Bryn Mawr Capital Management LLC Invests $757,000 in AMETEK, Inc. (NYSE:AME)

Bryn Mawr Capital Management LLC bought a new position in AMETEK, Inc. (NYSE:AME) during the 4th quarter, HoldingsChannel reports. The fund bought 4,591 shares of the technology company’s stock, valued at approximately $757,000.

Several other large investors have also made changes to their positions in the company. Lincoln National Corp grew its holdings in AMETEK by 6.1% during the 3rd quarter. Lincoln National Corp now owns 1,436 shares of the technology company’s stock worth $212,000 after acquiring an additional 83 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in AMETEK by 4.6% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,919 shares of the technology company’s stock worth $284,000 after acquiring an additional 85 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in AMETEK by 2.7% during the 4th quarter. Venturi Wealth Management LLC now owns 3,203 shares of the technology company’s stock worth $528,000 after acquiring an additional 85 shares during the last quarter. HBK Sorce Advisory LLC grew its holdings in AMETEK by 1.8% during the 4th quarter. HBK Sorce Advisory LLC now owns 5,319 shares of the technology company’s stock worth $877,000 after acquiring an additional 94 shares during the last quarter. Finally, Waldron Private Wealth LLC grew its holdings in AMETEK by 1.1% during the 4th quarter. Waldron Private Wealth LLC now owns 8,536 shares of the technology company’s stock worth $1,407,000 after acquiring an additional 97 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other AMETEK news, CFO William Joseph Burke sold 17,437 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $168.51, for a total transaction of $2,938,308.87. Following the sale, the chief financial officer now directly owns 101,709 shares in the company, valued at approximately $17,138,983.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other AMETEK news, CFO William Joseph Burke sold 17,437 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $168.51, for a total transaction of $2,938,308.87. Following the sale, the chief financial officer now directly owns 101,709 shares in the company, valued at approximately $17,138,983.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven W. Kohlhagen sold 1,400 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $180.59, for a total transaction of $252,826.00. Following the sale, the director now owns 28,054 shares in the company, valued at $5,066,271.86. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,881 shares of company stock worth $10,689,758. Company insiders own 0.61% of the company’s stock.

AMETEK Stock Performance

Shares of NYSE:AME opened at $177.48 on Friday. The company has a market capitalization of $41.04 billion, a price-to-earnings ratio of 31.30, a P/E/G ratio of 2.84 and a beta of 1.22. The firm’s 50 day simple moving average is $180.12 and its 200 day simple moving average is $165.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.98 and a quick ratio of 0.59. AMETEK, Inc. has a fifty-two week low of $133.77 and a fifty-two week high of $186.32.

AMETEK (NYSE:AME) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.06. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.73 billion. AMETEK had a net margin of 19.91% and a return on equity of 17.96%. AMETEK’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the company posted $1.52 EPS. As a group, sell-side analysts forecast that AMETEK, Inc. will post 6.82 earnings per share for the current year.

AMETEK Increases Dividend

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

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.