The Executive VP – CFO of Ametek Inc is Exercising Options

Today it was reported that the Executive VP – CFO of Ametek Inc (NYSE: AME), William Joseph Burke, exercised options to sell 15,600 AME shares at $34.04 a share, for a total transaction value of $1.25M.

Following William Joseph Burke’s last AME Sell transaction on February 23, 2017, the stock climbed by 25.5%. In addition to William Joseph Burke, 5 other AME executives reported Sell trades in the last month.

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Based on Ametek Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.21 billion and quarterly net profit of $194 million. In comparison, last year the company earned revenue of $1.06 billion and had a net profit of $150 million. AME’s market cap is $18.43B and the company has a P/E ratio of 24.09. Currently, Ametek Inc has an average volume of 1.12M.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $87.20, reflecting a 9.8% upside.

The insider sentiment on Ametek Inc has been negative according to 86 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

William Joseph Burke’s trades have generated a -13.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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AMETEK, Inc. engages in the manufacture of electronic instruments and electromechanical devices. It operates through the following group business segments: Electronic Instruments and Electromechanical.