Ametek Inc (NYSE: AME) is 8.76% higher on its value in year-to-date trading and has touched a low of $133.12 and a high of $186.32 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AME stock was last observed hovering at around $181.11 in the last trading session, with the day’s loss setting it -1.77%.
Currently trading at $179.34, the stock is -1.46% and 2.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing -0.98% at the moment leaves the stock 11.84% off its SMA200. AME registered 24.33% gain for a year compared to 6-month gain of 21.21%. The firm has a 50-day simple moving average (SMA 50) of $6.73 and a 200-day simple moving average (SMA200) of $21.93.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -0.06% loss in the last 1 month and extending the period to 3 months gives it a 11.67%, and is -2.38% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.30% over the week and 1.17% over the month.
Ametek Inc (AME) has around 21500 employees, a market worth around $41.43B and $6.60B in sales. Current P/E ratio is 31.62 and Fwd P/E is 23.93. Profit margin for the company is 19.91%. Distance from 52-week low is 34.72% and -3.75% from its 52-week high. The company has generated returns on investments over the last 12 months (12.15%).
Ametek Inc quarterly earnings per share for the current quarter are estimated at $1.59 with sales reaching $1.78B over the same period.The EPS is expected to grow by 7.20% this year, but quarterly earnings will post 12.20% year-over-year. Quarterly sales are estimated to grow 11.40% in year-over-year returns.
1,193 institutions hold shares in Ametek Inc (AME), with institutional investors hold 90.63% of the company’s shares. The shares outstanding are 230.93M, and float is at 229.92M with Short Float at 1.28%. Institutions hold 90.22% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 25.65 million shares valued at $4.15 billion. The investor’s holdings represent 11.12% of the AME Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 17.09 million shares valued at $2.77 billion to account for 7.41% of the shares outstanding. The other top investors are FMR, LLC which holds 9.62 million shares representing 4.17% and valued at over $1.56 billion, while State Street Corporation holds 3.89% of the shares totaling 8.97 million with a market value of $1.45 billion.
Ametek Inc (AME) Insider Activity
The most recent transaction is an insider sale by Kohlhagen Steven W, the company’s Director. SEC filings show that Kohlhagen Steven W sold 1,365 shares of the company’s common stock on Mar 26 ’24 at a price of $182.22 per share for a total of $0.25 million. Following the sale, the insider now owns 27719.0 shares.
Ametek Inc disclosed in a document filed with the SEC on Mar 26 ’24 that AMATO THOMAS A (Director) sold a total of 780 shares of the company’s common stock. The trade occurred on Mar 26 ’24 and was made at $182.00 per share for $0.14 million. Following the transaction, the insider now directly holds 10240.0 shares of the AME stock.
Still, SEC filings show that on Mar 21 ’24, Burke William Joseph (Executive VP – CFO) disposed off 27,400 shares at an average price of $185.05 for $5.07 million. The insider now directly holds 106,512 shares of Ametek Inc (AME).
