Flossbach Von Storch AG Has $426.41 Million Stock Position in AMETEK, Inc. (NYSE:AME)

Flossbach Von Storch AG increased its holdings in shares of AMETEK, Inc. (NYSE:AME) by 10.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,586,030 shares of the technology company’s stock after acquiring an additional 252,455 shares during the quarter. AMETEK makes up 1.9% of Flossbach Von Storch AG’s portfolio, making the stock its 18th biggest position. Flossbach Von Storch AG’s holdings in AMETEK were worth $426,410,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of AMETEK by 108.1% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 435 shares of the technology company’s stock valued at $72,000 after purchasing an additional 226 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of AMETEK by 7.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 25,099 shares of the technology company’s stock valued at $4,139,000 after buying an additional 1,714 shares during the period. Rakuten Securities Inc. bought a new stake in shares of AMETEK during the fourth quarter worth $31,000. Tyche Wealth Partners LLC acquired a new stake in shares of AMETEK during the fourth quarter worth $6,275,000. Finally, Desjardins Global Asset Management Inc. boosted its stake in AMETEK by 1.2% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 8,753 shares of the technology company’s stock worth $1,443,000 after purchasing an additional 101 shares during the period. 87.43% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Thomas M. Montgomery sold 6,891 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was 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 directly owns 21,543 shares in the company, valued at approximately $3,993,641.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other AMETEK news, CFO William Joseph Burke sold 17,437 shares of AMETEK stock in a transaction 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 directly owns 101,709 shares of the company’s stock, valued at approximately $17,138,983.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas M. Montgomery sold 6,891 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $185.38, for a total value of $1,277,453.58. Following the sale, the vice president now directly owns 21,543 shares in the company, valued at $3,993,641.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,881 shares of company stock valued at $10,689,758. 0.61% of the stock is owned by insiders.

AMETEK Stock Performance

Shares of AMETEK stock traded down $1.04 during trading on Wednesday, hitting $178.05. 900,870 shares of the stock were exchanged, compared to its average volume of 951,097. The company has a current ratio of 0.98, a quick ratio of 0.59 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average price of $179.04 and a 200-day moving average price of $164.04. The stock has a market capitalization of $41.17 billion, a price-to-earnings ratio of 31.40, a price-to-earnings-growth ratio of 2.86 and a beta of 1.22. AMETEK, Inc. has a 1-year low of $133.12 and a 1-year 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, topping analysts’ consensus estimates of $1.62 by $0.06. AMETEK had a return on equity of 17.96% and a net margin of 19.91%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the business earned $1.52 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts predict that AMETEK, Inc. will post 6.82 EPS for the current fiscal year.

AMETEK Increases Dividend

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

Wall Street Analyst Weigh In

AME has been the topic of several recent research reports. Royal Bank of Canada dropped their price target 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 cut AMETEK from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. Truist Financial assumed coverage on shares of AMETEK in a research note on Thursday, March 14th. They set a “buy” rating and a $210.00 price target for the company. Finally, KeyCorp boosted their price objective on shares of AMETEK from $182.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $180.78.

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.