AMETEK, Inc. (NYSE:AME) VP Thomas M. Montgomery sold 7,036 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $96.10, for a total transaction of $676,159.60. Following the completion of the transaction, the vice president now owns 27,853 shares of the company’s stock, valued at $2,676,673.30. The sale was disclosed in a document filed with the SEC, which is available through this link.
NYSE:AME opened at $96.54 on Friday. The firm has a market cap of $22.00 billion, a P/E ratio of 29.34, a P/E/G ratio of 2.13 and a beta of 1.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.48 and a current ratio of 2.05. AMETEK, Inc. has a fifty-two week low of $63.14 and a fifty-two week high of $97.30. The firm has a 50-day simple moving average of $90.22 and a two-hundred day simple moving average of $87.83.
AMETEK (NYSE:AME) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.05. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. AMETEK had a net margin of 16.63% and a return on equity of 20.04%. AMETEK’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS. On average, equities research analysts predict that AMETEK, Inc. will post 4.14 EPS for the current year.
Several research analysts recently issued reports on the stock. Rosenblatt Securities assumed coverage on shares of AMETEK in a research note on Thursday. They issued a “buy” rating and a $115.00 price target for the company. Wolfe Research set a $100.00 price target on shares of AMETEK and gave the stock a “buy” rating in a research note on Friday, November 1st. KeyCorp increased their price target on shares of AMETEK from $94.00 to $100.00 in a research note on Wednesday, July 31st. Bank of America lowered shares of AMETEK from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $105.00 to $95.00 in a research note on Friday, October 11th. Finally, Royal Bank of Canada set a $95.00 price target on shares of AMETEK and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $97.62.
A number of large investors have recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of AMETEK by 16.2% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 242,237 shares of the technology company’s stock valued at $20,098,000 after acquiring an additional 33,825 shares during the last quarter. Private Trust Co. NA purchased a new stake in shares of AMETEK during the 2nd quarter valued at about $421,000. DNB Asset Management AS boosted its holdings in shares of AMETEK by 14.2% during the 2nd quarter. DNB Asset Management AS now owns 51,492 shares of the technology company’s stock valued at $4,678,000 after acquiring an additional 6,400 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in shares of AMETEK by 0.5% during the 2nd quarter. Retirement Systems of Alabama now owns 106,253 shares of the technology company’s stock valued at $9,652,000 after acquiring an additional 490 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC boosted its holdings in shares of AMETEK by 44.5% during the 2nd quarter. Douglass Winthrop Advisors LLC now owns 4,228 shares of the technology company’s stock valued at $384,000 after acquiring an additional 1,303 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.
AMETEK Company Profile
AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. The company's Electronic Instruments segment offers advanced instruments for the process, aerospace, power, and industrial markets; process control instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets.
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