Could AMETEK, Inc. (AME) Skyrocket Even More? The Stock Just Made All-Time High

September 17, 2017 - By Marry Poplack

Investors sentiment increased to 1.24 in Q4 2016. Its up 0.25, from 0.99 in 2016Q3. It increased, as 35 investors sold AMETEK, Inc. shares while 146 reduced holdings. 64 funds opened positions while 160 raised stakes. 201.78 million shares or 1.04% more from 199.71 million shares in 2016Q3 were reported.
22,262 are held by First Republic Invest Mngmt. 14,600 were reported by Louisiana State Employees Retirement Systems. Smithfield Tru holds 1,250 shares or 0.01% of its portfolio. Champlain Prns Limited Liability Corporation owns 1.24M shares for 0.83% of their portfolio. Huntington Bank & Trust accumulated 832 shares or 0% of the stock. 4,191 are held by Intrust Natl Bank Na. Northern has 2.53M shares for 0.04% of their portfolio. Gotham Asset Mngmt Limited Liability reported 292,513 shares stake. Paloma Prns stated it has 0.02% in AMETEK, Inc. (NYSE:AME). Timber Hill Ltd Com invested 0% in AMETEK, Inc. (NYSE:AME). Whittier Trust reported 458 shares. Clinton Gru Inc holds 0.08% or 28,799 shares in its portfolio. Bluecrest Capital Limited holds 173,193 shares. Pdts Lc has invested 0.39% of its portfolio in AMETEK, Inc. (NYSE:AME). Harvey Investment Limited Company stated it has 0.22% in AMETEK, Inc. (NYSE:AME).

Since March 29, 2017, it had 0 insider purchases, and 10 insider sales for $5.68 million activity. Shares for $875,880 were sold by EGINTON WILLIAM D on Thursday, May 4. 4,756 shares were sold by Conti Anthony James, worth $287,358 on Friday, May 5. Another trade for 6,864 shares valued at $415,441 was sold by MONTGOMERY THOMAS M. $187,967 worth of AMETEK, Inc. (NYSE:AME) was sold by VARET ELIZEBETH R on Friday, June 9. On Friday, June 2 the insider Jones Timothy N sold $2.48M. 5,278 shares were sold by MALONE JAMES R, worth $315,572. Oscher Ronald J sold $319,166 worth of stock.

The stock of AMETEK, Inc. (NYSE:AME) reached all time high today, Sep, 17 and still has $69.90 target or 7.00 % above today’s $65.33 share price. This indicates more upside for the $15.08 billion company. This technical setup was reported by Barchart.com. If the $69.90 PT is reached, the company will be worth $1.06B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.11% or $0.07 on September 15, reaching $65.33. About 1.33M shares traded or 67.57% up from the average. AMETEK, Inc. (NYSE:AME) has risen 27.71% since September 17, 2016 and is uptrending. It has outperformed by 11.01% the S&P500.

Investors wait AMETEK, Inc. (NYSE:AME) to report on November, 7. its quarterly earnings Wall Street analysts expect $0.62 earnings per share, up $0.06 or 10.71 % from last year’s $0.56 same quarter earnings. This translates into $143.11M profit for AME giving the stock a 26.34 P/E. This is assuming the current $0.62 EPS is accurate. AMETEK, Inc.’s Wall Street analysts see -4.62 % negative EPS growth, taking into account the $0.65 EPS reproted in the previous quarter,

AMETEK, Inc. (NYSE:AME) Ratings Coverage

Among 10 analysts covering AMETEK (NYSE:AME), 10 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AMETEK had 34 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Friday, August 11 with “Buy”. The stock of AMETEK, Inc. (NYSE:AME) earned “Outperform” rating by RBC Capital Markets on Wednesday, October 28. As per Wednesday, August 5, the company rating was maintained by Oppenheimer. The rating was maintained by BMO Capital Markets on Wednesday, September 6 with “Buy”. Atlantic Securities downgraded AMETEK, Inc. (NYSE:AME) on Friday, April 29 to “Neutral” rating. The stock has “Outperform” rating by RBC Capital Markets on Friday, August 5. The firm has “Buy” rating given on Friday, August 5 by Stifel Nicolaus. As per Monday, July 10, the company rating was maintained by RBC Capital Markets. On Tuesday, June 27 the stock rating was maintained by BMO Capital Markets with “Buy”. As per Tuesday, April 5, the company rating was initiated by BMO Capital Markets.

More news for AMETEK, Inc. (NYSE:AME) were recently published by: Zacks.com, which released: “AMETEK (AME) Retains Competitive Edge Despite Inherent Risks” on September 13, 2017. Nasdaq.com‘s article titled: “Ex-Dividend Reminder: CAE, AMETEK and Western Union” and published on September 12, 2017 is yet another important article.

AMETEK, Inc. is a manufacturer of electronic instruments and electromechanical devices with activities in North America, Europe, Asia and South America. The company has market cap of $15.08 billion. The Firm operates through two divisions: Electronic Instruments and Electromechanical (EMG). It has a 28.59 P/E ratio. EIG creates and makes instruments for the process, power and industrial and aerospace markets.

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