AMETEK Sees Unusually Large Options Volume (NYSE:AME)

AMETEK, Inc. (NYSE:AME) was the target of some unusual options trading on Wednesday. Traders bought 1,419 call options on the company. This is an increase of 1,410% compared to the average volume of 94 call options.

In other AMETEK news, VP Thomas M. Montgomery sold 5,602 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $88.50, for a total transaction of $495,777.00. Following the sale, the vice president now directly owns 26,419 shares of the company’s stock, valued at $2,338,081.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO William Joseph Burke sold 16,322 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $86.51, for a total value of $1,412,016.22. Following the sale, the chief financial officer now directly owns 86,727 shares in the company, valued at $7,502,752.77. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,370 shares of company stock worth $8,072,702. Insiders own 0.80% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Advisors Inc. grew its position in AMETEK by 55.2% in the first quarter. Cornerstone Advisors Inc. now owns 388 shares of the technology company’s stock worth $32,000 after acquiring an additional 138 shares in the last quarter. Liberty Wealth Management LLC purchased a new position in AMETEK in the first quarter worth about $40,000. Legacy Advisors LLC purchased a new position in AMETEK in the second quarter worth about $55,000. Financial Gravity Wealth Inc. purchased a new position in AMETEK in the first quarter worth about $73,000. Finally, Barrett Asset Management LLC grew its position in AMETEK by 100.0% in the first quarter. Barrett Asset Management LLC now owns 1,682 shares of the technology company’s stock worth $140,000 after acquiring an additional 841 shares in the last quarter. Institutional investors own 85.73% of the company’s stock.



Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised TMAC Resources from a “market perform” rating to an “outperform” rating in a report on Thursday, May 2nd. KeyCorp reaffirmed a “hold” rating on shares of Ball in a report on Thursday, May 2nd. Vertical Research reaffirmed a “buy” rating on shares of AMETEK in a report on Friday, May 3rd. Morgan Stanley set a $226.00 target price on S&P Global and gave the stock a “hold” rating in a report on Friday, May 3rd. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 150 ($1.96) target price on shares of Tharisa in a report on Wednesday, May 15th. Fifteen investment analysts have rated the stock with a buy rating, AMETEK presently has an average rating of “Buy” and a consensus price target of $91.50.

Shares of AME stock opened at $88.90 on Friday. AMETEK has a 12-month low of $63.14 and a 12-month high of $92.30. The company has a quick ratio of 1.27, a current ratio of 1.91 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average price of $87.68. The company has a market capitalization of $20.80 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 2.33 and a beta of 1.24.

AMETEK (NYSE:AME) last issued its earnings results on Wednesday, May 1st. The technology company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. AMETEK had a return on equity of 18.56% and a net margin of 16.14%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 earnings per share. As a group, research analysts forecast that AMETEK will post 4.08 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.14 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.56 annualized dividend and a yield of 0.63%. AMETEK’s dividend payout ratio is currently 17.02%.

About AMETEK

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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