Today it was reported that the SENIOR VP-CORP. DEVELOPMENT of Ametek Inc (AME), William Eginton, exercised options to sell 15,546 AME shares at $41.74 a share, for a total transaction value of $1.24M.
Following William Eginton’s last AME Sell transaction on February 06, 2018, the stock climbed by 5.3%. In addition to William Eginton, 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 $18.06B and the company has a P/E ratio of 23.77. Currently, Ametek Inc has an average volume of 1.79M.
Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $88.00, reflecting a 10.7% upside.
The insider sentiment on Ametek Inc has been negative according to 76 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.
