Ametek Inc/ (AME): James R Malone , director of Ametek Inc/ sold 6,363 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $46.76 per share for a total value of $297,564.44 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 6, 2016, Charles D Klein (director) sold 20,000 shares at $48.90 per share price.On Mar 15, 2016, Dennis K Williams (director) sold 8,820 shares at $48.46 per share price.Also, On Mar 14, 2016, Steven W Kohlhagen (director) sold 1,500 shares at $47.77 per share price.On Feb 18, 2016, Frank S Hermance (CHAIRMAN OF THE BOARD & CEO) sold 24,000 shares at $46.01 per share price.
AMETEK: On Friday, May 6, 2016 heightened volatility was witnessed in AMETEK which led to swings in the share price. The shares opened for trading at $46.57 and hit $46.82 on the upside , eventually ending the session at $46.74, with a gain of 0.21% or 0.1 points. The heightened volatility saw the trading volume jump to 12,32,856 shares. The 52-week high of the share price is $57.67 and the company has a market cap of $10,910 M . The 52-week low of the share price is at $42.82.
Company has been under the radar of several Street Analysts.AMETEK is Downgraded by Robert W. Baird to Neutral and the brokerage firm has raised the Price Target to $ 51 from a previous price target of $49 .Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 29, 2016.
AMETEK Inc. (AMETEK) is a manufacturer of electronic instruments and electromechanical devices with operations in North America Europe Asia and South America. AMETEK markets and sells its products through two groups: Electronic Instruments (EIG) and Electromechanical (EMG). The Company’s EIG segment designs and manufactures advanced instruments for the process aerospace power and industrial markets. It offers process control instruments for the oil and gas petrochemical pharmaceutical semiconductor and factory automation industries. The Company’s EMG segment offers electrical connectors and electronics packaging used in aerospace and defense medical and industrial applications as well as its advanced technical motor and motion control products which are used in a range of medical devices office and business equipment factory automation robotics and other applications.