AMETEK, Inc. (NYSE:AME) insider Tony J. Ciampitti sold 9,534 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $97.14, for a total transaction of $926,132.76. Following the completion of the sale, the insider now directly owns 42,979 shares of the company’s stock, valued at $4,174,980.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
AME stock traded down $0.11 during midday trading on Friday, hitting $96.09. 51,851 shares of the company traded hands, compared to its average volume of 1,163,213. AMETEK, Inc. has a twelve month low of $63.14 and a twelve month high of $97.30. The company has a quick ratio of 1.48, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. The business has a 50 day simple moving average of $90.10 and a 200-day simple moving average of $87.78. The stock has a market capitalization of $22.00 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 2.13 and a beta of 1.20.
AMETEK (NYSE:AME) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.05. AMETEK had a return on equity of 20.04% and a net margin of 16.63%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the business earned $0.91 earnings per share. AMETEK’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities research analysts forecast that AMETEK, Inc. will post 4.14 EPS for the current year.
A number of equities analysts recently commented on AME shares. Wolfe Research set a $100.00 price objective on AMETEK and gave the stock a “buy” rating in a report on Friday, November 1st. Bank of America downgraded AMETEK from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $105.00 to $95.00 in a report on Friday, October 11th. Oppenheimer increased their price objective on AMETEK from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. KeyCorp increased their price objective on AMETEK from $94.00 to $100.00 in a report on Wednesday, July 31st. Finally, Royal Bank of Canada set a $95.00 price objective on AMETEK and gave the stock a “buy” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $97.62.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Nuveen Asset Management LLC increased its stake in shares of AMETEK by 807.9% in the second quarter. Nuveen Asset Management LLC now owns 1,423,064 shares of the technology company’s stock valued at $129,271,000 after buying an additional 1,266,329 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt purchased a new position in shares of AMETEK in the third quarter valued at $76,899,000. JPMorgan Chase & Co. grew its position in shares of AMETEK by 18.1% in the second quarter. JPMorgan Chase & Co. now owns 4,896,915 shares of the technology company’s stock valued at $432,202,000 after purchasing an additional 749,865 shares in the last quarter. UBS Group AG grew its position in shares of AMETEK by 417.2% in the second quarter. UBS Group AG now owns 681,116 shares of the technology company’s stock valued at $61,872,000 after purchasing an additional 549,417 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of AMETEK by 34.3% in the second quarter. Invesco Ltd. now owns 1,579,503 shares of the technology company’s stock valued at $143,482,000 after purchasing an additional 403,704 shares in the last quarter. 86.51% of the stock is owned by institutional investors.
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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