Ametek Director Sells $158,010 in Stock (AME)
Ametek (NYSE:AME) Director Charles D. Klein sold 3,000 shares of Ametek stock on the open market in a transaction dated Friday, May 16th. The stock was sold at an average price of $52.67, for a total value of $158,010.00. Following the transaction, the director now directly owns 181,221 shares of the company’s stock, valued at approximately $9,544,910. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Ametek (NYSE:AME) traded down 0.15% during mid-day trading on Monday, hitting $52.65. The stock had a trading volume of 686,118 shares. Ametek has a 52-week low of $39.46 and a 52-week high of $54.40. The stock’s 50-day moving average is $51.99 and its 200-day moving average is $51.11. The company has a market cap of $12.915 billion and a P/E ratio of 24.41.
Ametek (NYSE:AME) last announced its earnings results on Tuesday, May 6th. The company reported $0.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.01. The company had revenue of $975.30 million for the quarter, compared to the consensus estimate of $966.20 million. During the same quarter last year, the company posted $0.53 earnings per share. Ametek’s revenue was up 10.5% compared to the same quarter last year. On average, analysts predict that Ametek will post $2.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Thursday, June 12th. This is a boost from Ametek’s previous quarterly dividend of $0.06.
AMETEK, Inc (NYSE:AME) is a global manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America.
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