D.A. Davidson analyst Matt Summerville maintained a Buy rating on Ametek (AME – Research Report) today. The company’s shares opened today at $160.83.
Summerville covers the Industrials sector, focusing on stocks such as Hillenbrand, Crane NXT, and Graco. According to TipRanks, Summerville has an average return of 7.4% and a 55.00% success rate on recommended stocks.
Currently, the analyst consensus on Ametek is a Moderate Buy with an average price target of $171.00.
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Based on Ametek’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.62 billion and a net profit of $340.37 million. In comparison, last year the company earned a revenue of $1.55 billion and had a net profit of $297.64 million
Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AME in relation to earlier this year. Last month, David Zapico, the CEO of AME sold 75,876.00 shares for a total of $12,248,299.98.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ametek (AME) Company Description:
AMETEK, Inc. is a global manufacturer of electronic instruments and electromechanical devices. The company specializes in manufacturing instruments used for monitoring, examining, calibration and display purposes in the power, aerospace and industrial instrumentation markets. It also produces engineered electrical connectors and electronics packaging for electronic applications in defense, aerospace, medical and industrial markets.
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