Prudent Man Advisors LLC Has $765,000 Holdings in AMETEK, Inc. (NYSE:AME)

Prudent Man Advisors LLC lowered its stake in shares of AMETEK, Inc. (NYSE:AME) by 3.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,243 shares of the technology company’s stock after selling 145 shares during the period. Prudent Man Advisors LLC’s holdings in AMETEK were worth $765,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AME. Versant Capital Management Inc increased its position in shares of AMETEK by 3,116.7% during the fourth quarter. Versant Capital Management Inc now owns 193 shares of the technology company’s stock valued at $35,000 after purchasing an additional 187 shares during the period. Itau Unibanco Holding S.A. increased its holdings in AMETEK by 62.6% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company’s stock valued at $34,000 after buying an additional 77 shares during the period. AdvisorNet Financial Inc lifted its holdings in shares of AMETEK by 1,176.5% during the 4th quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company’s stock worth $39,000 after acquiring an additional 200 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of AMETEK by 42.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company’s stock valued at $42,000 after acquiring an additional 70 shares in the last quarter. Finally, Quent Capital LLC increased its stake in AMETEK by 60.9% in the fourth quarter. Quent Capital LLC now owns 251 shares of the technology company’s stock valued at $45,000 after acquiring an additional 95 shares during the period. Institutional investors own 87.43% of the company’s stock.

AMETEK Stock Performance

AMETEK stock opened at $189.18 on Friday. AMETEK, Inc. has a 1 year low of $149.03 and a 1 year high of $198.33. The company’s 50-day moving average is $183.25 and its two-hundred day moving average is $179.06. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 0.15. The company has a market cap of $43.64 billion, a PE ratio of 31.90, a PEG ratio of 2.73 and a beta of 1.16.

AMETEK (NYSE:AME) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.02. AMETEK had a net margin of 19.83% and a return on equity of 16.94%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the firm earned $1.68 earnings per share. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities analysts anticipate that AMETEK, Inc. will post 7.15 earnings per share for the current year.

AMETEK declared that its Board of Directors has initiated a stock repurchase plan on Friday, February 7th that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the technology company to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

AMETEK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, March 14th. This represents a $1.24 dividend on an annualized basis and a yield of 0.66%. This is a boost from AMETEK’s previous quarterly dividend of $0.28. AMETEK’s payout ratio is currently 20.91%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Truist Financial raised their target price on AMETEK from $221.00 to $222.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. StockNews.com lowered shares of AMETEK from a “buy” rating to a “hold” rating in a report on Saturday. BNP Paribas raised AMETEK from a “neutral” rating to an “outperform” rating and set a $210.00 target price on the stock in a report on Thursday, January 16th. KeyCorp raised their price target on AMETEK from $205.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, Robert W. Baird reduced their price objective on AMETEK from $200.00 to $197.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $204.67.

AMETEK Company 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.