AMETEK, Inc. (NYSE:AME) Director Elizebeth R. Varet sold 2,000 shares of AMETEK stock in a transaction on Friday, September 13th. The shares were sold at an average price of $80.75, for a total transaction of $161,500.00. Following the completion of the sale, the director now owns 104,810 shares in the company, valued at $8,463,407.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
AMETEK stock opened at $76.05 on Tuesday. The stock has a market cap of $17.58 billion, a PE ratio of 23.12, a PEG ratio of 2.02 and a beta of 1.20. AMETEK, Inc. has a fifty-two week low of $63.14 and a fifty-two week high of $81.92. The company has a current ratio of 1.46, a quick ratio of 0.96 and a debt-to-equity ratio of 0.54.
AMETEK (NYSE:AME) last released its quarterly earnings data on Tuesday, February 5th. The technology company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. AMETEK had a net margin of 16.05% and a return on equity of 17.72%. AMETEK’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 EPS. Research analysts expect that AMETEK, Inc. will post 3.92 EPS for the current fiscal year.
Several equities research analysts have issued reports on AME shares. Morgan Stanley lowered their price target on shares of AMETEK from $84.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Monday, November 5th. Stephens reiterated a “buy” rating and issued a $79.00 price target on shares of AMETEK in a research note on Sunday, January 6th. BMO Capital Markets reiterated a “buy” rating and issued a $90.00 price target on shares of AMETEK in a research note on Tuesday, January 29th. Robert W. Baird boosted their price objective on shares of AMETEK from $82.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, November 2nd. Finally, ValuEngine upgraded shares of AMETEK from a “hold” rating to a “buy” rating in a research note on Tuesday, November 6th. Twelve analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of $86.10.
Institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. boosted its holdings in shares of AMETEK by 10.9% during the 4th quarter. Advisor Group Inc. now owns 9,753 shares of the technology company’s stock worth $660,000 after buying an additional 957 shares during the period. Rafferty Asset Management LLC bought a new stake in shares of AMETEK during the 4th quarter worth about $542,000. Jaffetilchin Investment Partners LLC boosted its holdings in shares of AMETEK by 15.4% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 3,325 shares of the technology company’s stock worth $225,000 after buying an additional 444 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of AMETEK by 29.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 72,816 shares of the technology company’s stock worth $4,930,000 after buying an additional 16,558 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of AMETEK by 1.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 12,665 shares of the technology company’s stock worth $857,000 after buying an additional 143 shares during the period. Institutional investors own 85.24% of the company’s stock.
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AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices worldwide. Its Electronic Instruments Group segment offers advanced instruments for the process, power and industrial, and aerospace markets; process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage markets; and instruments for the laboratory equipment, ultraprecision manufacturing, medical, and test and measurement markets.
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