AMETEK, Inc. (NYSE:AME) Director Steven W. Kohlhagen sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $78.31, for a total transaction of $391,550.00. Following the transaction, the director now directly owns 49,298 shares of the company’s stock, valued at $3,860,526.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
AMETEK, Inc. (AME) traded down $0.44 during trading hours on Monday, hitting $78.35. 927,663 shares of the company traded hands, compared to its average volume of 1,238,200. AMETEK, Inc. has a twelve month low of $52.42 and a twelve month high of $79.10. The company has a quick ratio of 1.22, a current ratio of 1.70 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $18,140.00, a PE ratio of 30.89, a PEG ratio of 2.25 and a beta of 1.27.
AMETEK (NYSE:AME) last released its earnings results on Thursday, February 1st. The technology company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.03. AMETEK had a net margin of 15.85% and a return on equity of 16.39%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the business earned $0.58 earnings per share. The firm’s revenue was up 17.5% on a year-over-year basis. research analysts predict that AMETEK, Inc. will post 3.04 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. AMP Capital Investors Ltd grew its stake in shares of AMETEK by 24.4% in the third quarter. AMP Capital Investors Ltd now owns 153,984 shares of the technology company’s stock valued at $10,171,000 after buying an additional 30,200 shares in the last quarter. IFM Investors Pty Ltd bought a new position in AMETEK during the third quarter worth $509,000. Schroder Investment Management Group boosted its position in AMETEK by 289.1% during the third quarter. Schroder Investment Management Group now owns 81,971 shares of the technology company’s stock worth $5,373,000 after purchasing an additional 60,906 shares during the period. Mendel Money Management bought a new position in AMETEK during the fourth quarter worth $2,509,000. Finally, California Public Employees Retirement System boosted its position in AMETEK by 4.9% during the third quarter. California Public Employees Retirement System now owns 501,481 shares of the technology company’s stock worth $33,118,000 after purchasing an additional 23,381 shares during the period. 86.10% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on AME. ValuEngine raised shares of AMETEK from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. BMO Capital Markets reaffirmed a “buy” rating and set a $88.00 price target on shares of AMETEK in a research note on Friday, January 26th. Zacks Investment Research cut shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Wells Fargo & Co set a $88.00 price target on shares of AMETEK and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, KeyCorp raised their price target on shares of AMETEK from $82.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $81.64.
AMETEK Company Profile
AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets.
Receive News & Ratings for AMETEK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMETEK and related companies with MarketBeat.com's FREE daily email newsletter.