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AMETEK (NYSE:AME) Director Elizebeth R. Varet sold 2,000 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $52.10, for a total value of $104,200.00. Following the completion of the transaction, the director now directly owns 122,590 shares of the company’s stock, valued at approximately $6,386,939. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of AMETEK (NYSE:AME) opened at 52.69 on Wednesday. AMETEK has a one year low of $42.23 and a one year high of $54.50. The stock has a 50-day moving average of $51.65 and a 200-day moving average of $52.11. The company has a market cap of $12.950 billion and a P/E ratio of 23.28.

AMETEK (NYSE:AME) last announced its earnings results on Tuesday, August 5th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. 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. Investors 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 0.68%. The ex-dividend date is Friday, September 12th.

A number of research firms have recently commented on AME. 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 analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. AMETEK presently has a consensus rating of “Buy” and an average target price of $56.17.

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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