AMETEK, Inc. (NYSE:AME) Director Elizebeth R. Varet sold 3,000 shares of the business’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $78.03, for a total value of $234,090.00. Following the transaction, the director now directly owns 111,880 shares of the company’s stock, valued at $8,729,996.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of AMETEK, Inc. (NYSE:AME) opened at $78.68 on Friday. The stock has a market capitalization of $18,201.44, a PE ratio of 26.76, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. The company has a current ratio of 1.70, a quick ratio of 1.22 and a debt-to-equity ratio of 0.46. AMETEK, Inc. has a fifty-two week low of $52.42 and a fifty-two week high of $79.32.
AMETEK (NYSE:AME) last announced its quarterly earnings results on Thursday, February 1st. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.03. AMETEK had a return on equity of 16.39% and a net margin of 15.85%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the business earned $0.58 EPS. AMETEK’s revenue for the quarter was up 17.5% on a year-over-year basis. sell-side analysts predict that AMETEK, Inc. will post 3.05 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Acropolis Investment Management LLC purchased a new stake in shares of AMETEK in the 4th quarter valued at about $108,000. Zions Bancorporation purchased a new stake in shares of AMETEK in the 3rd quarter valued at about $150,000. BB&T Investment Services Inc. lifted its holdings in shares of AMETEK by 42.6% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,633 shares of the technology company’s stock valued at $179,000 after purchasing an additional 786 shares during the last quarter. 180 Wealth Advisors LLC purchased a new stake in shares of AMETEK in the 4th quarter valued at about $200,000. Finally, Catawba Capital Management VA purchased a new stake in shares of AMETEK in the 4th quarter valued at about $208,000. 86.10% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on AME shares. Zacks Investment Research raised AMETEK from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Monday, February 5th. Cowen reissued a “buy” rating and set a $80.00 target price on shares of AMETEK in a research note on Friday, December 22nd. Oppenheimer reissued a “buy” rating and set a $75.00 target price on shares of AMETEK in a research note on Thursday, December 21st. BMO Capital Markets reissued a “buy” rating and set a $80.00 target price on shares of AMETEK in a research note on Monday, December 11th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of AMETEK in a research note on Monday, December 11th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $81.64.
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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.
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