Ametek Inc (NYSE: AME) is 3.18% higher on its value in year-to-date trading and has touched a low of $149.03 and a high of $198.33 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 $182.52 in the last trading session, with the day’s gains setting it 3.48%.
Currently trading at $186.00, the stock is 2.30% and -0.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing 1.91% at the moment leaves the stock 6.67% off its SMA200. AME registered 12.50% gain for a year compared to 6-month gain of 7.92%. The firm has a 50-day simple moving average (SMA 50) of $186.8542 and a 200-day simple moving average (SMA200) of $174.3369.
The stock witnessed a 1.95% loss in the last 1 month and extending the period to 3 months gives it a 10.68%, and is -2.33% 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 1.78% over the week and 1.71% over the month.
Ametek Inc (AME) has around 21500 employees, a market worth around $43.02B and $6.91B in sales. Current P/E ratio is 32.42 and Fwd P/E is 25.50. Profit margin for the company is 19.27%. Distance from 52-week low is 24.81% and -6.22% from its 52-week high. The company has generated returns on investments over the last 12 months (11.60%).
with sales reaching $1.82B over the same period.The EPS is expected to grow by 6.77% this year, but quarterly earnings will post 6.31% year-over-year. Quarterly sales are estimated to grow 5.14% in year-over-year returns.
1283.0 institutions hold shares in Ametek Inc (AME), with institutional investors hold 89.39% of the company’s shares. The shares outstanding are 231.31M, and float is at 230.31M with Short Float at 0.92%. Institutions hold 89.01% 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 Speranza Emanuela, the company’s CHIEF COMMERCIAL OFFICER. SEC filings show that Speranza Emanuela sold 6,747 shares of the company’s common stock on Nov 26 ’24 at a price of $195.90 per share for a total of $1.32 million. Following the sale, the insider now owns 30460.0 shares.
Ametek Inc disclosed in a document filed with the SEC on Nov 25 ’24 that ZAPICO DAVID A (CHIEF EXECUTIVE OFFICER) sold a total of 98,644 shares of the company’s common stock. The trade occurred on Nov 25 ’24 and was made at $196.98 per share for $19.43 million. Following the transaction, the insider now directly holds 0.32 million shares of the AME stock.
Still, SEC filings show that on Nov 26 ’24, ZAPICO DAVID A (CHIEF EXECUTIVE OFFICER) disposed off 22,720 shares at an average price of $196.29 for $4.46 million. The insider now directly holds 323,744 shares of Ametek Inc (AME).
