Today, the PRESIDENT – ELECTROMECHANICAL of Ametek Inc (AME), Timothy N. Jones, sold shares of AME for $411K.
Following Timothy N. Jones’ last AME Sell transaction on June 05, 2017, the stock climbed by 21.2%. In addition to Timothy N. Jones, 7 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 December 31, the company posted quarterly revenue of $1.27 billion and quarterly net profit of $212 million. In comparison, last year the company earned revenue of $1.14 billion and had a net profit of $239 million. AME’s market cap is $18.68B and the company has a P/E ratio of 24.58. Currently, Ametek Inc has an average volume of 1.28M.
Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $88.14, reflecting a 6.5% upside.
The insider sentiment on Ametek Inc has been negative according to 79 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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AMETEK, Inc. engages in the manufacture of electronic instruments and electromechanical devices. It operates through the following two segments: Electronic Instruments and Electromechanical. The Electronic Instruments segment designs and manufactures advanced instruments for the process, aerospace, power and industrial markets.
