An Insider Sold 7,682 Shares Of AMETEK Inc. (AME)


As of Wednesday close, AMETEK Inc.’s (NYSE:AME) stock was up $0.44, moving up 0.31 percent to $142.08. The average number of shares traded per day over the past five days has been 737,840 shares. 5 times new highs have been achieved over the past 5 days, with a $3.51 gain in that time frame. In the last twenty days, the average volume was 1,191,095, while in the previous 50 days, it was 1,093,228.

Since last month, AME stock rose 15.47%. Shares of the company fell to $119.37 on 10/24/22, the lowest level in the past month. A 52-week high of $148.07 was reached on 01/05/22 after having rallying from a 52-week low of $106.17. Since the beginning of this year, AME’s stock price has dropped by -3.37% or -$4.96, and marked a new high 2 times. However, the stock has declined by -4.05% since its 52-week high.

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AME stock investors should be aware that AMETEK Inc. (AME) stock had its last reported insider trading activity 2 days ago on Nov 22. Marecic Thomas C, the PRES. – ELECTRONIC INSTRUMENTS of the company, disposed of 7,682 shares for $141.06 on Nov 22. It resulted in a $1,083,638 divestment by the insider. Marecic Thomas C sold 2,318 shares at an average price of $141.01 on Nov 21. The insider now owns 31,622 shares following the transaction. On Nov 11, CHIEF EXECUTIVE OFFICER ZAPICO DAVID A sold 130,000 shares at $139.49 apiece. The transaction was valued at $18,133,274.

Valuation Metrics

Right now, AMETEK Inc. (AME) has a P/E ratio of about 29.07. The stock’s beta is 1.24. Besides these, the trailing price-to-sales (P/S) ratio of 5.36, the price-to-book (PB) ratio of 4.57, and the price-to-cash flow ratio of 44.65 may also be considered.

The latest dividend of $0.22 per share was paid out, remained unchanged from last year’s $0.22. On Thursday February 10 2022, a $0.02 dividend increase was announced.

Financial Health

In the three months ended June 29, AMETEK Inc.’s quick ratio stood at 0.90, while its current ratio was 1.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.29, and the total debt-to-equity ratio was 0.33. On the profitability front, the trailing twelve-month gross margin is 34.90% percent. In the year ended June 29, operating margins totaled 24.30%. Based on annual data, AME earned $1.91 billion in gross profit and brought in $5.55 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.40%. Return on equity (ROE) for the past 12 months was 16.30%.

In AMETEK Inc.’s quarter-end financial report for June 29, it reported total debt of $2.09 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AME’s revenue rose 7.16% to $1.51 billion during the quarter, while net income inched up to $1.55 billion. While analysts expected AMETEK Inc. to report $1.29 quarterly earnings, the actual figure was $1.38 per share, beating the consensus estimate by 7.00%. During the quarter, the company generated $460.27 million in EBITDA. The liabilities of AMETEK Inc. were 4.91 billion at the end of its most recent quarter ended June 29, and its total debt was $2.68 billion. The value of shareholders’ equity is $229.65 million.

Technical Picture

This quick technical analysis looks at AMETEK Inc.’s (AME) price momentum. With a historical volatility rate of 11.82%, the RSI 9-day stood at 75.96% on 23 November.

With respect to its five-day moving average, the current AMETEK Inc. price is up by +2.53% percent or $3.51. At present, AME shares trade +14.82% above its 20-day simple moving average and +27.54% percent above its 100-day simple moving average. However, the stock is currently trading approximately +15.46% above its SMA50 and +4.89% above its SMA200.

Stochastic coefficient K was 92.99% and Stochastic coefficient D was 87.03%, while ATR was 2.79. Given the Stochastic reading of 93.38% for the 14-day period, the RSI (14) reading has been calculated as 72.45%. As of today, the MACD Oscillator reading stands at 1.92, while the 14-day reading stands at 2.79.

Analyst Ratings

AMETEK Inc. downgraded its rating on AMETEK Inc. (NYSE: AME) to a Neutral in a note to investors on July 11, 2022. The analysts firm previously had a Buy rating on the stock.


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