AMETEK Director Elizebeth R. Varet Sells 2,000 Shares (AME)
AMETEK (NYSE:AME) Director Elizebeth R. Varet unloaded 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $52.10, for a total value of $104,200.00. Following the sale, the director now directly owns 122,590 shares of the company’s stock, valued at approximately $6,386,939. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on AME shares. Analysts at Zacks reiterated a “neutral” rating on shares of AMETEK in a research note on Wednesday, August 13th. They now have a $54.00 price target on the stock. Separately, analysts at Oppenheimer reiterated an “outperform” rating on shares of AMETEK in a research note on Wednesday, August 6th. They now have a $59.00 price target on the stock, up previously from $57.00. Finally, analysts at KeyCorp raised their price target on shares of AMETEK from $57.00 to $58.00 in a research note on Tuesday, July 15th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $56.17.
AMETEK (NYSE:AME) traded up 1.91% on Monday, hitting $52.39. 793,561 shares of the company’s stock traded hands. AMETEK has a 52-week low of $42.23 and a 52-week high of $54.50. The stock’s 50-day moving average is $51.6 and its 200-day moving average is $52.06. The company has a market cap of $12.877 billion and a price-to-earnings ratio of 22.85.
AMETEK (NYSE:AME) last announced its earnings results on Tuesday, August 5th. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.02. The company had revenue of $990.70 million for the quarter, compared to the consensus estimate of $974.00 million. During the same quarter last year, the company posted $0.52 earnings per share. AMETEK’s revenue was up 12.7% compared to the same quarter last year. On average, analysts predict that AMETEK will post $2.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Friday, September 12th.
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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