AMETEK, Inc. (AME) Director Elizebeth R. Varet Sells 2,000 Shares of Stock

AMETEK, Inc. (NYSE:AME) Director Elizebeth R. Varet sold 2,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $80.75, for a total transaction of $161,500.00. Following the sale, the director now directly owns 104,810 shares in the company, valued at approximately $8,463,407.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of NYSE:AME opened at $77.34 on Wednesday. AMETEK, Inc. has a twelve month low of $63.14 and a twelve month 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. The company has a market capitalization of $17.95 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 2.02 and a beta of 1.20.

AMETEK (NYSE:AME) last issued its quarterly earnings data on Tuesday, February 5th. The technology company reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.02. AMETEK had a net margin of 16.05% and a return on equity of 17.72%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the business earned $0.70 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, analysts expect that AMETEK, Inc. will post 3.92 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AME. Advisors Asset Management Inc. bought a new stake in AMETEK during the 2nd quarter worth approximately $168,000. Schroder Investment Management Group raised its stake in AMETEK by 84.8% during the 2nd quarter. Schroder Investment Management Group now owns 116,377 shares of the technology company’s stock worth $8,345,000 after acquiring an additional 53,400 shares during the period. Atria Investments LLC bought a new stake in AMETEK during the 3rd quarter worth approximately $541,000. Bank of Montreal Can raised its stake in AMETEK by 29.4% during the 3rd quarter. Bank of Montreal Can now owns 435,998 shares of the technology company’s stock worth $34,496,000 after acquiring an additional 99,020 shares during the period. Finally, First Hawaiian Bank bought a new stake in AMETEK during the 3rd quarter worth approximately $931,000. Institutional investors own 85.24% of the company’s stock.

A number of analysts have recently issued reports on the stock. Wolfe Research raised shares of AMETEK from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 8th. BMO Capital Markets lowered their price objective on shares of AMETEK from $93.00 to $91.00 and set an “outperform” rating on the stock in a research note on Friday, November 2nd. ValuEngine cut shares of AMETEK from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. Royal Bank of Canada reiterated a “buy” rating and issued a $82.00 price objective on shares of AMETEK in a research note on Wednesday, December 19th. Finally, Cowen reiterated a “buy” rating and issued a $91.00 price objective on shares of AMETEK in a research note on Wednesday, December 12th. Twelve investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $86.10.

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AMETEK Company Profile

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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Insider Buying and Selling by Quarter for AMETEK (NYSE:AME)

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