato sold 780 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $182.00, for a total value of $141,960.00. Following the sale, the director now owns 10,240 shares in the company, valued at approximately $1,863,680. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,881 shares of company stock valued at $10,689,758. 0.61% of the stock is owned by corporate insiders.

AMETEK Stock Performance

Shares of NYSE:AME traded down $1.60 on Wednesday, hitting $178.25. The company’s stock had a trading volume of 867,347 shares, compared to its average volume of 935,760. The company has a market capitalization of $41.21 billion, a price-to-earnings ratio of 31.44, a price-to-earnings-growth ratio of 2.84 and a beta of 1.22. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.59 and a current ratio of 0.98. AMETEK, Inc. has a 12 month low of $133.12 and a 12 month high of $186.32. The stock’s 50-day moving average is $179.97 and its two-hundred day moving average is $165.07.

AMETEK (NYSE:AME) last released its earnings results on Tuesday, February 6th. The technology company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.62 by $0.06. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.73 billion. AMETEK had a net margin of 19.91% and a return on equity of 17.96%. AMETEK’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $1.52 EPS. On average, equities research analysts forecast that AMETEK, Inc. will post 6.82 EPS for the current year.

AMETEK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. This is an increase from AMETEK’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, March 7th. AMETEK’s dividend payout ratio is 19.75%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Truist Financial started coverage on shares of AMETEK in a research note on Thursday, March 14th. They set a “buy” rating and a $210.00 target price for the company. Royal Bank of Canada lowered their price objective on shares of AMETEK from $192.00 to $188.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. KeyCorp increased their price target on AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Finally, StockNews.com lowered AMETEK from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, AMETEK currently has a consensus rating of “Moderate Buy” and an average target price of $180.78.

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.