The stock of AMETEK, Inc. (NYSE:AME) is a huge mover today! About 1.53 million shares traded hands. AMETEK, Inc. (NYSE:AME) has declined 1.56% since April 28, 2016 and is downtrending. It has underperformed by 7.48% the S&P500.
The move comes after 6 months positive chart setup for the $11.79 billion company. It was reported on Dec, 1 by Barchart.com. We have $52.95 PT which if reached, will make NYSE:AME worth $825.30 million more.
Analysts await AMETEK, Inc. (NYSE:AME) to report earnings on February, 3. They expect $0.58 EPS, down 7.94% or $0.05 from last year’s $0.63 per share. AME’s profit will be $138.17 million for 21.33 P/E if the $0.58 EPS becomes a reality. After $0.56 actual EPS reported by AMETEK, Inc. for the previous quarter, Wall Street now forecasts 3.57% EPS growth.
AMETEK, Inc. (NYSE:AME) Ratings Coverage
Out of 10 analysts covering AMETEK (NYSE:AME), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. AMETEK has been the topic of 20 analyst reports since August 5, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained AMETEK, Inc. (NYSE:AME) on Monday, February 8 with “Outperform” rating. The rating was maintained by Stifel Nicolaus on Wednesday, October 28 with “Buy”. Stifel Nicolaus maintained AMETEK, Inc. (NYSE:AME) rating on Wednesday, November 2. Stifel Nicolaus has “Buy” rating and $50 price target. The rating was maintained by Oppenheimer with “Outperform” on Friday, August 5. The stock of AMETEK, Inc. (NYSE:AME) earned “Outperform” rating by BMO Capital Markets on Tuesday, April 5. As per Tuesday, March 22, the company rating was initiated by William Blair. The stock of AMETEK, Inc. (NYSE:AME) earned “Outperform” rating by RBC Capital Markets on Wednesday, November 2. Stifel Nicolaus maintained AMETEK, Inc. (NYSE:AME) rating on Friday, August 5. Stifel Nicolaus has “Buy” rating and $50 price target. The company was maintained on Wednesday, August 5 by Oppenheimer. Atlantic Securities downgraded the shares of AME in a report on Friday, April 29 to “Neutral” rating.
According to Zacks Investment Research, “AMETEK is a leading global manufacturer of electric motors and electronic instruments. The company markets its products worldwide through two operating groups, the Electronic Instruments Group and the Electromechanical Group. EIG builds technologically advanced monitoring, sensing, calibration, and display devices for the aerospace, heavy vehicle and process industries. EMG manufactures air-moving electric motors for vacuum cleaners and other floor-care products, and produces of brushless air-moving motors for aerospace, mass-transit, and computer markets.”
Insitutional Activity: The institutional sentiment increased to 0.99 in 2016 Q2. Its up 0.11, from 0.88 in 2016Q1. The ratio is positive, as 36 funds sold all AMETEK, Inc. shares owned while 146 reduced positions. 31 funds bought stakes while 129 increased positions. They now own 197.23 million shares or 3.59% less from 204.57 million shares in 2016Q1.
Envestnet Asset Mngmt Inc holds 0% of its portfolio in AMETEK, Inc. (NYSE:AME) for 24,872 shares. Roundview Capital Ltd Co accumulated 0.41% or 23,875 shares. Moreover, Deere has 0.03% invested in AMETEK, Inc. (NYSE:AME) for 10,501 shares. Moreover, Boston has 0.04% invested in AMETEK, Inc. (NYSE:AME) for 648,748 shares. Schwartz Investment Counsel Inc has 232,600 shares for 0.78% of their US portfolio. Moreover, Mountain Pacific Investment Advisers Id has 3.05% invested in AMETEK, Inc. (NYSE:AME) for 574,600 shares. Oakbrook Invests Ltd has 26,850 shares for 0.07% of their US portfolio. Livforsakringsbolaget Skandia Omsesidigt has 0.04% invested in the company for 17,809 shares. North Star Asset Mgmt owns 116,593 shares or 0.68% of their US portfolio. Signaturefd Limited Liability last reported 0% of its portfolio in the stock. Glob X Com Lc accumulated 1,052 shares or 0% of the stock. Artisan Prns Partnership holds 7.63M shares or 0.75% of its portfolio. First Citizens Bank And has 4,346 shares for 0.02% of their US portfolio. The United Kingdom-based Winton Capital Grp Inc Limited has invested 0.44% in AMETEK, Inc. (NYSE:AME). Renaissance Technology Limited Liability Corporation has 0.02% invested in the company for 225,650 shares.
Insider Transactions: Since June 30, 2016, the stock had 0 insider purchases, and 5 insider sales for $1.88 million net activity. Hardin John Wesley sold $137,908 worth of stock or 2,775 shares. $291,808 worth of AMETEK, Inc. (NYSE:AME) was sold by Marecic Thomas C. Kohlhagen Steven W also sold $100,348 worth of AMETEK, Inc. (NYSE:AME) on Friday, August 19.
More news for AMETEK, Inc. (NYSE:AME) were recently published by: Nasdaq.com, which released: “Ex-Dividend Reminder: Univest Corp. of Pennsylvania, CSG Systems International …” on December 01, 2016. Prnewswire.com‘s article titled: “AMETEK To Present At Baird’s 2016 Global Industrial Conference” and published on November 04, 2016 is yet another important article.
AME Company Profile
AMETEK, Inc. (AMETEK), incorporated on May 8, 1986, is a maker of electronic instruments and electromechanical devices with activities in North America, Europe, Asia and South America. The Firm operates through two divisions: Electronic Instruments (EIG) and Electromechanical (EMG). EIG creates and makes advanced instruments for the process, aerospace, power and industrial markets. EMG is a supplier of electrical interconnects, precision motion control solutions, specialty metals, thermal management systems, and floor care and specialty motors. The Company’s end markets include aerospace and defense, medical, factory automation, mass transit, petrochemical and other industrial markets.
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