AMETEK, Inc. (NYSE:AME) insider John Wesley Hardin sold 25,965 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $78.50, for a total value of $2,038,252.50. Following the sale, the insider now directly owns 85,663 shares of the company’s stock, valued at $6,724,545.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
AMETEK, Inc. (NYSE AME) traded down $0.72 on Tuesday, hitting $77.68. The stock had a trading volume of 1,050,842 shares, compared to its average volume of 1,288,114. 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 firm has a market cap of $17,757.24, a PE ratio of 26.62, a P/E/G ratio of 2.19 and a beta of 1.32. AMETEK, Inc. has a 1-year low of $52.42 and a 1-year high of $79.10.
AMETEK (NYSE:AME) last posted its quarterly earnings results on Thursday, February 1st. The technology company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.09 billion. AMETEK had a return on equity of 16.39% and a net margin of 15.85%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the firm earned $0.58 EPS. sell-side analysts expect that AMETEK, Inc. will post 3.04 EPS for the current fiscal year.
A number of analysts have weighed in on the company. Zacks Investment Research raised AMETEK from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Monday, February 5th. KeyCorp increased their price objective on AMETEK from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Robert W. Baird raised their price target on AMETEK from $70.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. BMO Capital Markets reissued a “buy” rating and issued a $88.00 price target on shares of AMETEK in a report on Friday, January 26th. Finally, Wells Fargo & Co set a $88.00 price target on AMETEK and gave the company a “buy” rating in a report on Thursday, January 18th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $81.64.
Hedge funds have recently modified their holdings of the stock. Acropolis Investment Management LLC acquired a new position in AMETEK during the fourth quarter worth $108,000. Zions Bancorporation acquired a new position in AMETEK during the third quarter worth $150,000. BB&T Investment Services Inc. raised its holdings in AMETEK by 42.6% during the third quarter. BB&T Investment Services Inc. now owns 2,633 shares of the technology company’s stock worth $179,000 after purchasing an additional 786 shares during the last quarter. Parkwood LLC acquired a new position in AMETEK during the third quarter worth $200,000. Finally, 180 Wealth Advisors LLC acquired a new position in AMETEK during the fourth quarter worth $200,000. 85.25% of the stock is owned by hedge funds and other institutional investors.
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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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