Ametek Inc (NYSE: AME) is 1.02% higher on its value in year-to-date trading and has touched a low of $136.89 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 $166.67 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $166.58, the stock is -1.51% and -0.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing -0.05% at the moment leaves the stock -2.42% off its SMA200. AME registered 18.17% gain for a year compared to 6-month loss of -6.38%. The firm has a 50-day simple moving average (SMA 50) of $168.1638 and a 200-day simple moving average (SMA200) of $170.7074.
The stock witnessed a -2.73% gain in the last 1 month and extending the period to 3 months gives it a -3.30%, and is -1.83% 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 1.26% over the week and 1.39% over the month.
Ametek Inc (AME) has around 21500 employees, a market worth around $38.57B and $6.82B in sales. Current P/E ratio is 29.01 and Fwd P/E is 22.88. Profit margin for the company is 19.52%. Distance from 52-week low is 21.69% and -10.60% from its 52-week high. The company has generated returns on investments over the last 12 months (11.84%).
The EPS is expected to grow by 5.96% this year
1259.0 institutions hold shares in Ametek Inc (AME), with institutional investors hold 90.43% of the company’s shares. The shares outstanding are 230.93M, and float is at 230.55M with Short Float at 0.95%. Institutions hold 90.03% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 25.75 million shares valued at $4.29 billion. The investor’s holdings represent 11.1416 of the AME Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 17.63 million shares valued at $2.94 billion to account for 7.6298 of the shares outstanding. The other top investors are STATE STREET CORP which holds 9.2 million shares representing 3.9794 and valued at over $1.53 billion, while FMR LLC holds 3.9457 of the shares totaling 9.12 million with a market value of $1.52 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 1,460 shares of the company’s common stock on Sep 25 ’24 at a price of $171.59 per share for a total of $0.25 million. Following the sale, the insider now owns 23349.0 shares.
Still, SEC filings show that on Jun 12 ’24, Kohlhagen Steven W (Director) disposed off 1,440 shares at an average price of $173.93 for $0.25 million. The insider now directly holds 24,809 shares of Ametek Inc (AME).
